Investment

As more detail comes to light about how Target's data breach occurred, retailers need to completely rethink their approach to protecting card data.

First Data is partnering with The Members Group to offer financial institutions a streamlined process for issuing EMV-chip cards.

Feedzai is attempting to sell the U.S. on a multichannel approach to card data security in the wake of the recent data breaches afflicting major retailers.

Payment infrastructure systems provider Pay.On plans to combine its distribution network with that of fraud prevention specialist Kount.

The number of fraud victims is dramatically increasing, indicating that consumers and the payments industry as a whole have to become more vigilant in their security, new research says.

Target Corp. will move toward EMV smartcards and chip-and-PIN technology at least six months sooner than the card networks' October 2015 timeline for the security measure, says John Mulligan, Target's chief financial officer.

Federal legislation is needed to enhance cyber-threat information sharing so that good-faith responsive actions and information sharing will not trigger legal liability.

Congress is hearing two sides to the story about the role the card networks' Payment Card Industry data security standard has in fighting fraud.

Clinkle, the well-funded mobile payments startup staffed by former executives of PayPal, Netflix and other e-commerce companies, appears to have had data leaked from its person-to-person payments app, exposing personal information and photos of some of the company's employees.

The likes of Apple and Amazon are becoming bigger threats to incumbent payments companies, but MasterCard CEO Ajay Banga says his company views these players as potential allies.