Analytics

Fraud from organized crime and hackers may attract the spotlight from payment companies and security vendors, but issuers and merchants consider friendly fraud the main nemesis.

Online gambling is like gun shows and weed—legal and very lucrative, though with enough regulatory baggage that most service providers are reluctant to go near them.

There is a different feel to the troubles American Express faces today, mainly because its lost Costco relationship represented what might be one of the last of its kind — a deal in which a large retailer gives exclusivity to a certain card brand and tells customers how to pay.

Data indicating a sharp rise in e-commerce fraud attacks since the first EMV installations at the point of sale in the U.S. is not yet available, but fraud's shift to the digital landscape and its favorite targets is apparent.

President Obama on Wednesday named Thomas Donilon, the former national security adviser, to chair a special commission to develop a long-term cybersecurity strategy.

Only 37% of U.S. merchant locations are fully equipped for EMV card acceptance, narrowly missing a projected 40% rate of deployment predicted by management consulting firm Strawhecker Group, according to research it published Wednesday.

Web standards developer W3C has launched a Web Authentication effort aimed at replacing the use of passwords for log-ins with more secure authentication methods.

The speed required by omnichannel commerce extends not only to payments and processing, but increasingly, also to vetting, registering and onboarding new users.

The Electronic Transactions Association released its updated Guidelines on Merchant and ISO Underwriting and Risk Monitoring last week, spotlighting various merchant categories that face the biggest scrutiny from law enforcement agencies.

It has been difficult for the card brands' 3D Secure technology to find a following in the U.S., in part because of a lack of awareness, and in part because of the consumer friction the authentication process has caused in the past.

In comparison to the countries that have already implemented faster payments, the U.S. market contains a far larger and more diverse array of financial institutions that would have to implement the system in order for ubiquity to be achieved.

Community bank executives need to focus on these three areas in order to embrace change and cater to younger, tech-savvy customers.

By now, many merchants should be wondering if they made the right decision by failing to act before last fall’s EMV liability shift.

Disruption in credit scoring is healthy, but the new models touted by marketplace and other alternative lenders are still untested, especially about how loans will perform in a downturn.

The cloud and Internet of Things may excite the payments and technology industries, but they are a source of mounting pressure for in-house data security professionals.

Hardware security modules have long been a staple in payments network security, but increasing transaction flow and coding in the mobile and digital age can create data bottlenecks with current technology.

Since payment fraud involves many different types of activity the best way to identify suspicious patterns is to integrate disparate data sources, and cross check data from multiple angles.

Some say the U.S. payments infrastructure is a prime target for government-sponsored cybercriminals. But the aged and fragmented nature of our infrastructure could, for once, work in its favor.

Anti-Money Laundering (AML) payment risk is making onboarding very complex, though artificial intelligence (AI) is rapidly maturing and can help.

EMV certification provider Fime is providing validation for chip-based RuPay cards in India to comply with National Payments Corporation of India requirements.