Compliance

PayPal has at least temporarily shut off two-factor authentication for the PayPal mobile app after a security researcher found a way to bypass that second factor.

Hundreds of thousands of people are in Brazil for the World Cup football tournament. While Brazil poses risks for payment crime, there are things payment companies and issuers can do to help their customers mitigate danger, such as communicating preventative measures.

In widely anticipated legislation on Bitcoin, Canada is regulating digital currency businesses under existing rules for money movement and California is updating its laws to legalize the use of alternative currencies.

Nearly 20% of consumers worldwide lack confidence that their banks can protect them from payment card fraud, yet nearly half do things that potentially expose them to fraud, new research says.

SIMalliance, which has been outspoken against the use of Host Card Emulation to simulate a Near Field Communication-based contactless payment, is now saying HCE technology can lead to more use of the phone's secure element.

American Express has hired Laureen Seeger as its new general counsel.

WASHINGTON — NCUA's risk-based capital proposal is drawing more fire from Washington, this time from the chairman of the House Financial Services Committee.

Shortly after Apple Inc. announced it would open the iPhone's TouchID fingerprint authentication system to third-party developers, Nok Nok Labs began working to integrate it into a product embraced by the Fast IDentity Alliance.

Independent Resource Network Corp., a Westbury, N.Y.-based independent sales organization, recently agreed to pay $400,000 and waived its right to funds in a merchant's reserve account to settle a civil suit brought by the Federal Trade Commission.

Some of you might be thinking, “Why is the PCI Security Standards Council so focused on the basics, like password security, with all these ‘advanced attacks’ going on right now?”