Investment

It's become apparent that more organizations are attaining PCI compliance, but far fewer can stay in compliance for a reasonable period of time.

One of the longest discussions regarding the U.S. EMV migration is the choice of chip and PIN or chip and signature as the card verification method (CVM).

Visa Inc.'s CyberSource has joined the Anti-Information Fraud Society in China, which was established to create a safer online payment market.

Smaller banks need to develop detailed marketing plans to reach out to cardholders, while also working with their processors to prepare for the transition to EMV cards.

When it comes to protecting sensitive payment data, call centers are often the forgotten operation, and card data leaks out unintentionally. Protected data spoken in one cubicle can be overheard by 20 nearby reps, along with any customers on the phone with those reps.

Apple Pay and cryptocurrencies such as Bitcoin have a lot of appeal for banks looking to stay at the cutting edge of digital payments. But security and compliance risks are part and parcel of these innovations.

A false sense of security still emanates from 70% of information technology teams that feel they are safe from cyberattacks, despite evidence that data breaches are a growing and ongoing threat.

For the past two years, acquirers and processors have taken aim at the lengthy EMV chip-card certification process as a major stumbling block for U.S. merchants preparing to upgrade from magnetic stripe technology in time to avoid a shift in fraud liability.

PayPal is creating a new cyber-security center in Tel Aviv as part of its acquisition of Israeli security vendor CyActive.

Merchants are far from helpless bystanders as Apple and banks sort out who is responsible for stopping fraudulent cards from being enrolled in the Apple Pay mobile wallet.