Technology

The ongoing availability of stolen account information used to perpetrate vishing and phishing was exacerbated by the Capital One data breach disclosed this week, affecting 100 million accounts, and is likely to increase fraud threats.

Long overshadowed by food delivery startups such as Uber Eats and on-demand delivery service players such as Postmates, delivering fuel to a consumer’s vehicle is a convenience service that is growing in the U.S. and other markets.

A breach that compromises personal data of more than 100 million people is never good, but the company did follow some security best practices.

Bitcoin Hyper is working with a Latin American payment processor to bring acceptance of its high-speed cryptocurrency to multi-channel payment terminals and mobile apps in the U.S. and Latin America.

Two weeks after lawmakers grilled a Facebook exec over its crypto plans, they acknowledged there are benefits from digital currency technology and urged U.S. companies to take the lead.

Brexit seems more likely than ever, as the U.K.'s new prime minister, Boris Johnson, has committed to meeting the October 31 deadline for a deal to leave the EU. But despite the lingering uncertainty over how that will happen, Mastercard is not abandoning its bullish stance on Europe.

While traditional payment processors conquered bitcoin in the first battle, the disruptive potential of blockchain technology remains a potent threat and incumbent payment processors should prepare for a healthy new challenge.

In what's being called "one of the largest-ever data breaches of a large bank," Capital One said a Seattle hacker gained access to the personal information of more than 100 million customers; Citigroup plans to cut hundreds of jobs in its global markets division and combine its equity trading and prime brokerage units.

Bank of America said it will end a payments joint venture with First Data next June when a contract between the two companies expires.

The time is ripe to move decision-making up the ladder and for organizations to bite the bullet by creating a more inclusive comprehensive strategy for the overall business that considers all the disparate security needs, writes Madeline Aufseeser, an analyst and fintech executive.