Credit Card | featured news

The idea behind mobile payments currently holds more appeal than the reality does. Can Google change that? Retailer support for mobile payments is hard to find outside major metropolitan areas, and even then, the gaggle of tap-to-pay options means your favorite NFC-friendly store may not accept your preferred mobile wallet technology. If a new leak proves true, Google may have worked its way around the hurdle, albeit in an NFC-free manner.

Barnes & Noble, the country’s largest bookseller, said data thieves hacked into payment devices at 63 of its stores nationwide and may have stolen credit and debit card information from customers.

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.

Bank of America Corp. said Tuesday it lost $7.65 billion during the third quarter due to a charge related to credit and debit card reform legislation passed over the summer.