Investment

A recap of the informed opinions (and the discussions they generated) on BankThink this week, including banks' subpar shareholder value and how big-data advocates can better communicate with critics who worry about the technology's potential discriminatory effects.

The Federal Reserve has named Todd Aadland—who had been a senior vice president at the Federal Reserve Bank Of Chicago—as its new payments security strategy leader. Aadland will also chair the Secure Payments Task Force.

Loss prevention firm Global Risk Technologies and Quatrro Processing have entered a strategic partnership to take advantage of the growing demand for fraud technology following major data breaches.

With the EMV liability shift less than a month away, U.S. merchants have far more on their plates than merchants in other countries had when only weeks from migrating to chip-based payment cards.

Iron Mountain, the leading provider of document storage, is buying its main rival. If the merged company tried to raise prices, it might be the final straw that motivates banks to shift data storage to the cloud.

Private label and co-brand card provider Alliance Data Systems Corp. has released an EMV co-brand card that features tap-and-pay functionality.

Concerned about security, the Australian Parliament is recommending that all contactless transactions, which it defines as including Near Field Communication (NFC), default to opt out, meaning shoppers would have to proactively opt-in to use the technology.

Visual hacking has emerged as a dangerously straightforward way to pierce banks' complex security systems. Here's how banks can ward off malevolent shoulder-surfers.

Securing transactions by matching a user to his or her mobile device has existed for some time, but two major trends connected to payments will likely bring that technology to the forefront, according to InAuth CEO Lisa Stanton.

First Internet Bank is pioneering eye-vein recognition to let customers log in to its mobile app, hoping consumers' distinct concerns about this form of biometric authentication fade away.