Technology

Some eight out of 10 adults in South Korea own at least one credit card, highlighting the saturation in the country’s card market, new survey data suggest.

Consumer confidence grew again in February, fueled by a more optimistic outlook for the economy and personal finances, according to the Discover U.S. Spending Monitor, a daily poll tracking economic sentiment and spending plans of nearly 8,200 consumers throughout the month.

Cloud-based compliance and data-security provider Trustwave soon will add Web security to its portfolio through the acquisition of M86 Security, an Irvine, Calif.-based provider of advanced antimalware technology.

Fidelity National Information Services Inc., which prefers to be known as FIS, has named Greg Schaffer as its new chief information security officer.

When something is amiss at a location relying on tight security, officials often immediately implement a systems “lock down.” Imagine the same scenario on a merchant’s payment system, and one can start to understand how PaySecure software works.

LAS VEGAS–The relatively late timing of the U.S. move to adopt the EMV smart card technology means it could dodge some of the headaches other countries experienced in shifting to EMV.

Merrill Halpern received an “unexpected benefit” when traveling recently in Europe without an EMV smart card in his wallet. He got a free cup of coffee from a coffee shop employee who felt sorry for him because she couldn’t initiate the transaction on her terminal with just Halpern’s signature.

Following a data breach, merchants are required by law to notify a host of authorities and agencies, a daunting task that presents an opportunity for ISOs and agents.

New U.S. consumer credit data from CreditForecast.com, a product of Equifax and Moody's Analytics, projects a rebounding consumer environment along with recovering home and auto markets in 2012.

Debt from student loans in the U.S. increased to $867 billion in the quarter ending Dec. 31, up from $865 billion in the previous quarter, according to the Federal Reserve Bank of New York.