Investment

EMV-chip technology has driven down fraud on Canada's Interac debit network, but that fraud isn't moving online. It's fleeing the country.

Lawmakers keep trying to move legislation aimed at strengthening data security even if they are still not finished upbraiding retailers for recent breaches.

The security vendor Trustwave has been accused of failing to identify security gaps at Target, according to a lawsuit filed by banks for damages suffered from the holiday season data breach.

?Target Corp., scheduled to testify tomorrow about a data breach affecting millions of customers, plans to tell lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.

Target Corp.'s massive holiday-season data breach touched card issuers of all sizes, including banks as small as StonehamBank, which leveraged technology it refers to as a "digital" employee to manage and replace exposed cards.

Visa is making its common application identifier available for Discover's Pulse debit network, marking the latest in a string of agreements that pave the way for EMV debit card acceptance in the U.S.

Identity protection company miiCard has partnered with international payment processor eMerchantPay to offer secure online payment processing to merchants.

QR codes, which are commonly used in mobile wallets to link to a consumer's payment account, can just as easily link to phishing sites, malware and other nasty surprises.

Merchants who in recent years viewed mobile payments as experimental now say they consider the technology vital in e-commerce, even though many remain concerned about fraud.

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.