Analytics

The Payment Card Industry Security Standards Council's participating organizations voted that third-party security assurance and best practices will be the two key areas for the PCI special interest groups to study in 2013.

The vast majority of small merchants are still storing unencrypted card data and most don't even know it, according to statistics compiled by a security vendor.

Consumer credit card delinquency rates set record lows in the third quarter while consumer mortgage defaults rose to near-record highs, according to a report from the Federal Reserve.

Rich Rezek, director of global product management for Retail Decisions, talked with PaymentsSource about the complex world that data security has become in the ongoing conflict with organized crime and petty fraudsters.

Visa is launching a new data security system, called the Visa Consumer Authentication Service, for issuers to use for online transactions.

It’s time for the acquiring industry to think about security in broader terms, a compliance and breach reporting vendor says.

The seasonally adjusted mortgage delinquency rate for the third quarter fell to 7.4 percent, erasing a jump from the previous quarter, according to the Mortgage Bankers Association.

Hurricane Sandy is likely to stir up credit card delinquencies in the next month or so, but performance remained strong in the batch of recent reports.

Inside Secure announced it will purchase Embedded Security Solutions from AuthenTec, a unit of Apple, before the end of the year.

FDCPA lawsuits are on track to finish 2012 down roughly six percent from the year-ago period, according to WebRecon LLC, a company that gathers the data from U.S. district courts.

The percentage of mortgages more than 90 days late or in foreclosure dropped in the third quarter compared with the previous quarter and year-ago period, according to the Mortgage Bankers Association.

As preparations continue for the migration to the EMV chip-card standard in the United States, payments companies must ensure that point of sale terminals are compatible with both card networks’ standards and the myriad card issuers on those networks.

Commercial bankruptcy filings slowed this year but are on track to be higher than the annual averages for pre-recession years. Experts say businesses must protect themselves from financially unstable partners.

Bitcoin enthusiasts, playing off the holiday tradition of Black Friday sales, held their own Bitcoin Friday last week, leading to a spike in Bitcoin transactions at some — but not all — participating merchants.

Banks suffering financial losses from writing off transaction disputes may lessen that blow with new ACI Worldwide Inc. software designed to automate what has been a time-consuming and costly process.

Small retailers still aren’t catching on to the Payment Card Industry data security standards, according to recent survey results.

Discover Financial Services’ Pulse PIN-debit network has joined the card brand’s EMV migration timetable, establishing requirements for point-of-sale acquirers and processors to handle smart-card payments.

Discover Financial Services will pilot Natural Security’s hands-free biometrics payment system at its Riverwoods, Ill., headquarters, the companies announced this week.

Longtime bank critic Elizabeth Warren won her fight for a Senate seat late Tuesday, marking the end of a grueling and expensive campaign.

Encore Capital Group Inc., a San Diego-based debt buyer, reported the successful closing of a $575 million credit facility.