Investment

QR codes, the two-dimensional bar codes used in many mobile wallets, are easy to deploy but can vary in their level of security.

A mobile security expert in Germany says he found a flaw in the encryption technology of some mobile phone SIM cards holding personal and payment details.

The PayVest event in New York, presented by PaymentsSource, American Banker and NYPAY, brought together many key players in emerging payments and technology. Many of them are taking different paths to the future.

The federal government says it may build databases of credit card transactions, hotel records and Internet searches as part of counter security measures.

While independent sales organizations stringently keep up their compliance with the Payment Card Industry data security standard, they don't always protect non-payments data and paper records as diligently.

Royal Bank of Canada chose to store data in the cloud, rather than use the mobile phone's secure element, in a mobile payment system it plans to launch this year.

Heartland Payment Systems will use Alaric's Fractals fraud prevention and detection product to monitor the 300 million card transactions it processes each month.

Jumio's Mobile Consumer Habits study is grabbing headlines and laughs for revealing that 9% of U.S. adults admitted to using their smartphones during sex — but the survey's other findings have more serious implications for the future of mobile payments.

Have you ever imagined starting your own bitcoin exchange? Soon, Vancouver-based Bex.io will make that possible by deploying exchange functionality under a Software as a Service (SaaS) model.

Fraudsters are upping the ante in their pursuit of payment data by creating spoofed sites that look so real they even include localized language settings and drop-down menus to dupe consumers into turning over credentials.