Analytics

More consumers are skipping the mall and buying online instead. Many traditional retailers have already moved online to maximize their sales among customers who either don’t have access to their physical shops due to distance, or for whom shopping online is simply more convenient.

Machine-learning fraud detection, which self-updates to adapt to fraud trends, is growing in popularity but hasn't rendered hands-on methods obsolete.

Visa, which just revamped its digital payment system, will introduce secure "tokens" in September to replace the 16-digit account number for online payments.

The Clearing House and EMVCo launched separate efforts to develop standards for tokenization, a process that replaces sensitive account data with a secure token. But now, their paths are converging.

The credit card issuer is looking to build its campus business at a time when other banks' relationships with college and universities are facing regulatory threats.

ProPay, a division of the payment processor Total System Services (TSYS), will provide ControlScan's data security compliance tools to small businesses.

Nonbank mortgage lenders are chafing at a report from a government watchdog claiming they are less regulated than large banks and pose increased risks to Fannie Mae and Freddie Mac.

Discover Financial Services reported a rise in quarterly profits on strong growth in its loan portfolio.

As the U.S. shifts to EMV-chip cards to improve security at the point of sale, fraud will move online, and ACI Worldwide is preparing for that challenge. The payment technology company's $205 million purchase of ReD will help it close up vulnerabilities in card-not-present transactions.

Security breaches at trusted global corporations, such as Target and eBay are becoming a regular occurrence. Valuable customer data serves as a new currency of sorts for fraudsters, prompting the digital underground to stage well thought out attacks on a scale previously unheard of.

The Justice Department's Operation Choke Point isn't really about combatting fraud, says Jason Oxman, CEO of the Electronic Transactions Association. Federal regulators simply don't like high-risk merchants, such as payday lenders and guns dealers, he says.

The banking industry is pushing back against a plan released this week by the Consumer Financial Protection Bureau to publicize more details about consumers' individual complaints about financial companies.

WEX, a corporate payments company, has closed its acquisition of Evolution1, a Fargo-based firm that produces software to manage health care transactions.

eBay's two most "extraordinary events" from the first half of the year were a now-resolved conflict with activist investor Carl Icahn and a cyber-attack that created financial headwinds. It is not yet actively searching for a new PayPal president.

Wells Fargo's process of establishing new cross-border remittance corridors creates a vital network effect, helping the bank withstand the country-specific problems that are driving rivals out of the business.

ProPay, a subsidiary of the processor Total System Services (TSYS), is working with ThreatMetrix to offer fraud prevention technology to its customers.

Security breaches exposing consumers' personal information are becoming larger and more frequent in New York, costing businesses more than $1.37 billion last year, the state attorney general's office said.

Trustwave is promising to stop any data hacking attempts against a client made through a Web browser, but the tradeoff is the client has to give Trustwave hands-on control of its Web security.

Affirm, which launched in early 2013 with a product that resembles a digital version of a charge card, is making its payment schedules more flexible in an effort to attract more merchants and consumers.

A new malware botnet is using thousands of compromised computers to launch attacks on point-of-sale systems with the intent to steal card data, says a warning from security company FireEye.