Data security

SmartMetric Inc. says it is in the “advanced development” stages of a plastic payment card that will unlock through a fingerprint scan and operate as a digital wallet.

Fraud schemes that rely on social engineering and other attacks to steal sensitive information are especially dangerous this time of year, when the hustle and bustle of the holiday season may lead consumers to let their guard down and skimp on security.

Wearable identity and authentication startup Bionym released software development kit documentation and an online forum to get developers coding apps for its forthcoming wristband, called Nymi, on Monday.

The PCI Security Standards Council's hacker-inspired data mapping plans are crucial to protecting super-interconnected enterprise systems.

Rather than simply continuing to absorb the losses from account takeover attacks, institutions should be reevaluating the effectiveness of their authentication methods and increase security to better prevent fraud.

Allied Wallet is developing new payment technology that allows users to identify themselves by using an add-on fingerprint sensor, and also plans to build biometric acceptance for merchants.

The Chinese online payment provider Alipay has added a number of security products from CyberSouce, a Visa-owned e-commerce management provider.

Banks may soon bear more responsibility for raising red flags about the conduct of businesses that use the automated clearing house payments network.

More small merchants are starting to comply with the Payment Card Industry security standards, which describe how to protect card data, but many merchants still do not have an incident response plan in case of a data breach.

Chip-testing provider Fime has developed an infrastructure and laboratory for Discover's contactless D-Payment Application (D-PAS) products.

SaaS-based technology provides a blended approach to remittance processing that enables financial institutions to outsource infrastructure responsibilities, while retaining the management of transaction processing, bank deposits and receivable updates.

JPMorgan Chase heavily markets its Sapphire Preferred card to travelers, but without an EMV chip, the Sapphire card was losing its luster for some users.

Paul Burmester has been appointed the new CEO of telecommunications-based fraud prevention software provider ValidSoft Ltd., replacing Pat Carroll, who will serve as the company's executive chairman.

Merchants and payment vendors who never change the default password in sensitive systems are getting fresh attention from the Payment Card Industry Security Standards Council.

More independent sales organizations are using fees to force merchants to take Payment Card Industry security standard compliance seriously.

As the U.S. adoption of EMV-chip cards encounters legal roadblocks and merchant opposition, critics have questioned whether the card networks' October 2015 deadline is overly aggressive.

MasterCard, echoing remarks made 16 hours earlier by Visa, is placing security at the heart of its emerging payments strategy.

Retailers that have long criticized the card networks' plan for them to accept EMV-chip cards are starting to view the smart-card migration as a reason to adopt mobile payments.

Visa, which reports its fraud rate is at a historic low of 6 cents for every hundred dollars processed, is positioning itself as a safe haven for payments services.

WorldPay has received American Express' EMV payment processing certification, which means the processor is compliant with Amex's requirements for handling chip-card payments.