Compliance

Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data.

Biometric authentication may seem all the rage now that Apple uses fingerprint authentication in its mobile wallet, but the Bitcoin ATM provider RoboCoin has concluded that biometric technology can be more of a hassle than a help.

VendorSafe Technologies has named Kevin Watson as its new chief executive. The provider of cloud-managed security for payments and wireless systems for small businesses also announced Providence Equity Partners out of Rhode Island has become its majority shareholder.

ALEXANDRIA, Va. — Only 47 federally insured credit unions filed late Call Reports

V-Key, a mobile security provider in Singapore, has received a $12 million investment from the Ant Financial Services Group, the Chinese financial services company that operates Alipay.

More people than ever are becoming aware of the impact of data breaches and the resulting fraud. But what about the rest of the fraud types: internal fraud, account takeover, elder abuse and even the old generic scam?

Mobile tech providers are racing to incorporate EMV chip-and-PIN or chip-and-signature security into their offerings. But many of these companies are taking fundamentally different approaches to linking EMV and mobile technology.

Consumer groups said that the Consumer Financial Protection Bureau was too soft in its prepaid card plan, arguing that it should have required more on upfront disclosures, banned overdraft charges, and completely severed prepaid cards from being tied to other types of credit.

In what amounts to eliminating password use and evolving the Verified by Visa and SecureCode online authentication processes, MasterCard says a new security protocol it is developing with Visa could be implemented next year.

For payment technology developers, the stakes couldn't be higher as the FCC develops new rules that could support or eliminate net neutrality, a system in which Web access is equal for most users, regardless of size.