The money will compensate financial institutions that had to cancel credit-card accounts and issue replacement cards with new account numbers following the 2013 data breach at the retail giant.
MasterCard customers can enjoy free Internet on trips to the UK without paying out a single pound, shilling or ha'penny.
Using geolocation data, the credit card company proposes a plan that will only allow card transactions when a users' smartphone is within close proximity.
Technically Incorrect: Adult FriendFinder, a site where people seek casual, discreet relationships, suffers a breach, exposing the details of almost 4 million of its members.
Silicon Valley is pouring more money into Internet security companies than ever before.
iPhone users in China may have a long wait before getting Apple's mobile payments system. Negotiations with the only bank in the country that conducts interbank payments aren't going well, says a new report.
The world's largest social network just gave its users another reason to use its messaging service, even as competitors pile on features.
In the past, mobile contactless payments have been limited by smartphone compatibility or add-on hardware, but Commonwealth Bank customers can now tap to pay on virtually any Android smartphone.
Before you run out to get a new phone with mobile payment capabilities, check out these three apps that let you pay with the phone you have right now, no NFC required.
The Korean electronics giant believes its technology will allow people to pay with their smartphone in more places.