Analytics

Plenty of card issuing institutions have not fully implemented the EMV technology and will not be ready by the card network-imposed October liability shift.

After a number of high profile security breaches in the past couple of years, consumer trust in the payments system is more fragile than ever.

In two recent overseas incidents, payment companies redefined "security" to suit a specific situation, rather than keeping it the constant that their customers expect.

With the breach threat showing no signs of slowing, security companies are rapidly broadening their systems to simultaneously fight identity fraud stemming from clients' consumers and employees.

Bluefin Payment Systems is making point-to-point encryption available to large merchants that use Heartland Payment Systems as a processor, a key move as U.S businesses grapple with the migration to chip cards.

It would have to be a payments network's worst nightmare — shutting down because of technical problems during its merchants' busy Valentine's Day weekend.

The theft of 80 million healthcare records will cost Anthem Blue Cross more than $100-million, and payment companies are also under threat since the incident may result in a spike in false card accounts.

MasterCard is testing whether the time is finally right for biometric authentication to take over as the standard of customer-facing security.

When it comes to mobile banking technology firm Digital Insight's new replacement for passwords, the "eyes" have it.

BBVA Compass is planning to issue a new credit card in partnership with American Express and the National Basketball Association.

Paying for goods and services over the Internet in a variety of ways, from directly keying-in card details on ecommerce sites, to using online wallets, to paying with your phone, is more consumer friendly than ever.

Visa Inc. now supports mobile geo-location technology to reduce transaction declines when consumers travel outside of their home area.

American Express will certainly suffer when its 16-year cobranding deal with Costco ends in 2016, but its executives will spend the next year building up the card brand's digital payment products to create enough opportunities to ease the company's short-term pain and guarantee its long-term health.

Top executives from Bank of America, U.S. Bancorp, American Express, Visa, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.

American Express Co., the biggest U.S. credit-card issuer by customer purchases, said its co-brand and merchant agreements with Costco Wholesale Corp. in U.S. stores will end next year.

ApplePie Capital, a new marketplace lender that specializes in lending to franchises, has officially opened for business.

As e-commerce continues to grow, so does the business potential for fraudsters. And many common security measures aren't enough to solve the problem.

Fraudsters have taken to crowdfunding sites and other consumer-driven marketplaces in a new scheme designed to mask their use of stolen card data.

Mobile banking apps that allow consumers to proactively lock their debit cards, or limit their cards' use to specific scenarios, could shift the way banks manage fraud and even enable them to place some of the liability on the consumer.

PayItSimple USA Inc., which enables installment payments for merchants and consumers, has integrated with online payment processor Stripe.