Technology

If crooks find it too difficult to penetrate fraud-prevention layers protecting online merchants, corporations or bank accounts, they revert to “old-fashioned” fraud methods aimed at easier targets.

An Oklahoma City law firm paid $600,000 to settle a lawsuit filed by the Federal Deposit Insurance Corporation, according to U.S. District Court records.

If a Qualified Security Assessor tests–and passes–a business for payments security compliance, that business may feel it could rest on its laurels.

The tom-toms are beating louder for action among issuers, merchants and processors in the U.S. migration to EMV smart card technology.

Balance is a term we frequently hear to describe something worth achieving: work/life balance, a balanced diet, balance of power, a balanced budget. Right now the financial industry is seeking balance, particularly when it comes to risk.

A small legal case in Southern Maine could spell big trouble for banks, particularly because it suggests that even strong electronic security doesn't necessarily build a shield large enough to keep either crooks or plaintiffs away.

At first, Google seemed to have all of the necessary ingredients for a mobile wallet and Isis had the uphill climb of convincing banks to agree to a system designed by a group of telcos. Isis now has several top banks firmly behind it, but it faces many challenges as well.

ATM industry players are reluctant to embrace the EMV secure card standard, according to a survey from the ATM Industry Association.

For years, the payments industry has been waiting for Apple to disrupt the market with a payment-capable iPhone. Some are finally getting sick of the wait.

Consumers may not be pushing for stronger card security because they feel overly protected by the systems in use today. But they do face real costs for fraud.