Analytics

MasterCard is determined to take its tokenization technology for Apple Pay and spread the security method to many other payment products, including the card brand's own MasterPass digital wallet.

Jumio Inc. has introduced BAM Checkout, putting together its identification and credit card scanning technology to streamline mobile payment acceptance.

Google will enhance its verification system for accounts by supporting identity standards developed by FIDO (Fast Identity Online), an industry alliance that aims to increase operability between authentication technology systems.

A big part of the EMV migration is awkward for restaurants in the U.S., but Apple Pay may ease the discomfort, said Harbortouch CEO Jared Isaacman.

Staples Inc., the world’s largest office-supply chain, is investigating a potential breach of customer credit-card data, becoming the latest retailer to confront a threat from hackers in recent months.

A few hours into Apple Pay's Oct. 20 launch, Apple CEO Tim Cook promised the company was not looking to exploit its payments data.

An Israeli company is hoping to make installment plans a routine part of credit card transactions in the U.S., relying on retailers, banks and other partners to promote its technology.

An executive order signed by President Obama on Friday that mandated the adoption of chip and PIN technology in government cards and enabled its use in facilities like Post Offices is a "meaningless gesture" that smacks of politics over substance.

The White House is slated to unveil a major package of initiatives on Friday to increase data security for financial transactions, including an executive order to add chip-and-PIN technology to government-issued credit and debit cards.

MasterCard will launch a contactless card with a built-in fingerprint sensor in the U.K. in early 2015 with Norwegian payment technology provider Zwipe.

Almost half of merchant payment-card terminals in the U.S. will be able to handle more secure EMV- chip technology by the end of 2015, according to an industry group.

WASHINGTON — To hear the Consumer Financial Protection Bureau tell it, the private student loan market is a mess, filled with angry borrowers many of whom claim to have been taken advantage of by banks and servicers.

American Express Co. is pulling new levers to build its business with small merchants and drive mobile wallet adoption, emphasizing its work with Apple Pay.

Next year's updates to the Payment Card Industry data security standards will give compliant retailers better protection, but hackers will be targeting the weaknesses of companies that don't put in extra effort.

American Express Co. said third-quarter profit rose 8.1 percent, beating analysts' estimates, as customer spending increased.

The growing prevalence of Internet-connected devices, along with a seemingly endless string of data breaches, is creating more opportunity to convince retailers to safeguard sensitive account data through new technology.

FICO is joining The CardLinx Association, which develops standards for card-linked offers.

Fuel retailers may shudder at the potential costs of upgrading gas pumps for EMV chip-based card acceptance, but they are a prime target for vendors offering secure mobile payments and deeper fraud-screening analytics.

WASHINGTON — A long-running battle between the Mortgage Bankers Association and the Labor Department is headed for the Supreme Court in December and the outcome could have a significant impact on banks and other mortgage lenders.

International Dairy Queen, the ice cream chain owned by Warren Buffett’s Berkshire Hathaway Inc., said customer data were compromised by hackers.