Analytics

Fiserv is aiming to improve the accuracy and cost-effectiveness of biometric authentication by shipping palm-biometric kits to its customers.

The ability to browse limitless shops and purchase goods and services from almost anywhere in the world has revolutionized commerce.

MasterCard will provide tokenization technology to the Samsung Pay mobile wallet when it launches in Europe.

MasterCard is cooperating with a European investigation into its fees, though it is questionable that this process will have a widespread effect on interchange, according to MasterCard CEO Ajay Banga.

More than a third of small-business owners won't accept EMV chip cards by Oct. 1 — and don't plan to do so any time in the future – but they may change their minds if the decision costs them as little as $100 in fraud losses.

While tokenization does represent progress, it is important to consider whether tokenization is, in fact, enough to secure online payments. There are some vulnerabilities, and as cyber thieves grow more sophisticated, companies will have to continue to innovate better security solutions, as well as ensure the ones that are on the market are being used as effectively as possible.

Commerce Bancshares Kansas City, Mo., has found its customers want to save the planet, but don't want to put in too much effort, so the issuer partnered with Sustain:Green for cards that offset carbon emissions.

There's a classic approach behind many of the retail cyberattacks that make the news: Backoff malware, which “sniffs” the traffic that flows on a network to identify and steal credit card data passed between point of sale (POS) terminals.

Fiserv has agreed to use Fujitsu's handprint-scanning system for fraud prevention in its account-processing product.

Some critics see banks' innovation labs as wasteful, unapplied research, but Wells Fargo has embraced the trend by establishing six such labs, a so-called accelerator program and now an innovation group. The bank's Steve Ellis explains its rationale.