Compliance

Before reports of the data breach at Saks Fifth Avenue, Saks OFF 5th, and Lord & Taylor fade from the news cycle, there's one detail that should alarm merchants, card issuers and consumers — and sets a tone for future data breaches.

Are the incentives for protecting card data so lopsided that merchants feel little need to do more? Or is it wrong to ask merchants to fix the faults in a payment card ecosystem they had little hand in creating?

A new cobranded Uber debit card from Green Dot’s GoBank unit gives drivers 3% cash back if they choose PIN entry when filling their tanks at ExxonMobil stations, affirming the persistence of PINs in an increasingly digital payments environment.

Considering Walmart spent the better part of a decade trying to establish its own bank, it comes as no surprise that the retail giant is aiming big with its latest financial service.

A broad network of financial data, such as utility payments and direct deposits, could help those without established credit histories better obtain loans. It might also help lenders make more accurate underwriting predictions.

The concept of privacy is evolving in the digital age in ways that demand new attention from policymakers. As stewards of considerable personal information, banks should prepare to take part in this debate.

Fintech firms likely to take a third of traditional bank revenues by 2025, Citigroup report says; Saks, Lord & Taylor say five million card accounts were accessed.

Elizabeth Rossiello heard that cryptocurrencies would be the next big thing so she founded BitPesa. And while she benefited from the initial craze around bitcoin and blockchain, her company also shares bitcoin's reputational wounds.

The technology behind how payments are being delivered is advancing quickly. Unfortunately, standards and systems aren’t evolving fast enough to keep up, writes Greg Cohen, president of Paya.

Like a crime wave, data leaks and vulnerable static identifiers show no sign of abating, as MyFitnessPal became the latest in a string of sites to have users' data exposed trough usernames and hashed passwords.