Analytics

American Express has escaped serious harm from the recent and massive Target data breach, CFO Jeff Campbell told investors.

If the recent holiday shopping season is any indication, consumers may be setting aside their caution with credit card spending and are back to consuming through debt.

Starbucks is reportedly storing mobile app users' passwords in a manner that makes them accessible to a hacker with access to a user's phone, creating potential security risks that could erode consumer confidence in mobile payments.

Citi and Barclaycard US will both have a seat at the table after American Airlines and US Airways combine their frequent flier programs and affinity credit cards, but the issuers will have somewhat different roles.

The latest quarterly survey of U.S. and Canadian bank risk professionals found expectations for delinquencies on auto loans hit their highest level since Q4 2012, and expectations for delinquencies on credit cards reached their highest level in two years.

The EMV Migration Forum has recruited a test group of merchants, retailers and issuers to begin handling EMV-chip cards in Orlando, Fla., early to spot and fix problems before the card networks' deadline of October 2015.

Identification card manufacturer Datacard Group has completed its acquisition of digital identity and information firm Entrust.

JPMorgan Chase & Co. said it replaced 2 million payment cards after the breach of consumer data at retailers including Target Corp.

Heartland Payment Systems has partnered with AJB Software Design to offer security-related technology and services.

Bad-debt classification practices across Europe show "material differences that, if not considered, would severely affect the consistency and credibility of the exercise," according to a European Central Bank document obtained by Bloomberg News.

Credit unions across the nation are moving up their EMV conversion timelines, considering more class action lawsuits against Target Corp. and calling on Congress to create rules requiring greater payment data security from retailers.

Swift, the financial messaging service, is creating a global Know Your Customer (KYC) Registry, a centralized location to collect and share information to help banks vet the risk posed by other banks that handle transactions for corporate clients.

Linking loyalty to payment cards, especially through cobranded products, is a relatively new practice that retailers say helps them target offers to their best customers.

Neiman Marcus Group Ltd. said Jan. 10 that some unauthorized purchases may have been made with customer cards, the second retailer after Target Corp. to be struck by hackers during the important holiday season.

SmartMetric Inc. is launching a Bitcoin card protected with biometric fingerprint authentication. The card can be used as offline storage for bitcoins, but in the future it might also be used for payment.

MasterCard's recent commitment to its U.S. EMV-chip card migration timeline is only one piece of the puzzle. Now, all eyes are on Visa to see if it will support or counter its rival's move.

Target Corp., the second-largest U.S. discount retailer, cut its U.S. unit’s fourth-quarter forecast and said the recent security breach affected more people and more information than previously thought was taken.

PulseWallet, a biometrics payments provider, is again touting its payment and authentication device, but it must overcome a sudden emergence of competitors that is also trying to breathe life into an idea that has had spotty success in the market.

JPMorgan Chase is seeking a buyer for its corporate payroll, tax refund and health-savings prepaid card business.

American Express Co. said it's appealing a federal judge's order approving Visa Inc. and MasterCard Inc.'s $5.7 billion settlement that ended years of litigation with U.S. merchants over allegations that credit-card swipe fees are improperly fixed.