Analytics

Costco Wholesale Corp., the largest U.S. warehouse-club chain, will stop accepting all American Express Co. cards in Canada on Jan. 1.

We value the importance of building and maintaining positive customer relationships. But, how do you also manage the ever increasing levels of fraud and mitigate risk?

Consumers in China using the Alipay Wallet will be able to use fingerprint scanning technology from Nok Nok Labs to replace passwords when engaging the wallet for e-commerce payment transactions.

It's time for the Payment Card Industry Security Standards Council to work with acquirers in providing merchants with "PCI in a box," said Stephen Orfei, the council's new general manager.

EMV, or "chip cards,” have been around for more than a decade and are available in more than 80 countries.

Three New York bank tellers have been arrested and accused of participating in an identity theft ring, state Attorney General Eric Schneiderman said Sept. 16.

NexID Biometrics, an authentication technology provider in Potsdam, N.Y., has enhanced a fake-finger-detection solution for fingerprint-sensor systems.

From the moment Apple revealed its mobile wallet to the world, PayPal has taken a very outspoken stance against it.

Tim Wennes began a one-year term as chairman of the Consumer Bankers Association this week. In an interview with American Banker, he spoke about the need for an open dialogue with the CFPB and made clear the association is prepared to fight regulatory initiatives in areas such as private student loans.

Apriva has added data analytics and business management tools to its payments software for bank and merchant services clients, along with a Web portal where merchants can review consumer behavior.

Host Card Emulation (HCE) is getting a lot of attention, since it offers virtual payment card issuers the promise of removing dependencies on “secure element issuers” such as mobile network operators (MNOs).

The term "opinion leader" has been used to describe those consumers who are wealthy, involved in their communities and knowledgeable about the world around them. Turns out, they also spend the most money on credit cards.

"What you are seeing is a company like Apple, representing 40 percent of operating system penetration, helping introduce [tokenization] for us in a way that consumers will find comfortable and easy to adopt," said Matthew Dill, Visa's senior vice president and head of innovation and strategic partnerships.

Alliance Data Systems Corp. agreed to buy Conversant Inc. for $2.3 billion, gaining technology to distribute advertising across the Internet and measure the effectiveness of marketing campaigns.

Automakers routinely track and measure the failure rates of everything from a car's brakes to air bags to power steering. Now banks and lenders are being forced to think much the same way about mortgages.

The Payment Card Industry Security Standards Council is providing updated guidance for merchants to protect against fraudulent card skimming, which it says costs U.S. businesses and consumers $8 billion a year.

The shopping technology vendor Slice is extending its application programming interface (API) for the analysis of electronic payments data, giving merchants visibility into a wide range of consumer e-commerce spending.

Apple Pay appears to be missing one key thing: A reason to use it. Most other mobile wallets come with a reward program, but Apple currently isn't going that route.

The financial technology company Fiserv has added token-based security from Visa and MasterCard.

Apple is betting that tokenization systems offered by payment processors will provide a security boost to its new Apple Pay system at a time when consumers are wary of Apple's cloud-based services.