Data security

We value the importance of building and maintaining positive customer relationships. But, how do you also manage the ever increasing levels of fraud and mitigate risk?

Consumers in China using the Alipay Wallet will be able to use fingerprint scanning technology from Nok Nok Labs to replace passwords when engaging the wallet for e-commerce payment transactions.

It's time for the Payment Card Industry Security Standards Council to work with acquirers in providing merchants with "PCI in a box," said Stephen Orfei, the council's new general manager.

EMV, or "chip cards,” have been around for more than a decade and are available in more than 80 countries.

Three New York bank tellers have been arrested and accused of participating in an identity theft ring, state Attorney General Eric Schneiderman said Sept. 16.

NexID Biometrics, an authentication technology provider in Potsdam, N.Y., has enhanced a fake-finger-detection solution for fingerprint-sensor systems.

Host Card Emulation (HCE) is getting a lot of attention, since it offers virtual payment card issuers the promise of removing dependencies on “secure element issuers” such as mobile network operators (MNOs).

"What you are seeing is a company like Apple, representing 40 percent of operating system penetration, helping introduce [tokenization] for us in a way that consumers will find comfortable and easy to adopt," said Matthew Dill, Visa's senior vice president and head of innovation and strategic partnerships.

The Payment Card Industry Security Standards Council is providing updated guidance for merchants to protect against fraudulent card skimming, which it says costs U.S. businesses and consumers $8 billion a year.

Apple Pay appears to be missing one key thing: A reason to use it. Most other mobile wallets come with a reward program, but Apple currently isn't going that route.

The financial technology company Fiserv has added token-based security from Visa and MasterCard.

Apple is betting that tokenization systems offered by payment processors will provide a security boost to its new Apple Pay system at a time when consumers are wary of Apple's cloud-based services.

Home Depot Inc. confirmed that hackers infiltrated its computer systems at stores in the U.S. and Canada.

It’s unfortunate that some outlets lump all forms of two-factor authentication factor together as if all two-factor form factors were equal.

Gemalto NV is offering a network connection hub to provide banks, equipment manufacturers and mobile wallet providers with secure access to Near Field Communication hardware.

Electronic payments are increasingly becoming part of our everyday lives. For most people, it can be hard to imagine a single day where we do not make a purchase using our payment cards in a physical store, or perform some form of online payment or money transfer.

Building on technology it began developing three years ago, SmartMetric Inc. says it has developed a smaller and faster fingerprint reader that fits inside of a credit card.

An internal review at Goodwill Industries has concluded that hackers accessed customer payments data through a vendor-related weak spot.

Roximity is working to differentiate itself from other beacon manufacturers by increasing the lifespan and security of its devices.

Home Depot is working with banks and law enforcement agencies to investigate a potential theft of its customers' credit and debit card information.