Analytics

The CFPB's semi-annual report to Congress will highlight some of the bureau's new responsibilities, such as taking on authority over large collection agencies and credit-reporting firms.

Eighteen states and the District of Columbia have legalized medical marijuana, and some dispensaries enjoy millions of dollars in annual sales. However, such establishments may not be ideal clients for ISOs unless they and their sale agents exercise caution, say those who work with the medical marijuana industry.

Consumer sentiment rose to its highest mark in five years as a result of the rebound in housing and record stock prices - both of which are helping make Americans more confident the expansion will continue.

There's a lot payment companies can lean from downfall of the Pony Express, according to Brett King, founder of the financial services startup of Moven.

The Federal Trade Commission on Friday released a statistical survey of fraud in the U.S. during 2011, which showed that an estimated 25.6 million adults – 10.8% of the adult population – were fraud victims.

If there's a sliver of good news to come out of the data breach affecting an estimated 2.4 million payment cards at St. Louis-based Schnucks grocery store chain, it's that the card data didn't come attached to a loyalty program.

Possibly viewing Bitfloor, a popular Bitcoin exchange, as a risky money transmitting business, Capital One Financial Corp. has closed the exchange's bank account, prompting Bitfloor to halt operations. The incident may portend a growing wariness of businesses that handle virtual currencies.

Utimaco Safeware on April 23 plans to launch new security technology that uses open development techniques to protect parts of payment transactions.

The card networks are reporting strong progress among issuers and acquirers in the U.S. migration to EMV-chip cards, but many retailers are still lashing out against the expectation that they upgrade their point of sale hardware.

The Deloitte Consumer Spending Index edged lower in March, but has been steady with a reading of more than 4.0 the past five months. The Index tracks consumer cash flow as an indicator of future consumer spending.

American Express, in naming Edward P. Gilligan as president, rewarded the executive's three-decade career with the company and filled a spot that was vacant since Alfred Kelly left the position in early 2010.

The Consumer Reports Index, a measure of Americans’ personal financial health, showed that consumers’ lethargic outlook is taking a toll on retail spending.

MasterCard will vet all Maestro card transactions at U.S. ATMs with fraud-screening software to alleviate the concerns of ATM owners who are not prepared for the card brand’s April 19 liability shift.

A dramatic dip in the value of Bitcoin is not fallout from a distributed denial of service (DDOS) attack, said Tokyo-based Bitcoin exchange Mt. Gox in a Facebook post overnight Wednesday. But there was indeed a DDOS attack.

Experian revealed that fraudulent applications for accounts in the United Kingdom dropped sharply in 2012.

If you're looking for Swedish cash, don't go to a Swedish bank. Most of the country's biggest lenders have stopped manual cash-handling services in 65 percent to 75 percent of their local branches. They say cash is out as Swedes rely on credit cards, the Internet and mobile phones to make all their payments.

EMV smart-card migration preparations in the U.S. will take on a more serious tone when the responsibility of covering fraud losses begins to shift.

Coinbase, a startup that helps merchants accept the digital currency Bitcoin, apologized Friday for a lapse that resulted in customers' email addresses being publicly displayed.

Baseball players are told from an early age to keep our eye on the ball. In credit card banking, we should be told to keep our eye on the "spend."

The ongoing adoption of the EMV chip-card standard in the U.S. means credit and debit card issuers will have to consider new factors to offer the cards at their branches.