Analytics

Fraud is eating 1.5% of the revenue from airline tickets sold online as merchants struggle to block criminals without making the purchase process too cumbersome for consumers.

A proposal by regulators to revamp the way banks must measure risk on certain assets is alarming many community bankers, who argue it will raise capital requirements, increase compliance costs and curb lending.

Bethpage (N.Y.) Federal Credit Union says an employee accidentally exposed personal information from 86,000 of its members’ Visa debit card accounts on the Internet, the issuer announced June 12.

Though last week’s announced breach of 6.5 million LinkedIn Corp. passwords may not have sent immediate shockwaves through the payments industry, data-security vendors warn that cybercrooks tend to have payment card and personal data targets in mind once they steal social network passwords.

Using someone’s characteristics or traits as an authentication tool has long been a successful method for screening access to highly secure government or corporate locations. But could the use of similar biometrics, considered by many to be a nearly fool-proof security method, ever find a significant–and lasting–presence in the payments industry?

The Consumer Financial Protection Bureau is probing whether the country's largest banks are party to discriminatory car loans, according to industry participants and attorneys.

Subprime credit card borrowers are on the move again, opening significantly more new accounts than they did during the recession as lenders ease up on their ultra-tight underwriting standards.

The biometric security company SmartMetric has secured an additional $1 million in funding from investors.

Corporations, not consumers, are coming under increasing attack from fraudsters reaping results from a bumper crop of information stolen in a wave of major data breaches within the past two years.

Consumer gloom about the economy appears to be putting a damper on credit card borrowing.

Sales of homes that were in some stage of foreclosure or bank owned accounted for 26% of all residential sales during the first quarter ended March 31 - up from 22% of all sales in the fourth quarter and up from 25% of all sales in the year-ago period, according to RealtyTrac's U.S. Foreclosure Sales Report. RealtyTrac is an online marketplace for foreclosure properties.

The CEO of ZooZ admits that he wasn't thinking of the prominent Zeus malware, which targets bank accounts, when he named his payments company. But he was absolutely thinking of security.

United Bank & Trust of Ann Arbor, Mich., has expanded its use of PhoneFactor to its business customers to help prevent fraudulent wire or automated clearing house transfers.

Analysts anticipate stable earnings in the year ahead for large-cap banks, despite fears over Europe that have cut into share prices. Analysts have also penciled in strong earnings growth for 2013 and 2014, though they've trimmed expectations for companies like JPMorgan, B of A and Citi.

How long can a good thing last? Write-offs of credit card loans already have plunged below levels issuers consider sustainable. Continued improvement in delinquencies points to a further dip in loss rates in the months ahead.

Tokenizing payment information and sending the data to the cloud can solve many issues for companies that accept payments, as long as the companies trust the tokenization provider.

In a scary new mobile-banking fraud scheme, criminals are tricking mobile network operators banks into swapping out the SIM cards in customers' mobile phones and using illegally obtained data to drain a victim's funds from bank accounts.

First Commonwealth Financial Corp., of Indiana, Pa., thought it had done a pretty good job.

SecureKey Sees Investment Capital As A Boost For Online And Mobile Software Rollouts

Thieves know: there's money in credit cards. Credit card numbers are still the hottest items stolen in data breaches, far surpassing debit card numbers and Social Security numbers, according to data from Javelin Strategy & Research.