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“The government says 1 out of every 14 Americans age 16 or older was a target or a victim of identity theft, a crime imposing a heavy emotional toll on many of its victims. According to a national household survey of 70,000 people issued by the Bureau of Justice Statistics, identity theft resulted in $24.7 billion in financial losses last year. “
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“With so many credit cards, debit cards or loyalty cards in your wallet, how about a card-of-cards to hold them all? That’s exactly what a start-up called Coin is offering. The card in question is the size of a credit card, contains a small digital display, and stores the data from up to eight credit, reward or other cards. “
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“An Internet security firm says a limousine software company has been hacked, exposing credit card numbers and potentially embarrassing details about close to 1 million customers, including politicians, star athletes and corporate executives. Alex Holden, chief information security officer of Milwaukee-based Hold Security, says he discovered the breach at Corporatecaronline more than a month ago. “
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“On the heels of its made over mobile app launch last week, PayPal is making an even stronger push to find a place in the bricks-and-mortar world. It’s called Beacon — and the company hopes it will revolutionize the way we pay for goods and services by taking the credit card “swipe” out of the equation. “
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“Square is diversifying beyond coffee, cabs and cash. And that could mean more competition for Ebay and others. Starting [Wednesday], the mobile-payment service is adding an online marketplace for sellers of handmade jewelry, beauty products, apparel and anything else that can be shipped”