Data security

Versafe doesn't trust consumers to take the necessary precautions to protect their devices. So the company built a fraud protection layer within its banking application to take matters out of users' hands.

As more financial institutions and other companies turn to cloud-based services to maintain customer contact centers, Echopass Corp. says it has strengthened its position to assure data handled in those centers remains secure.

The 12 Federal Reserve district banks warned of mounting threats to the U.S. payment system such as fraud, and called for streamlining transactions from the point of payment to the point of receipt.

Many mobile commerce systems are built on the premise that we need something simpler than typing a complex password on a small screen. With the iPhone 5S, Apple unveiled its own solution: a fingerprint scanner.

Today's the day Apple unveils the successor to the iPhone 5. Here's a look at the leaks, patent applications and other rumors that shed light on the company's mobile payment plans.

Giesecke & Devrient says it has given Near Field Communication payments a significant boost by developing a SIM card on which several NFC applications can operate simultaneously.

Barnes & Noble, the biggest U.S. bookstore chain, won the dismissal of a suit over the “skimming” of customers’ PIN codes from credit-card readers at stores in New York, California and seven other states.

Seven card-issuing banks can sue Heartland Payment Systems Inc. for negligence stemming from the processor’s 2008 data breach, the 5th U.S. Circuit Court of Appeals ruled this week.

Instant-issue cards may seem like old news, but if Centier Bank's recent implementation of EFT Source Inc.'s platform is any indication, the technology is still helping banks increase transactions and interchange revenue, while lowering card production costs.

In an effort to shield merchants looking to expand into new markets, PayPal will launch an expanded seller protection policy for the Asia Pacific region on Oct. 11.

Citibank has agreed to pay $55,000 to settle a complaint by the Connecticut attorney general that the bank was aware of a security flaw in its online banking service that resulted in hackers obtaining payment card data and stealing about $2.7 million.

Banks can do business with Internet-based lenders that don’t violate the law, the nation’s primary payment system said in a letter that followed warnings from regulators about the online firms’ practices.

Germany suffers from a high rate of card not present fraud, according to new data from predictive analytics and decision management software company FICO.

U.S. merchants are in for a rude awakening if they do not prepare for the spike in e-commerce fraud that will likely follow the shift to EMV-chip cards at the point of sale.

It’s easier to sell a person something he wants than to scare him into buying protection from something he wants to avoid. That’s particularly applicable when it comes to selling payments security.

A European EMV migration technology provider plans to make itself known to more U.S. payments companies.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

The St. Louis-based grocery chain Schnucks Markets Inc. continues to face legal woes, four months after disclosing that up to 2.4 million credit and debit card numbers were exposed in a data breach initiated last December.

Lawyers for clothing retailer Genesco Inc. last week requested summary judgment on its request to dismiss $10,000 in data breach fines from Visa Inc.

Fraudsters are once again taking a shine to using tin foil to tamper with the satellite dishes that gas stations use to transmit payment card data to authorizing banks and processors.