Analytics

The masterminds behind the recent crime spree that netted $45 million in fraudulent ATM withdrawals focused their attention on prepaid cards, highlighting yet another risk banks face when offering such products.

The U.S. Government has charged eight people in a cyber-scheme that prosecutors say used stolen prepaid debit card data to drain millions of dollars from two banks in a matter of hours.

As state and federal regulators sharpen their focus on mobile cramming, some wireless carrier advocates question whether the issue of unauthorized third-party is a growing problem for carrier-billed mobile payments.

Providing information about credit-based insurance scores and their benefits increases consumer acceptance and support for their use, according to results of a national survey released by TransUnion.

Alaric Systems Ltd. will add myPinPad software to its card-not-present security offerings for payments service providers.

Revel Systems Inc. is launching a system that adds security to swiped card payments by displaying the accountholder's photo on its iPad-based point of sale terminal.

Mortgages at least 30 days delinquent or in some stage of foreclosure fell to 5 million in March, down from a peak of 7.7 million in January 2010, according to Lender Processing Services.

Coface Collections North America Inc. has completed the process to become certified by the International Association of Commercial Collectors.

E-commerce company LivingSocial revealed last week it endured a data breach in which attackers accessed its users' encrypted passwords. And even though no payment data was exposed, cardholders should still be concerned.

Large bank CEOs rake in far more than their small bank peers, but large bank CEO pay represents a small fraction of total payroll expense.

The median increase in CEO pay was brisk at 11% in 2012, but slower than the median 16% increase in 2011. Click on column headers to sort.

The Consumer Financial Protection Bureau (CFPB) has changed parts of the CARD Act that the bureau said was making it harder for some "stay-at-home parents" to get credit cards.

Many companies in the payments industry have strong, influential women as top executives. These women rarely had a clear path ahead of them when they started out.

Vindicia, a subscription billing service, is teaming with U.K.-based processor SmartDebit to provide "customer-not-present" payment technology.

New York Gov. Andrew M. Cuomo announced Thursday that his office has asked credit scoring and reporting bureaus to take immediate action to stop lowering credit scores for Superstorm Sandy victims.

Capital One and two of its executives on Wednesday were accused by federal regulators of understating millions of dollars in auto loan losses.

Debt levels for Canadians rose slightly in the first quarter ended March 31 but the rate of 90-day delinquencies dropped by 13.4% from a year ago to a record low 1.2%, according to a report from Equifax Canada.

Iceland's Supreme Court ordered Valitor hf, the Icelandic partner of MasterCard Inc. and Visa Inc., to process card payments for anti-secrecy website WikiLeaks within 15 days or face daily penalties.

A consumer watchdog group in Canada is speaking out in support of the major card brands in response to an argument brought by the country's Competition Bureau on behalf of retailers.

American Express Co. is issuing EMV chip-and-signature cards to its corporate card customers in the U.S. starting in the first half of 2013.