Technology

Nongovernment holders of delinquent mortgages are offering more payment plans with debt forgiveness as Fannie Mae and Freddie Mac resist, according to the U.S. Office of the Comptroller of the Currency.

The Global Payments Inc. breach and others like it suggest banks should rethink how they protect card data.

A chip-and-signature route to U.S. EMV adoption certainly would be less painful for banks and merchants than would the chip-and-PIN approach used most everywhere else, but taking the easy way out carries risk.

Global Payments' response to the data breach disclosed last week, as well as the card networks' response, followed a familiar script.

WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

A technical problem affecting the Visa network barred consumers from using their credit and debit cards for about 45 minutes on Sunday, the cards company said.

WASHINGTON – Lawmakers are calling for immediate action to pass long-stalled data-security legislation in the face of last week’s news of a massive data breach at cards processor Global Payments Inc. (see story).

Global Payments Inc. now confirms it is the source of the huge breach affecting cards carrying the major network brands (see story).

This is an updated version of an article posted earlier on March 30.

WASHINGTON–The nation's capital is starting to pay attention to mobile payments. Whether that sharpening focus will help or hurt the industry's growth, however, remains an open question.