Analytics

Lloyds Banking Group in the U.K. has made Deborah McWhinney its third nonexecutive director. She joined the board at Lloyds Monday and also serves on its audit and risk committees.

The long-running tension between anti-money-laundering rules and data privacy concerns is especially pronounced in the awkward relationship between regulated financial institutions and digital currency businesses.

The introduction of EMV cards didn't significantly slow transaction times at U.S. retailers during the Black Friday shopping event, but there are still many wrinkles to iron out at the point of sale.

While consumers hunt for deals during the holiday online shopping frenzy, fraudsters are doing the same — using the credentials they've hoarded from any number of data breaches the past year.

The U.S. is a long way from widespread adoption of EMV, but security analysts say the boom in online shopping—plus a surge in consumers' use of mobile devices for holiday purchases—will make it easier for fraudsters to hide their moves as they redirect their efforts from retail to online channels.

To counter the rising rate of e-commerce fraud, U.K.-based myPINpad plans to provide a virtual PIN pad for mobile-generated online transactions through the VocaLink network for the next five years.

Banks give a lot of reasons for providing chip cards that work with signatures, rather than four-digit PIN codes, but none of them are convincing.

The proliferation of easy-to-use analytics tools has allowed community banks to do what used to take teams of quants to accomplish. Some are using it to get an edge in M&A, others are using it to improve efficiency.

At long last, the National Retail Federation has won the support of several U.S. attorneys general in its demand for chip and PIN security at the point of sale. But even this isn't enough.

Regions Financial in Birmingham, Ala., has hired FBI veteran John Boles to oversee its investigations of cybersecurity and international threats.

The United States and United Kingdom recently published detailed money laundering and terrorist financing risk assessments identifying both law enforcement and national security challenges.

Black Friday will mark a new milestone this year, when mobile devices for the first time will account for about half of all online purchases during the first weekend of the holiday shopping frenzy, according to a new study.

Forward-thinking companies could get a reputation lift from being first out of the gate with interesting apps. Banks could also be first to help protect customers from the inevitable privacy leaks that the IoT will make possible.

Charles Cawley, who founded MBNA Corp. and built it into an affinity credit-card empire that was sold to Bank of America Corp. for $35 billion, has died. He was 75.

Malware is a topic that everyone is talking about. Giant movie studio’s network is hacked? The attackers used malware. Big retailer’s point-of-sale system is breached? Malware did it. Hackers breached ATMs at multiple banks? They used malware.

A man accused of operating a bitcoin exchange allegedly owned by the mastermind of a criminal enterprise that hacked at least nine big financial institutions and publishing firms, including JPMorgan Chase, pleaded not guilty to money laundering.

Business is booming for the online gaming industry, to the tune of billions of dollars worldwide each year.

The recent uptick in cyberattacks, including the hack of extramarital dating site Ashley Madison, is making companies tighten their Web security and driving up demand for cybersecurity providers.

Community banks are embracing branch innovations to deliver a more personalized experience to customers, and differentiate themselves from larger competitors.

A point-of-sale malware that steals payment card data has resurfaced after a few years with a diabolical twist — it cleans up its crime scene, making it difficult for businesses to realize their networks are infected.