Analytics

PayPal's decision to buy its mobile-pay tech partner Card.io sheds light on how the smaller company's technology is shaping the world of mobile payments.

Inaccurate data that finds its way into the global banking payment process creates "hidden costs" of hundreds of thousands of dollars for banks, corporations or large retail businesses.

Credit card issuers may be able to target their marketing better through a new Equifax prospect-scoring model that identifies the consumers most likely to open an account.

Visa and MasterCard, in a drive to tip the scales in favor of card issuers over merchants, have established policies over the years that have led to tens of billions in costs and losses through litigation settlements and legislation.

The Olympics has long been a showcase for sponsor Visa Inc., but the card brand has much more at stake than usual at the 2012 London Olympics because of the mobile-payment initiative it plans to undertake during the event later this month.

A France-based firm that certifies handsets for Near Field Communication payment applications is betting heavily on the technology becoming the dominant mobile-payment standard.

Credit card debt nationally fell 8% to $5,576 since the beginning of the year, according to CreditKarma.com's U.S. Credit Score Climate Report for June.

If crooks find it too difficult to penetrate fraud-prevention layers protecting online merchants, corporations or bank accounts, they revert to “old-fashioned” fraud methods aimed at easier targets.

An Oklahoma City law firm paid $600,000 to settle a lawsuit filed by the Federal Deposit Insurance Corporation, according to U.S. District Court records.

If a Qualified Security Assessor tests–and passes–a business for payments security compliance, that business may feel it could rest on its laurels.

Balance is a term we frequently hear to describe something worth achieving: work/life balance, a balanced diet, balance of power, a balanced budget. Right now the financial industry is seeking balance, particularly when it comes to risk.

A small legal case in Southern Maine could spell big trouble for banks, particularly because it suggests that even strong electronic security doesn't necessarily build a shield large enough to keep either crooks or plaintiffs away.

At first, Google seemed to have all of the necessary ingredients for a mobile wallet and Isis had the uphill climb of convincing banks to agree to a system designed by a group of telcos. Isis now has several top banks firmly behind it, but it faces many challenges as well.

ATM industry players are reluctant to embrace the EMV secure card standard, according to a survey from the ATM Industry Association.

Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.

Apps on Apple's iTunes store are vetted at length to make sure they are safe for users and comply with rules set by Apple. In a rare instance, something malicious seems to have gotten through this process and onto users' phones.

As Facebook and Google work to become trusted names in payments, fraudsters are quick to exploit that trust.

The Twitter account @NeedADebitCard shames people who post photos of their debit cards online — but as anti-fraud systems advance, how much danger is there from these photos?

Private-label credit card portfolios haven't looked so healthy in years, at least in terms of credit quality.

Mobile devices can be used to add a second factor of authentication for bank accounts, but they can also be an easy factor for fraudsters to misuse.