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Verizon and Intuit announced Thursday that they are teaming up to introduce a mobile payment system that will let customers swipe their credit cards with their smartphones. Verizon will sell the Intuit Reader smartphone accessory in its retail stores. The Reader plugs into the audio jack of most Android phones, BlackBerrys, the iPhone and the iPad.
The product rollout is intended to make it easy for small-business owners and others to process mobile payments, likely boosting sales of smartphones.

Visa and MasterCard credit cards are no longer valid in Syria under new U.S. sanctions targeting Damascus because of its deadly crackdown on a 5-month-old uprising, officials said Thursday.

Visa Inc said on Wednesday quarterly profit rose by 40 percent, on a higher volume of global payments and a $1 billion gain from revaluing its Visa Europe put option.

It’s not the subplot to a Jerry Bruckheimer movie: drug dealers in Mexico really are kidnapping computer whizzes and forcing them to hack into bank systems and program credit card fraud scams in order to acquire additional funds on top of what they haul in from selling drugs.

Spend the night at a hotel and get a call from the front desk and it could turn out to be a con artist trying to steal your credit card number.

WikiLeaks says it's suing the European operations of Visa and MasterCard because they cut off services to the secret-spreading website last December.

When it comes to protecting your credit from identity theft you have a variety of options. You can do nothing. You can pay to monitor your credit reports. Or, you can freeze your credit reports.

American Express introduced a reloadable prepaid card that isn't packed with hidden fees.

About 200,000 Citibank credit card customers in North America have had their names, account numbers and email addresses stolen by hackers who broke into Citi's online account site.

Google Inc. launched its bid to dominate a world where the smartphone has replaced the wallet as the container for credit cards, coupons and receipts.