Analytics

An FBI official said Wednesday that the volume of cyber threats the country faces has increased dramatically over the past decade — so much so that the agency is reaching out to bankers for their input and help.

Visa Inc. and Ethoca Ltd. have partnered in an effort to thwart online payment fraud attempts, which they expect to increase as the U.S. shifts to the EMV-chip card standard at the point of sale.

The Consumer Financial Protection Bureau released a report Tuesday on bank and credit union overdraft practices that raises concerns about whether the overdraft costs on consumer checking accounts can be anticipated and avoided.

Toopher and miiCard have partnered to provide faster authentication by tying location to user identity.

ThreatMetrix is drawing a clear picture of how big online card fraud is by marking each fraud attempt on a map as it happens.

Apple's one nod to payments during its keynote address at this year's Worldwide Developers Conference is its plan to store users' credit card info in a new iCloud keychain for online shopping.

The National Security Agency's PRISM surveillance program has sparked a major outcry over phone monitoring, but the less-publicized government accumulation of credit card and other payments data can provide far more granular intelligence, according to payments experts.

MasterCard will make the card network's Expert Monitoring Fraud Scoring for Merchants available to Kount's merchant clients.

Manufacturers of PIN entry devices have received updated Payment Card Industry security requirements.

The data security risk that accompanies the growth of electronic commerce can be met by surgical removal of the data itself, Chase Paymentech says.

If most data breaches occur because consumers and businesses fail to take simple precautions, EZShield wants to help cut down on those mistakes.

Bell ID plans to offer software that will improve the appeal of Near Field Communication technology as a contactless payments option and quell debates over who should control the secure element in a phone handset.

Law enforcement officials have arrested 11 people suspected in a $200 million global credit card fraud operation, according to the Serious Organized Crime Agency, a unit of the British government.

Some data breaches can't be prevented. But too many occur when data-storage companies fail to make use of "aggravatingly simple protections," a new Javelin Strategy & Research report says.

With the government cracking down on digital currency players such as Liberty Reserve and Mt. Gox, many ask whether it's a move to squash the development of virtual currencies and what action the government will take next.

Natural Security SAS hopes North America will be as receptive to its biometric payment authentication system as France is.

Consumer spending fell 0.2% in April, the weakest reading since May last year, according to the Commerce Department.

It's hard to build and maintain a false persona on social networks, and that's what makes sites like Facebook and Twitter such useful tools for controlling risk, says John Canfield, WePay's new vice president of risk management.

TSYS will provide payment processing for KeyBank's consumer credit card portfolio as part of a long-term agreement announced today.

With a data breach dispute between Visa Inc. and Nashville-based retailer Genesco Inc. heading toward a July 2014 trial, Visa lawyers are asking a federal judge to dismiss some claims in a lawsuit Genesco filed against the card brand.