Analytics

Encryption has become a political hot potato for the Payment Card Industry Security Standards Council as it compiles a list of validated encryption vendors and services — and leaves off some companies that say they deserve to be recognized as secure.

This week's White House Summit on cyber security at Stanford University comes at a pivotal time for payment and security professionals, which have an opportunity to cooperate to fight Internet crime.

U.S. gas stations can wait until October 2017 to begin accepting EMV-chip cards or face the consequence of an increase in fraud liability, but there's already concern that the work at gas pumps could stall.

In the year since Barak Eilam took over as chief executive officer of Nice Systems Ltd., the company topped $1 billion in revenue and the stock hit an all-time high. Analysts say more records are in store.

National Recovery Solutions, a Lockport, N.Y.-based accounts receivable company, has increased online payments by 25% and reduced delinquencies by 40% in less than a year by adding a Virtual Negotiator to its debt collection team.

Discover, the only major U.S. card brand not connected to Apple Pay, is thus one of the few major credit card issuers not shoehorning Apple into its ads. But Discover has never been one to ignore a marketing opportunity.

A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay with a credit card.

New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.

Supporters of the moves to enhance the availability of low-down-payment loans deny that the industry is taking on too much risk as a result of those moves as some critics claim.

Deployments of biometrics are usually fairly challenging, but Apple has demonstrated through its Touch ID fingerprint system that it can scale a consumer biometric technology quickly. London-based ValidSoft predicts it can do the same for voice biometrics by using the microphone built into most consumer gadgets.

Efforts to apply biometric security to payments have reached the fraud-prone remittance market, as Touch ID takes hold for both incumbents such as Western Union and upstarts such as Xoom.

The Consumer Financial Protection Bureau is seeking to permanently ban a credit provider in Texas from offering any services because of allegations that it ran a "sham credit card" business.

Acquirers are being encouraged to alert merchants to a new remote malware attack called "Ghost" that allows hackers to take over a network.

The U.K. is rapidly becoming a target for payment crime, with malware on the rise and the country poised for fraud spikes as crooks abandon EMV-protected terminals to target the more vulnerable e-commerce channel.

Small business alternative lender Biz2Credit has added Fortis Payments to its roster of payment partners.

While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.

Green Dot Corp. plans to start offering credit lines to its customers, a move that likely foreshadows how new regulations will reshape the prepaid card industry.

Visa Inc., the world's largest payments network, posted fiscal first-quarter profit that beat analysts' estimates as card spending increased.

Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years.

Peer-to-peer and institution-to-small business loan marketplace Funding Circle launched a new fractional loan marketplace today, the San Francisco company announced.