Investment

Knowing that fraudsters will target those unprepared to handle EMV chip cards when the liability shift takes place Oct. 1, payment processor Elavon has developed a data security package to protect small businesses.

The merchant EMV liability shift is coming this week, and many merchants argue they don’t need to invest in new payment terminals because they’ve had only one or two fraudulent incidences in the entire history of their business.

The deadline for EMV migration in this country is this Thursday. Here's what will and won't happen on that day, and what challenges lie ahead for banks and their customers.

The EMV chip card-enabled PayPal Here will be available in the U.S. on Sept. 30.

The collaboration between financial institutions and technology firms runs deep, but banks' recent criticism of lax regulatory oversight for nonbanks reveals fissures.

Many different data security technologies exist, but the payments industry “does not have what it needs for a global standard,” said Marianne Crowe, vice president of the Federal Reserve Bank of Boston.

Prosper Marketplace, one of the nation’s largest marketplace lenders, has agreed to purchase the consumer finance app maker BillGuard.

Small merchants may not have a full grasp of EMV chip card acceptance at the point of sale as the Oct. 1 liability shift nears in the U.S., but e-commerce merchants are building layers of defense for the expected spike in online fraud.

A task force convened by the Federal Reserve has made substantial progress in its first few months, but the path to real-time payment in the U.S. is still littered with challenges.

DD4BC, a group that threatens to knock out corporate websites unless it is paid off in bitcoins, has expanded its denial-of-service attacks on banks.