Analytics

When black market criminals use tighter security than global payment systems, you know the banking industry needs to wake up. Two-factor authentication (2FA) is now a standard practice on the ‘dark web,’ yet most banks require just one password to authorize transactions.

Many see the future of financial services being powered by partnerships between banks and fintechs, but both sides need to first make sure they understand themselves and what they want.

With the rise of online card fraud and the availability of new EMV and encryption technology, a San Mateo, Calif.-based startup sees an opportunity to combine these new tools with a card reader called Chip Shield.

While the current phase of the U.S. chip card migration is still far from the finish line, attention is turning to the 'next' EMV migration at gas stations, which figures to be just as challenging.

Digital transformation goes beyond digitizing processes like payments or other financial services.

As the Federal Deposit Insurance Corp. grapples with a series of newly revealed cybersecurity incidents, the U.S. government is prosecuting a former agency employee over a 2012 breach.

Discover's new consumer credit information product provides FICO scores and a summary of the data that determines that score.

Heartland Payment Systems has leveraged newly purchased merchant marketing company Beanstalk Data to build a restaurant analysis service.

Total System Services Inc. has announced an agreement with Featurespace to apply machine-learning technology to fight fraud.

Financial institutions claiming exposure to Target's 2013 data breach are one step closer to collecting a $39 million settlement.