Analytics

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.

Global payments provider Payoneer will handle Google's "insurance" payments to consumers as part of the Google Trusted Stores program.

Some of the toughest types of payments fraud to combat aren't from an overseas hackers den but from everyday people misusing their own accounts or those of a relative, says Rick Lynch, Verifi's senior vice president of business development.

Credit Card penalties—like over-limit and late fees—are constitutional and do not violate consumers' due process rights, the Ninth Circuit U.S. Court of Appeals recently ruled.

Webster Bank's use of advanced alerting allows it to receive valuable, real-time feedback from its customers about how they prefer to make payments, says Greg Jacobi, senior vice president of distribution and customer experience for Webster Bank.

There's a new Bitcoin wallet and vault provider in town, Xapo, launched by payments veteran Wences Casares with $20 million in funding from investors.

E-commerce payments processor 2Checkout is attempting to win over businesses by enabling the potential clients to accept transactions before it fully vets them.

EMVCo, the EMV standard governing body has released specifications for payment tokenization, a process that it says will strengthen security on card-not-present transactions initiated by EMV-chip cards.

Mobile banking technology company Monitise is attempting to make account alerts two-way conversations, with an eye on marketing and security capabilities for payments applications.

Three months after coming to light, the massive exposure of 40 million card accounts at Target Corp. still has the payments industry and consumers talking about what should be done to prevent this happening again. In the United States, that is.

FICO plans to release a new broad-based scoring model this summer that helps lenders analyze a consumer's credit risk with greater accuracy.

Chase Merchant Services has developed technology that could have helped its parent company, JPMorgan Chase, deal with the hefty task of reissuing 2 million cards in the wake of the massive Target data breach.

MasterCard and Visa have formed a new group to improve efforts in the U.S. to migrate to the EMV-chip cards other security methods.

The Electronic Transactions Association is lobbying Congress to enact a uniform national data breach reporting standard that would replace a welter of contradictory state and local rules.

Knab, a branchless bank based in Amsterdam, is aiming to attract 250,000 customers by 2017 through the promise of smoother payments.

Yapital Financial AG has signed a five-year agreement with security and payment gateway provider ReD to deliver fraud protection services for its European payment system.

Target Corp., still reeling from a security breach that exposed the personal information of tens of millions of customers, is seeking a new top technology executive to help prevent future attacks.

Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud.

As evidenced by recent high-profile data breach incidents at major retailers , keeping payment data secure in today’s world is an increasingly complex challenge.

Flexcoin, a Bitcoin bank, was forced to shutdown after hackers stole 896 units of the digital currency, the Guardian newspaper reported.