Compliance

For Apple, the timing couldn't be worse to launch a mobile wallet. Mobile wallets can be a tough sell for many consumers, and brand image is a key element in winning their trust.

Two is better than one, especially when it comes to protecting a consumer's identity.

In much the same manner as banks use red dye packs to explode in stacks of stolen money, payment network providers expect tokenization will sabotage any hacker's attempts at data theft. But will their investment pay off, or will it disappear in a puff of smoke?

EMV is no stranger to the news cycle, with the card network 2015 liability shift approaching for many U.S. businesses.

Card data security has to become a 24-hour priority for businesses, not just when PCI compliance assessors come around for annual checkups, according to the Payment Card Industry Security Standards Council.

Computer hackers targeted JPMorgan Chase & Co. and at least four other banks in a coordinated attack on major financial institutions this month, according to a U.S. official.

Josh Rossi is best known for starting the first Satoshi Square, a gathering of Bitcoin enthusiasts who trade the virtual currency for cash in New York City's Union Square, in 2013. He has since brought his ideas to new companies and new parts of the world.

According to Javelin Strategy & Research’s 2014 Identity Fraud Report, 13.1 million consumers became a victim of identity fraud in 2013—the second highest level on record. This means that 5% of the U.S. population is now being affected by identity fraud every year.

Jamie Topolski, the new director of alternative payment strategies for the Output Solutions division of Fiserv, expects that the U.S. migration to EMV will take as many as 10 years to complete.

Nacha, the electronic payments association, has stepped up scrutiny of the automated clearing house network in an attempt to weed out fraudulent charges.