Technology

The situation turns on whether the CFTC inadvertently pushed Bitfinex to adopt a weaker security system than it had been using. However, the way the bitcoin exchange used the new system was significantly flawed, security experts said.

Three months shy of the EMV liability shift’s one-year anniversary, issuers are making brisk progress but merchants are stuck at a crawl.

Samsung’s newest handset enables users to authenticate mobile payments by gazing at the screen, in the latest expansion of biometric security for smartphones.

While Early Warning is continuing to recruit banks to participate in its risk management engine and clearXchange P-to-P network, it's also working with nonbanks to quickly expand its footprint.

Bots have slowly begun to creep onto the online payments scene, and they could offer a whole new, simpler way to part with our cash.

Visa announced Quick Chip four months ago, but until today the card brand has not had a place to showcase its faster EMV technology to merchants who feel burdened by the EMV payment process.

As digital wallet strategies begin to fall into place for more large banks, many smaller banks are feeling the pressure to develop apps of their own.

Barclays threw out security questions for telephone banking access this week and began using voice recognition technology, representing a step in an industry-wide move to eliminate passwords and challenge questions.

TouchID, facial recognition, behavior patterns, knowledge-based authentication, SMS codes – the means of authenticating continue to proliferate. The smart minds in security have yet to settle on one which is the most effective.

Prague-based CSOB has launched the first mobile wallet for Near Field Communication-based mobile payments in the Czech Republic—already a bastion of contactless payments—with plans for e-commerce payments down the road.