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Host Card Emulation, which enables Near Field Communication payments without accessing a smartphone's secure element, has major supporters like Google, Visa and MasterCard. But some are expressing concern over the technology's approach to security.

When more U.S. issuers and merchants start using EMV-chip cards to improve security at the point of sale, fraud will likely surge online.

Card-not-present (CNP) fraud is generating quite a bit of chatter in financial and payments circles today. Much of the talk centers on the link between greater global use of the EMV standard and rising CNP fraud.

EMV-chip cards might take until 2018 to reach full ubiquity, and a lack of education about the technology is hindering adoption, according to a new report from Javelin Strategy & Research.

Target CEO Gregg Steinhafel is stepping down as chairman, president and CEO, effective immediately, Target's board announced May 5.

Fraud schemes are constantly changing, as criminals exploit new channels and methods of perpetrating their crimes. It is the ultimate game of whack-a-mole; stamp it out in one place, and it pops up somewhere else.

While mobile wallet providers try to simplify the payment process by taking physical plastic cards out of the equation, others are looking further into the future to an era where all things are connected.

North American Bancard (NAB) is adding technology from Moki in an attempt to secure and manage its in-store mobile point of sale system.

Ever since the Target data breach made national headlines late last year, customers at City Bank Texas in Lubbock have been deactivating and reactivating their debit cards with much greater frequency.

Security can be difficult to improve at gas stations because payment hardware is built into the pumps, making it costly and difficult to upgrade. First Data and VeriFone are teaming up to overcome this challenge.