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Breach Hits Card Processor Global Payments

Global Payments Inc., which processes credit cards and debit cards for banks and merchants, has been hit by a security breach that has put some 50,000 cardholders at risk, according to people with knowledge of the situation.

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Banks Stumble Along Tech Frontier

Mike Jordan never liked the two payment devices in his Dairy Queen that were supposed to make it easier for customers to buy Dilly Bars and Oreo Blizzards.

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BofA Blames Web Site Slowness on Upgrade

A botched technology upgrade was responsible for online banking problems that spilled into a sixth day at Bank of America Corp., inconveniencing customers and handing the biggest U.S. bank by assets fresh image problems.

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Fed Unveils Swipe-Fee Plan

The Federal Reserve on Wednesday unveiled a more moderate plan to curb the debit-card “interchange” fees banks charge retailers, proposing a base fee of 21 cents that’s far less restrictive than a draft proposal that outraged the banking industry.

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Thieves Swipe Debit Card Data

Brandi Ramundo of West Chicago, Ill., rushed out to a Michaels arts-and-crafts store April 16 to cobble together corsages for her seven-year-old twins, who were going to a father-daughter dance.

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Arrest in Epic Cyber Swindle

A 28-year-old American, believed by prosecutors to be one of the nation’s cybercrime kingpins, was indicted Monday along with two Russian accomplices on charges that they carried out the largest hacking and identity-theft caper in U.S. history.