Analytics

The Senate approved a key cybersecurity bill Tuesday after several days of debate on the chamber floor — and several years of lobbying by business groups, including bankers.

U.S. merchants, card issuers, and payment processors are beginning to switch over to EMV. However, there are frequent reports that large numbers of U.S. merchants are not ready.

Consumers still aren't eager to make payments from their phones, despite the immense security boost mobile wallets provide through encryption, tokenization, dynamic account data and biometrics. So MasterCard is taking these technologies and hiding them in other products.

The bank owners of the clearXchange payments network and the Early Warning risk management service hope that by combining the two programs, they can remain in control of technologies that will become core to mobile commerce.

Nok Nok Labs has expanded its suite of payment authentication services for the Fast IDentity Online Alliance infrastructure, adding one-touch biometrics, out-of-band authentication and measures to address friendly fraud.

United Services Automobile Association, which serves members of the U.S. military and their families, told customers it’s dropping its partnership with MasterCard Inc. in favor of Visa Inc.

Last week U.S. House Small Business Committee held the second part of a hearing entitled “The EMV Deadline and What it Means for Small Businesses,” which was supposed to address payment security in the United States.

From mobile wallets to machine learning, from biometrics to Bitcoin, many examples of what the industry calls "emerging technology" have finally emerged. But change is happening slowly, as is usual in the complex financial services space.

Target, by all accounts, the corporate face of retail data breach, is driving full force to use its complete embrace of EMV to bolster its tarnished image and put it in the vanguard of card fraud protection and data security. And it is targeting one of the biggest sticking points to EMV: user adoption.

Adyen wants fraud-detection software to learn from its mistakes, but it also wants a system that can teach the user about why it is reaching certain conclusions.

American Express Co., the credit-card issuer grappling with the loss of its biggest partner, posted third- quarter profit that missed analysts' estimates as expenses rose and revenue declined.

Combing through data to find people who’ve paid for something twice or left their cash at the ATM helps the bank build goodwill with customers, says analytics chief Christian Nelissen.

MasterCard plans to add its tokenization service to the MasterPass digital wallet to boost security for online and in-app purchasing.

October 1 marked the dawn of a new era in the U.S. payment card marketplace. While there are not yet rules from the card brands that demand all parties utilize EMV technology, the financial liability shift is a significant first step across a line in the sand that cannot be erased.

Discover Financial Services, the credit-card issuer that's expanded to student lending and unsecured personal loans, posted profit that beat analysts' estimates as the firm bought back about 8 million shares of stock and provisions for loan losses declined.

Visa Inc.'s CyberSource has launched an analytics tool called Decision Manager Replay that allows merchants to assess their online fraud management and detection strategies based on data intelligence.

With the EMV liability shift having just passed, banks and merchants alike are scrambling to comply with the card network-imposed deadline.

With EMV cards fighting counterfeit fraud at the point of sale, Gemalto Inc. says the timing is perfect to launch a payment card with a dynamic verification code to provide a similar improvement to e-commerce security.

WEX has agreed to acquire fleet card provider Electronic Funds Source in a stock-and-cash deal.

The fleet card provider WEX has agreed to acquire software-as-a-service technologies provider Benaissance.