Investment

Banks can do business with Internet-based lenders that don’t violate the law, the nation’s primary payment system said in a letter that followed warnings from regulators about the online firms’ practices.

Germany suffers from a high rate of card not present fraud, according to new data from predictive analytics and decision management software company FICO.

U.S. merchants are in for a rude awakening if they do not prepare for the spike in e-commerce fraud that will likely follow the shift to EMV-chip cards at the point of sale.

It’s easier to sell a person something he wants than to scare him into buying protection from something he wants to avoid. That’s particularly applicable when it comes to selling payments security.

A European EMV migration technology provider plans to make itself known to more U.S. payments companies.

A new Jack Henry program can speed EMV-chip card migration for card issuers by up to a year — but only for credit cards, since ongoing legal issues hamper the use of EMV for debit cards.

The St. Louis-based grocery chain Schnucks Markets Inc. continues to face legal woes, four months after disclosing that up to 2.4 million credit and debit card numbers were exposed in a data breach initiated last December.

Lawyers for clothing retailer Genesco Inc. last week requested summary judgment on its request to dismiss $10,000 in data breach fines from Visa Inc.

Fraudsters are once again taking a shine to using tin foil to tamper with the satellite dishes that gas stations use to transmit payment card data to authorizing banks and processors.

MasterCard's biometric security venture with the South African Social Security Agency has helped the agency distribute more than 10 million active MasterCard debit cards throughout the country.