Analytics

"A burglar cannot rob 300 homes in one night, but a cybercriminal can attack 300 mobile devices at a time," said Dr. Markus Jakobsson, principal scientist, consumer security at PayPal.

Consumer delinquencies in the first quarter of this year improved in 10 of 11 categories - including bank cards, personal loans and auto loans - but the trend may slow through the rest of the year, the American Bankers Association reported Tuesday.

U.S. Bank will pay $55 million to settle overdraft litigation against it, according to a filing in Southern Florida U.S. District Court.

Regulators are cracking down on payday loans, and that could give banks an unprecedented edge in the business.

American Express plans to begin issuing secure chip cards in the U.S. this year, and it has released a timeline for merchants to follow in accepting those cards. Like every other network's roadmap, Amex sticks closely to the plan Visa announced last August.

Merchants may feel overwhelmed at the abundance of new payment technologies, and they are understandably worried about investing in the wrong one. Terminal vendors are hoping to address those fears.

Despite constant calls to action, U.S. credit card issuers may still be too complacent about card fraud — even as the fallout from massive data breaches snowballs.

Severely delinquent balances among first mortgages are declining, according to Equifax's May National Consumer Credit Trends Report.

When Global Payments last March revealed it had suffered a data breach, executives at tokenization vendor Protegrity began what amounted to a verbal campaign calling for fraud liability to shift to processors. Elavon must have thought Protegrity was onto something.

For small merchants, the annual compliance questionnaire for the PCI Standard has become increasingly complex. First Data hopes to make the process simple again by using technology.

JPMorgan Chase's Chase Paymentech has begun supplying retailers and other merchants with new terminals that can accept payments from smartphones and cards embedded with computer chips.

Consumer confidence fell in June for the fourth straight month as fears about jobs and the greater economy trumped relief at the gas pump and a boost in the housing market, according to a private research group.

PNC Financial Services Group has agreed to pay $90 million to settle a class action relating to its overdraft protection practices.

Fraudsters are taking their attacks on banks and payment companies to alarming new levels using automation and cloud-based servers, according to a new report from Guardian Analytics and McAfee.

That the card brands and security vendors increased their number of technology patent filings in the wake of a major credit card data breach in 2007 is no coincidence.

PayPal Inc. announced a 'bug bounty' program, an update to the process it uses to solicit bug reports from security researchers.

Positive credit card charge-off trends resumed during May as the average charge-off rate for credit card receivables in securitized trusts fell, reaching its lowest point since October 2007, Moody's said June 22.

Views appear mixed on whether PCI compliance matters with mobile payment dongles, but one independent sales organization says adherence to the data-security standard is a no-brainer.

A new TransUnion study reveals that consumers who received mortgage modifications outperformed those who did not on new consumer loans that were opened after their initial mortgage delinquency.

MasterCard, with a headcount of 6,700, is taking some of its cues in mobile payments from the likes of PaidPiper, a six-month-old company with just 10 employees. The card network is relying in part on ideas from the start-up to design its software tools for developers in mobile payments.