Analytics

Visa and MasterCard are putting more resources than ever behind their tokenization services as they push to improve their standing in the overall digital payment market.

The Consumer Financial Protection Bureau has fined a medical debt collector and ordered the company to provide financial relief to consumers for mishandling credit-reporting disputes.

Banks are becoming interested in behavioral biometrics, or turning a consumer's unique physical handling of a mobile device into a security profile, but the more appealing use case could be for payment acceptance.

Financial services technology provider Fiserv has updated its capabilities to handle EMV-chip card production entirely in-house.

Most passwords rely too much on pet names, anniversary dates and other easily-guessed concepts. But replacing those words with pictures could provide a substantial improvement in security.

The nature of fraud in the U.S. is about to change radically, as fraudsters adapt to EMV security at the point of sale by shifting their attention to e-commerce channels. Accompanying this shift are changes to the consumer's role in spotting fraud — but this could be as much a burden as it is a benefit if banks and merchants are not careful.

Royal Bank of Scotland Group Plc said some customer payments went "missing" at its consumer bank in the latest glitch after the lender was fined for a computer failure.

Payment processor Elavon has signed a multi-year agreement to provide payment gateway and security technology to Wyndham Hotel Group.

Uber is a successful but sharply divisive brand. To Capital One, Uber is also an ideal partner for reaching a millennial customer base that would rather pay for everything through an app.

MasterCard will begin offering tokenization for app, e-commerce and recurring payment programs as it expands MasterCard Digital Enablement Services (MDES).

As Apple Pay grows, the security of Apple's mobile devices becomes more critical. With fingerprint identification built into every new iPhone built since 2013, why is Apple now strengthening its rules for PIN authentication?

Before Target, there was TJX, the major 2007 breach that impacted about 45 million credit cards. The crime and its prevention were basic, and provide a lesson for today's retailers that are battling a new wave of data theft.

Reconnecting to his youthful punk rock days, billionaire Sir Richard Branson's Virgin Money U.K. is offering a credit card featuring the Sex Pistols.

Citizens Financial in Providence, R.I., has signed a five-year agreement to outsource some of its IT infrastructure to IBM.

Banks are under significant pressure to modernize payments or lose customers to more nimble digital challengers. But regulatory obligations, which at times hold banks back from being innovative, are also the reason banks become the hero in resolving disputes over charges.

The October deadline for EMV-chip card adoption is fast approaching, and banks that are behind the curve are turning to instant issuance to quickly get chip cards into the hands of their customers.

The Bitcoin Foundation's goal of promoting the new digital currency was quickly overshadowed by the personal and legal problems of its management. Now, under new leadership, the group aims to return to its original mission.

PayItSimple is extending the distribution of its installment payment technology by partnering with merchant services company North American Bancard (NAB).

A criminal planting malware to render payment card data unusable and seeking a ransom from the victim to decrypt it, on average, is getting an astronomical 1,425% return on his investment, security vendor Trustwave says.

Merchants face a confusing onslaught of terminal updates, encryption, tokenization and EMV, placing organizations like the Payment Card Industry Security Standards Council (PCI SSC) in the role of trying to make sense of the changes.