Just when bankers may be thinking it is safe to go on-line, First Virtual Holdings Inc. says it has evidence of a significant threat to the security of electronic payments over the Internet.

But some in the industry said First Virtual's publicizing of the flaw, which the company claims to have uncovered, is a self-serving attempt to win support for its own security strategy.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.