Compliance

Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5.

Fraud schemes are constantly changing, as criminals exploit new channels and methods of perpetrating their crimes. It is the ultimate game of whack-a-mole; stamp it out in one place, and it pops up somewhere else.

While mobile wallet providers try to simplify the payment process by taking physical plastic cards out of the equation, others are looking further into the future to an era where all things are connected.

North American Bancard (NAB) is adding technology from Moki in an attempt to secure and manage its in-store mobile point of sale system.

Ever since the Target data breach made national headlines late last year, customers at City Bank Texas in Lubbock have been deactivating and reactivating their debit cards with much greater frequency.

WASHINGTON — As a bill that could bring monumental changes to Fannie Mae and Freddie Mac works its way through the Senate, some credit union executives are concerned that larger players would have too many advantages at the expense of small lenders.

Security can be difficult to improve at gas stations because payment hardware is built into the pumps, making it costly and difficult to upgrade. First Data and VeriFone are teaming up to overcome this challenge.

The Target data breach has sparked more awareness of card security issues, but nearly 90% of U.S. consumers responding to a Phoenix Marketing International survey don't know much about the EMV-chip cards Target and others are adopting to deter counterfeiting.

The fallout from Russia's encroachment into Ukraine has reached MasterCard's headquarters in Purchase, N.Y., where the card network’s top executives expressed concern about lost business and Russia's moves to localize its payments infrastructure in response to sanctions from the West.

Bringing a point of sale terminal to market isn't as easy as it used to be. Since the introduction of contactless and mobile payment tech, the number of tests a manufacturer must pass for certification is "unbelievable," executives at U.K.-based Spire Payments say.