Data and information management

A Federal Reserve task force has issued criteria for its faster payments initiative, part of a long journey to build a framework to securely and efficiently accommodate the near real-time processing for digital commerce.

At the four-month mark after the U.S. EMV liability shift went into effect, it's still a waiting game; larger issuers and merchants tend to be on top of the chip-card situation and many smaller ones are not, but experts say it's too early to draw conclusions.

ExxonMobil has expanded the rewards program on its store-branded credit cards, to provide a larger discount on fuel sales.

The best customer prospects are specific individuals, so don't fall into the trap laid by surveys and articles that recommend a grand pitch to Generation Y as a marketing strategy.

Forced to find effective ways to authenticate customers, companies are evaluating physical biometrics for web passwords. But in the mad rush for alternatives to fight account takeover, could we be making the problem worse?

HSBC is testing a new money management app that uses push notifications to nudge customers into saving more and spending less.

HSBC said a cyber attack temporarily shut down its Internet banking on Friday, the second time the bank's online services have been disrupted in the U.K. this month.

The digitizing of payment transactions has become important enough at Visa and MasterCard to remain a top investment priority, even as the networks brace for the economic fallout of collapsing oil prices and volatile stock markets.

The potential for more convergence between financial products and physical products raises a whole host of data and privacy issues that banks must deal with proactively.

MasterCard Inc., the second-largest U.S. payments network, said fourth-quarter profit rose 11 percent as consumer card spending climbed.

Many people in the payments industry believe stolen payment card industry data will diminish in its black market value as EMV approaches ubiquity across U.S. retailers. That's not the case.

Bank of America announced Thursday that it customers can now suspend their debit cards temporarily; it is the first of several new features the bank has planned for 2016 after it tripled its digital banking budget.

Splitit has expanded its interest-free installment payments technology to health care providers, enabling their patients to receive instant approval to finance health care costs through their Visa or MasterCard credit cards on file.

Discover Financial Services reported a slowdown in growth in its credit card business but vowed to take steps to reverse the trend.

Wendy’s Co., the third-biggest U.S. burger chain, is investigating reports of unusual activity with payment cards used at some of its 5,700 domestic locations.

Capital One Financial's fourth-quarter profit fell short of projections as the McLean, Va., company boosted its reserves in anticipation of higher loan losses.

Retailers often worry that their customers won't return after a breach, but as logical as this expectation is, it may be far from the truth.

CPI Card Group in Littleton, Colo., has joined the FIDO Alliance, a consortium of players in the payments security industry that works on improving authentication.

Visa has nabbed an executive from media company Time Inc. to be its chief marketing and communications officer.

To plan for the inevitable, issuers need to consider three essential risk-management strategies including a business continuity and disaster recovery plan, a diversified partner strategy, and continued education for EMV cardholders and merchants.