Data security

In the payments industry, tokenization is often portrayed as a new or futuristic security method, better suited for the world of mobile wallets than the era of magstripe cards. But SeatGeak decided early on to make it a cornerstone of its mobile commerce experience.

Wells Fargo and Tangerine Bank are among those trying new communications tools that bring human conversations back into the channels where people bank by swiping and tapping.

New requirements and guidance from the Payment Card Industry Security Standards Council will be released to merchants in April, which is about six months earlier than its normal update cycle.

The Consumer Financial Protection Bureau on Wednesday ordered online payment processor Dwolla Inc. to pay a $100,000 fine for deceiving customers about its security practices — the first action it has taken related to data security.

With tighter security in the online and mobile channels, fraudsters are turning their attention to vulnerable contact centers, conning eager-to-please phone service reps into coughing up customer information or letting them reset passwords on other people’s accounts.

The U.S. migration to EMV chip cards has been rough, according to U.K.-based Creditcall, which hopes its new certification from First Data can smooth things out.

Cybercriminals and hackers are increasingly targeting people, and not just technology, in an attempt to breach financial institutions.

Capital One Financial in McLean, Va., has added Amazon's former chief information security officer to its board of directors.

Several major announcements took place at 2016's Mobile World Congress in Barcelona, but just as much activity was happening outside of the event. These big reveals demonstrate the increasingly global and digital nature of the payments industry.

The FBI's fight with Apple over access to a locked iPhone could undermine software security for financial institutions and their technology vendors and make it harder for banks to do business internationally or use cloud computing.

The FBI's fight with Apple over access to a locked iPhone could undermine software security for financial institutions and their technology vendors and make it harder for banks to do business internationally or use cloud computing.

China UnionPay and Visa signed a memorandum of understanding Thursday to jumpstart collaboration between the two companies.

Community banks can't win on size, but their values give them an upper hand in competing against cookie-cutter megabank branches.

Commercial bank clients are increasingly looking to replace physical corporate cards with virtual ones to streamline bookkeeping and limit risk. The adoption of such solutions is a good sign for mobile payments overall.

The precedent set in the ongoing battle between Apple and the FBI over custom access to a device in question opens up unsettling risks on privacy and security.

The expected 100% growth in card not present (CNP) fraud by 2018 threatens small and medium businesses as well as enterprises, and companies need to shore up their data and customer analytics now to stem the tide.

It would be hard to find two people more qualified to start a security company than Frank Abagnale and Ori Eisen.

Fraud from organized crime and hackers may attract the spotlight from payment companies and security vendors, but issuers and merchants consider friendly fraud the main nemesis.

Security veterans Frank Abagnale and Ori Eisen have teamed up on a heavy-duty authentication service with no pretensions of being easy to use. Their venture, Trusona, just raised $8 million.

Data indicating a sharp rise in e-commerce fraud attacks since the first EMV installations at the point of sale in the U.S. is not yet available, but fraud's shift to the digital landscape and its favorite targets is apparent.