Investment

The Target data breach has sparked more awareness of card security issues, but nearly 90% of U.S. consumers responding to a Phoenix Marketing International survey don't know much about the EMV-chip cards Target and others are adopting to deter counterfeiting.

When mainstream banks reacted to Target's holiday-season breach by reissuing cards, their biggest worry was active accounts. But for a prepaid card issuer like Green Dot, the inactive cards on retailers' shelves were also a significant concern.

Spreedly is launching a vaulting service that allows e-commerce merchants to manage payments without using a third-party gateway provider to authorize online transactions or handle related tasks such as data security.

VeriFone Systems and First Data are launching a solution that addresses payment security at gas stations and convenience stores.

Equifax is working with the mobile payments company Zumigo to jointly develop fraud prevention software.

Target Corp.'s choice to work with MasterCard Inc. for chip-and-PIN credit and debit cards next year makes a strong statement about payment security.

Target Corp. took two big steps to put the holiday data-breach nightmare behind it today.

WePay is adding application programming interface (API) capabilities to its risk management product, Veda, in an effort to streamline the way WePay's clients enroll new customers and handle transactions.

The U.S. is roughly two years into its migration to chip payments, but in the last few months I have seen the tide turn and this migration start to really pick up speed. But before I talk about where we are now, it’s important to understand where we have been and how we have arrived here.

The Justice Department is grabbing the spotlight with Operation Choke Point, a controversial investigation that's drawing U.S. banks deeper into the fight against consumer fraud. But below the radar, another federal agency is tiptoeing in the same direction, and again drawing stiff opposition from the banking industry.