Investment

PayPal has at least temporarily shut off two-factor authentication for the PayPal mobile app after a security researcher found a way to bypass that second factor.

Hundreds of thousands of people are in Brazil for the World Cup football tournament. While Brazil poses risks for payment crime, there are things payment companies and issuers can do to help their customers mitigate danger, such as communicating preventative measures.

Nearly 20% of consumers worldwide lack confidence that their banks can protect them from payment card fraud, yet nearly half do things that potentially expose them to fraud, new research says.

SIMalliance, which has been outspoken against the use of Host Card Emulation to simulate a Near Field Communication-based contactless payment, is now saying HCE technology can lead to more use of the phone's secure element.

Shortly after Apple Inc. announced it would open the iPhone's TouchID fingerprint authentication system to third-party developers, Nok Nok Labs began working to integrate it into a product embraced by the Fast IDentity Alliance.

Some of you might be thinking, “Why is the PCI Security Standards Council so focused on the basics, like password security, with all these ‘advanced attacks’ going on right now?”

Document capture company Parascript and data manager Bull are looking for mistakes on checks in Brazil, a market in which payments fraud can be particularly complex and vexing for banks.

The French interbank network in charge of governing card payments, Groupement des Cartes Bancaires CB, is expected to approve the use of biometric technology for authentication this year.

The numerous recent retailer data breaches have led issuers to realize that they may have to replace most of their cards with little or no warning.

Chinese restaurant chain P.F. Chang's has confirmed that the data breach it discovered Tuesday involved the theft of credit and debit cards.