Analytics

More financial institutions are working to issue EMV chip cards while merchants are dropping bills to install the proper terminals before certain liability-shift deadlines arrive. But as this transition finally reaches consumers, some may adopt habits that negate the benefits the EMV standard provides.

MasterCard updated its Smart Data offering to help business owners save money by improving their visibility and access to analytics.

Wells Fargo is offering its retail customers free access to their credit scores between now and Nov. 15.

Total consumer borrowing rose $18.1 billion in August compared to a month earlier with strong gains in credit card debt and the category covering auto and student loans.

More than 1,000 families who were victims of a company accused of illegally siphoning from child support checks could be seeing their share of a settlement with the state of Virginia.

Wells Fargo is offering its retail customers free access to their credit scores between now and Nov. 15.

Consumer loan delinquencies dropped to their lowest mark in nearly six years during the second quarter as households favored debt service over spending increases, according to the American Bankers Association.

Prosper Marketplace, the online peer-to-peer loan facilitator, announced Oct. 3 that it hired Josh Tonderys, a former executive at Barclaycard US, to be its chief risk officer.

A brighter outlook for overall business conditions and hiring bolstered consumer confidence to the highest mark since February, according to The Conference Board.

Bankers “wake up in the middle of the night” worrying about data breaches in the U.S. payment system, a Citigroup executive said this week.

Credit card indicators are looking good, with August numbers showing charge-offs decreasing for most asset-backed securities trusts.

Home builders are buying up more land in anticipation of a stronger housing market, leading them to take on more debt.

Credit card borrowing in August dropped from a year earlier in cities that endured some of the biggest declines in home prices, according to Equifax Inc.

Voltage Security is working with the payment processor Mercury Payment Systems to expand the latter's data encryption while helping its partners and merchants comply with Payment Card Industry data security standards.

In an examination of 3.4 million four-digit passwords, the tech consultancy DataGenetics determined that users choose the PIN "1234" nearly 11% of the time.

NBS Technologies, a provider of equipment for card personalization, is installing Xpressi Trusted Service Manager for a customer in Europe in early October.

A group of state attorneys general is investigating how major banks process and sell delinquent credit card accounts.

Demand for consumer credit increased as the overall risk inherent in the credit-using population fell, according to TransUnion.

Foreclosure filings were reported on 193,508 properties in August, a jump of 1% from July but down 15% from August 2011, according to RealtyTrac, an online marketplace for foreclosure properties.

The PCI Council is likely to benefit from the heightened awareness around ATM security, particularly MasterCard's push for EMV chip-card acceptance at ATMs, as it seeks feedback on its ATM Security guidelines.