Analytics

Card-not-present merchants are battling increasingly frequent friendly fraud. That type of fraud–the “I don’t recognize” or “I didn’t do it” dispute–occurs when a cardholder makes a purchase, receives the goods or services and initiates a chargeback on the order claiming he or she did not authorize the transaction.

The resurgence of subprime auto lending has stoked fears about poor underwriting and drawn parallels to the subprime mortgage debacle , but a group of economists at the Federal Reserve Bank of New York say there is no reason to panic.

People are still using pedestrian passwords that are easy to break, security company Trustwave has found.

SmartMetric Inc., a maker of biometric smart cards, failed in its appeal of a court decision saying Visa Inc. and MasterCard Inc. don't infringe a patent for credit and debit cards containing chips.

Supervalu Inc. said customers' payment-card details may have been stolen as the U.S. grocery chain with more than 3,300 stores became the latest to fall victim to hackers.

For some time now, I’ve been using the mobile alerting capabilities offered by my bank and card issuers. The reassurance from knowing that I’ll be notified via text message of typical and not-so-typical transactions puts my mind at ease and gives me a sense of playing a part in the fraud prevention game.

Companies like PayPal and Square reward hackers with "bug bounties" for finding and reporting vulnerabilities before they can be exploited by fraudsters, and their welcoming attitude toward the hacking community is paying off.

Even if it pushes the bank past the October 2015 deadline for EMV-chip card adoption, BMO plans to stick with its magnetic-stripe cards until each one reaches its natural expiration date.

Payment technology company ACI Worldwide has completed its $205 million purchase of the security vendor Retail Decisions Plc (ReD).

The share of mortgage applications for refinance loans has hovered above 50% since the first week in May, but that doesn't mean the mortgage industry is in the midst of another refinance boom, or even a boomlet.

Fleet card provider FleetCor's planning a major push into B2B electronic payments, and hopes to get a substantial boost from its planned $3.45 billion acquisition of Comdata.

Total System Services Inc. is offering a tokenization service to secure payment card information for merchants accepting online, mobile or digital wallet payments.

First Data and LocalVox are joining forces to provide a marketing technology platform for small and medium-sized businesses.

Fair Isaac Co. revealed Thursday that its revamped credit score model will not weigh medical debt as heavily as previous versions, a key change given that medical debt accounts for nearly half of all unpaid collections on consumers' credit reports.

Square is the latest technology company to launch a "bug bounty" program, which rewards volunteer hackers for finding security flaws and bringing them to Square's attention.

Gemalto NV, a developer of software and chips that make transactions more secure, agreed to buy data-protection company SafeNet Inc. for $890 million in cash to bolster its offerings against threats such as hacking.

The EMV liability shift is a little over a year away, yet many merchants are unprepared for chip card acceptance. Recent data breaches have increased consumer awareness of card security issues.

Banks and other lenders appear to be waiting on a regulatory signal from the Federal Housing Finance Agency before approving loans for borrowers with less than stellar credit profiles.

NXT-ID is working with Joey Fatone, former member of the boy band N*Sync, to kick off a series of celebrity endorsements for its biometric Wocket wallet.

Visa has launched a new service called Visa Transaction Advisor, which is designed to help U.S. gas stations identify higher-risk credit and debit card transactions at the pump.