Analytics

Mankind’s standard device for remembering, and ultimately accomplishing, tasks at hand may forever be the “to-do list.”

By joining a new anti-phishing coalition this week, Bank of America Corp. is maintaining a leadership position it has held for several years in the battle against cyberthieves who target online and mobile-banking users. But this is one small step and the battle is by no means over.

MasterCard Worldwide didn’t come right out and say it, but the card brand is encouraging U.S. issuers and merchants to embrace chip-and-PIN technology as part of a migration to the EMV smart card security standard in the next three years.

WASHINGTON–The Federal Deposit Insurance Corp. alerted its banks Jan. 31 of heightened risks from working with payment processors.

The video-game industry is amping up its defenses after hackers penetrated numerous payments systems last year.

As preparations unfold for the U.S. payment system to convert to smart cards, merchants across the country would prefer to see a clearer process established to reach that goal.

The high costs and reputational damage caused when breaches expose sensitive customer information appear to be having little effect in persuading many companies to protect their data.

Even with small gains in three out of four components, the Deloitte Consumer Spending Index fell slightly in December because of a decline in housing prices.

To skeptics, fraud dangers lurk around every corner in the online shopping world.

Australia’s hotel industry association is warning consumers of a new credit card scam targeting major hotel chains operating in the country.

A strong holiday shopping season appears to have led some Americans to delay extra debt payments in December, but despite an end-of-year slowdown all 50 states ended the year with less credit card debt than when the year began, according to a recent report issued by CreditKarma.com.

Voice biometrics has had its share of starts and stops as a fraud-prevention and personal authentication tool in the past decade. Experts who note a person’s voice has more than 100 unique characteristics compared with only 40 for a fingerprint see the added value in voice biometrics as defense for card-data security.

Mortgage and home equity lines of credit delinquencies are predicted to rise, according to bank risk executives polled by the Professional Risk Managers' International Association, in a survey sponsored by FICO.

The dollar volume of online fraud rose last year, but actual incidents of fraud dropped, according to a report released Jan. 24 by CyberSource Corp., a unit of Visa Inc.

A new report from Experian points to improvement in business performance in most categories in the fourth quarter ended Dec. 31 compared with the previous quarter.

The city of Franklin, Tennessee wants to hire a collection agency to help chase outstanding fines and court costs.

Relentless organized crime rings are launching increasingly sophisticated cyberattacks to steal online consumers’ personal or payment card data. And these attacks come as no surprise to those tasked with preventing fraud because “organized” suggests plenty of collaboration or partnerships to plot crimes.

Releases of allowances for bad credit card loans continued to plump banks' bottom lines in recent earnings reports, but loss rates look set to bounce off record lows in the first quarter.

If there is a silver lining to the Zappos Retail Inc. data breach, it may be that more merchants, including the shoe-marketing giant, have taken key steps to prevent thieves from stealing customers’ full credit card account numbers, which will blunt potential losses.

If financial-services companies have any reservations about being appointed the front-line enforcers for copyright protections under proposed anti-piracy legislation, now would be their time to strike.