Investment

Knab, a branchless bank based in Amsterdam, is aiming to attract 250,000 customers by 2017 through the promise of smoother payments.

Yapital Financial AG has signed a five-year agreement with security and payment gateway provider ReD to deliver fraud protection services for its European payment system.

Target Corp., still reeling from a security breach that exposed the personal information of tens of millions of customers, is seeking a new top technology executive to help prevent future attacks.

Visa Inc. is deploying a classic fraud prevention model to combat the growing sophistication of prepaid card fraud.

As evidenced by recent high-profile data breach incidents at major retailers , keeping payment data secure in today’s world is an increasingly complex challenge.

Flexcoin, a Bitcoin bank, was forced to shutdown after hackers stole 896 units of the digital currency, the Guardian newspaper reported.

Consumers are more concerned than ever about how to protect their payment card data, but they also know they have very little skin in the game because of card issuers' zero liability policies.

Most issuing banks are not allowing recent retailer data breaches to change their schedules for adopting EMV-chip cards, even though Target and other companies have said they would fast-track their own plans.

As U.S. issuers and financial institutions prepare for the shift to EMV, two significant benefits over traditional magnetic stripe cards are clear: increased security and reduced incidences of card fraud. However, the migration itself poses risks that must be addressed.

Visa has developed a new service that aims to reduce prepaid card fraud.