David Heun

Banks should promote NFC as a standard at the retail level because it represents their best chance to maintain relationships with merchants and provide payment credentials to consumers, Zil Bareisis, a senior analyst for Celent, writes.

M&T Bank has developed an anti-skimming device, appropriately called the Blocker, to prevent card theft at its ATMs by making fraudsters' tampering blatantly obvious.

Citing steady international growth and earnings from increased debit network fees, First Data delivered a 3.8% increase in third-quarter consolidated revenue.

VeriFone is continuing its push into the retail mobile-payment market by acquiring Global Bay Mobile Technologies, a private mobile retail software provider, the payment-terminal maker announced Tuesday.

In interviews with 32 North American financial institutions, Aite Group analysts find they struggle to balance online banking fraud prevention effectiveness with intrusiveness.

An increase in transaction volume and new accounts fueled a small increase in third-quarter revenue for TSYS, the company announced Tuesday.

Tagattitude's TagPay uses sound waves to securely transmit payment information without the need for a near-field communication chip. The French company's sound-based system generates dynamic data that is unique to each transaction.

Any card-acceptance device can be tested and approved for eligibility to use advanced encryption under an update to the PIN Transaction Security program — even if those devices do not accept PIN transactions.

With e-commerce becoming a bigger target for payment data theft, Global Payments is adding another set of fraud-detection tools to help its merchant clients fight back.

NCR Corp. has signed a deal with PayPal Inc. that will allow consumers to make person-to-person payments through ATMs.

To thwart fraud attempts at the earliest stage of a transaction, Turkish Airlines is linking its website to fraud monitoring services from Visa's CyberSource.

With growing country risk, a single European payment system becomes less appealing.

The payment processor Planet Payment Inc. is delaying the release of its financial results for the first half of 2011 as it considers a change in the way it will report future revenue.

Commercial banks with large corporate clients have no room for error in guarding against attacks. Any crack in a bank's security can make it look like it has no security at all.

Card association will allow European Visa cardholders to send money to each other by phone.

Customer credit card data was not endangered during last week's security breach of a small portion of websites hosted by GoDaddy.com Inc., a company executive says.

The GoDaddy.com website makes no mention of the data breach that hit the Web hosting provider, but a picture is coming together on how 445 of its hosting merchant accounts were affected.

When looking for fraud, merchants and card issuers typically see only their half of a customer interaction, and getting useful data can be like listening to one half of a phone call. A London payment processor seeks to change this by giving both players the full conversation.

If a merchant plans to use advanced data encryption as a credit card data security measure, the Payment Card Industry Security Standards Council now has some guidelines for how best to go about it.

Merchant terminal maker just finished third quarter of 20%+ revenue gains.