Investment

Efforts to apply biometric security to payments have reached the fraud-prone remittance market, as Touch ID takes hold for both incumbents such as Western Union and upstarts such as Xoom.

Acquirers are being encouraged to alert merchants to a new remote malware attack called "Ghost" that allows hackers to take over a network.

The U.K. is rapidly becoming a target for payment crime, with malware on the rise and the country poised for fraud spikes as crooks abandon EMV-protected terminals to target the more vulnerable e-commerce channel.

Apple's mobile wallet has been out for just four months, and already it has shaken up the way mobile payments operate at the point of sale. It has faced pushback from some merchants and banks, but it has also popularized new forms of security and other payment technology.

While Visa and MasterCard aren't yet applying the same level of pressure for tokenization security as they are for EMV-chip cards, the card networks' CEOs are clear that this technology is their new expectation for e-commerce.

Federal Reserve officials suggested that anonymous payments and the technologies powering digital currencies could inform broader plans for reshaping the U.S. payment system.

Purveyors of certain cloud services, such as cloud-based lending, face continual rejection from bankers worried about security. But some say a data storage specialist could be every bit as secure as a financial institution — if not more so.

A new study says Americans are getting hooked on mobile banking.

Apple Pay's Touch ID is the exception, not the rule. Biometric security typically requires some type of add-on hardware, a model that has struggled to get much adoption over the years.

The Federal Reserve System released a detailed vision Monday for improving the speed of the U.S. payment system.