Technology

As online fraud becomes more pervasive, merchants need to strengthen their defenses against would-be cyber thieves.

There are security gaps in chip cards that are vulnerable to new types of skimming. Biometrics can help solve this problem, and will also prove handy as EMV cards migrate to smartphones.

Despite the head start mobile wallets got in the U.S. when Apple Pay launched more than two years ago, markets outside the U.S. are exhibiting that they are much better positioned for mobile wallet adoption, a new report from Fitch notes.

The U.S.’s long journey to EMV adoption will remain a major focus for the U.S. Payments Forum, but contactless and mobile payments technology will also start to get serious attention from a new industry working group.

Google last month quietly bought Undecidable Labs, a startup founded by a former Apple Inc. director that focused on turning online searches into purchases, according to a person familiar with the deal.

The Clearing House, which is co-owned by the nation’s largest banks, has asked the Justice Department to conduct an antitrust review of its next-generation payments network. A thumbs-up from antitrust officials could prove useful in convincing smaller banks to join the effort.

KeyCorp integrated First Niagara just a couple of months after the deal closed. CIO Amy Brady says coordination between business leaders and the tech team paved the way.

Digital payments security provider V-Key will protect the cloud-based payments network of Ant Financial Services Group (Alipay) with its virtual secure element software.

Stats show young people like to use smartphones to take photos of themselves, a key element of Mitek's payments security strategy.

Evidence exists that in most markets in which public regulators oversaw EMV implementations, the results were much better for merchants and consumers.