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While bitcoin is viewed as "secret currency," the technology behind the cryptocurrency is immensely useful to financial services companies in preventing hacking.

Wal-Mart Stores Inc. sued Visa Inc.’s U.S. unit, saying the company wants the retailer to use a less-secure method for verifying debit cards in order to route transactions through its own networks.

Officials from the Federal Reserve Bank of New York, Bangladesh Bank and payments network Swift vowed Tuesday to catch the thieves who took $81 million out of the Bangladesh central bank's account at the New York Fed.

ACH Alert has been providing fraud protection for Automated Clearing House, debit and wire transactions at banks for more than six years, but it's probably never been in a better position to draw attention to its real-time process.

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

The Clearing House, Dwolla and Ripple Labs are among more than 20 companies that are vying to play a lead role in modernizing the U.S. payment system.

Many bank security people will undoubtedly shrug off Anonymous' claim that it's trying to bring down banks all over the world. There are a few reasons to take it seriously.

Maria Vullo, still stuck in limbo as acting superintendent of the New York State Department of Financial Services, is hindered from putting her mark on the agency until she gets confirmed. So a quiet guessing game is going on about how her supervisory philosophy will compare with her predecessor Benjamin Lawsky.

Counterfeit card fraud is finally on the way down as EMV creeps into the U.S. marketplace, but card not present (CNP) fraud through online channels is skyrocketing. It's too soon, however, to blame the EMV shift.

Multifactor authentication is high on the list of payment security requirements, including new standards from PCI. For any company on the fence on adding stronger authentication, there's plenty of examples of what can go wrong with basic identity management.