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With the increased proliferation and reliance on public cloud solutions, combined with the recent high-profile data breaches that have occurred in the past few months, cybersecurity should be a top concern for both issuers and retailers who handle sensitive financial data.

BJ's Wholesale Club is planning to convert its co-branded credit card program to chip-enabled MasterCards.

Diebold is unveiling an anti-skimming card reader designed to prevent criminals from stealing card data from unsuspecting automated teller machine users.

If there's one lesson bankers and retailers can take away from the hacking incident at online ticket seller StubHub, it's that they need to educate their customers about the dangers of using the same passwords on multiple sites.

More consumers are skipping the mall and buying online instead. Many traditional retailers have already moved online to maximize their sales among customers who either don’t have access to their physical shops due to distance, or for whom shopping online is simply more convenient.

Visa, which just revamped its digital payment system, will introduce secure "tokens" in September to replace the 16-digit account number for online payments.

The Clearing House and EMVCo launched separate efforts to develop standards for tokenization, a process that replaces sensitive account data with a secure token. But now, their paths are converging.

As the U.S. shifts to EMV-chip cards to improve security at the point of sale, fraud will move online, and ACI Worldwide is preparing for that challenge. The payment technology company's $205 million purchase of ReD will help it close up vulnerabilities in card-not-present transactions.

Security breaches at trusted global corporations, such as Target and eBay are becoming a regular occurrence. Valuable customer data serves as a new currency of sorts for fraudsters, prompting the digital underground to stage well thought out attacks on a scale previously unheard of.

The newly rebranded Visa Checkout is the latest of the card network's attempts to create a more streamlined, digital payment process that moves past the plastic card. Visa and Visa Europe have embarked on many projects around the globe in recent years, targeting e-commerce, mobile payments, P2P and other use cases.