Data security

Banks continue to gather ID documents manually from would-be customers, even ones who sought to open accounts online. Bringing the manual process into the digital age is the goal of several startups.

Replacing gas pump hardware is a big, disruptive move for any fuel seller, but with the sector's EMV liability shift only a year away, more companies are facing the inevitable.

Cloud-based technology is bringing mobile shopping and payments to more companies, but it also increases risk due to the complexity of how these more open and remote technology tools get used.

In order to successfully and scalably combat card-related fraud and digital payments hacking, organizations need to rely less on standards like EMV and PAN/PRN, and recognize today’s currency is no longer just about money.

There's no tech solution in the world that can prevent cybersecurity attacks. To mitigate risks, however, banks can apply four controls after they first determine their risk tolerances.

Troy Leach, chief technology officer for the PCI Council, sat down with PaymentsSource to reflect on the council's performance to date and where it is headed in the coming years.

Mixed messaging on fin tech doesn't just emanate from the halls of Congress. It can also be found at the regulatory level as well.

Regulations proposed by New York State regulators provide stricter and more specific guidance than banks have received from the federal agencies, especially in areas like data encryption and multifactor authentication.

Even with advanced technology, fraudsters need a lot of help to get their hands on secure payment or personal data. One in five businesses apparently are unwittingly providing that help by not performing any security testing, according to new research.

When a mobile banking vendor told a San Antonio Federal Credit Union it didn't have the capabilities it wanted, the institution took a note from Facebook's strategy with Messenger and created a companion app.