Analytics

Some critics see banks' innovation labs as wasteful, unapplied research, but Wells Fargo has embraced the trend by establishing six such labs, a so-called accelerator program and now an innovation group. The bank's Steve Ellis explains its rationale.

Discover Financial Services is ready to take a few steps — measured, tentative, exhaustively analyzed steps — down the credit spectrum, its chief executive said.

PayPal's gotten off to a rousing start as an independent company, but Visa CEO Charlie Scharf doesn't appear to be worried.

Wells Fargo tapped the head of its wholesale services unit to lead a new research and development division.

Student Financial Aid Services Inc. is accused in a complaint filed Thursday by the Consumer Financial Protection Bureau of charging families for help in filling out the Free Application for Federal Student Aid.

When a country migrates to EMV chip cards to improve its security, the fraudsters will move to another channel, but not necessarily another nation.

Discover Financial Services in Riverwoods, Ill., continued its run of quarterly profit declines in the second quarter, due primarily to higher costs for compliance, marketing and customer rewards.

Amex will terminate its agreement with Costco in the U.S. next year, a relationship that accounted for 20 percent of Amex's worldwide loans and 8 percent of customer spending.

As more point of sale terminals include connections to the Internet and customers' mobile devices, payment companies may need to consider themselves in an "Internet of Things" environment — with all of the risks that implies.

When a cyberthief attacked Ashley Madison — a dating website for cheaters — with the stated goal of demonstrating that the site’s mechanism for deleting customer data didn’t work, it sent a signal that should be heeded by any company that handles sensitive data.

Data breaches happen so frequently these days that many consumers have “breach fatigue.” However, the threat does not die when public interest does. Stolen data moves faster than breaches can be detected, heightening the risk for merchants.

Apple Inc. showed how to combine biometrics and tokenization in a mainstream product, and now companies of all sizes are working to build on this combination.

Ashley Madison, an online extramarital dating service that claims to protect users’ privacy and security, has had its customer database compromised.

E-commerce fraud management platform provider Ethoca has raised $45 million in investment after significant growth last year.

As China loosens restrictions on international commerce, foreign merchants bringing their operations to China may be unprepared for the types of fraud they encounter.

Some rules are black and white, which is why Sift Science has added the ability for clients to integrate automatic rules on top of its machine-learning fraud detection system.

Biometrics are a catalyst to streamline authentication, though the technology contains a vulnerability that Payfone thinks it can solve with the SIM cards that match consumers to a computing device such as a smartphone.

Discover Financial Services has certified payments testing software provider Acquirer Systems to provide EMV service for its customers in U.S., Canada and Mexico.

Any merchants or businesses handling payment and other sensitive data while using a Windows Server 2003 network will need to take precautions when Microsoft ends it support for that platform on July 14.

Hershey Entertainment and Resorts' payment systems were infiltrated earlier this year, potentially exposing cardholder data, the entertainment and resort company disclosed July 10.