Investment

The rollout of EMV is accompanied by increased card not present fraud, but banks can reduce losses using voice biometrics in the call center.

The U.S. was one of the last countries to convert to EMV chip cards, at least partly because of the cost involved for the country's massive payments system to replace the easy-to-duplicate mag-stripe cards and halt counterfeit fraud.

As more merchants and consumers adopt mobile payments, many cybersecurity experts warn a boost in mobile payment-related breaches will result, though in some cases providers are sacrificing vulnerability for easier use and more adoption.

As we’ve seen with recent high profile data breaches, the threat of cyber-attacks has accelerated in the last 18 months and shows little sign of abating.

The Federal Financial Institutions Examination Council issued a joint statement Tuesday advising financial institutions to take steps to defend against cyber-ransom attacks.

The EMV deadline has come and gone, and customers and retailers alike are realizing that they need to understand and adapt to the new payment reality both online and offline.

Whether it's regulation, cyber threats, vendor backlog or just plain inertia, U.S. banks still lag their overseas counterparts when it comes to mobile adoption.

With the highly anticipated EMV liability shift now in effect in the U.S., merchants have been adopting point-of-sale terminals that can accept chip-based cards.

If Visa and MasterCard seem to be shining an extremely bright spotlight on their tokenization efforts, it's because they view it as vital to their survival.

MasterCard is talking to Merchant Customer Exchange executives about what role the card brand could play in the retailers' CurrentC mobile wallet, but the card brand insists it is just an interested observer in the merchant mobile wallet venture.