Data and information management

The October 2015 “liability shift” date has come and gone. For years leading up to it finance and payments pundits (and eventually the general population) discussed the impact of this date to force merchants to migrate to EMV-enabled credit cards, from the decades old magnetic stripe standard.

Customer expectations for digital are a moving target, and banks and their vendors are quickly trying to figure out which products and services to add next.

Video games have long been supportive of new payment systems, in part because many games cater to an audience that may be too young to have a traditional bank account or credit card. But can gamers also be a good target market for financing?

In a few instances, banks have temporarily blocked data aggregators from screen scraping customers' bank account information. Are the banks exercising appropriate judgment or obstructing potential competitors?

While cybersecurity has already been part of bank exams for years, the Federal Deposit Insurance Corp. is highlighting it as a separate comment in order to ensure the issue is getting appropriate attention from bank executives and boards.

The EMV migration in the U.S. has been slow, but there are technology alternatives that allow for fast and accurate deployment of chip cards.

MasterCard is extending its Zero Liability protection to cardholders and small businesses in all of its markets in an effort to recalibrate the program to match the realities of digital commerce.

Criminals hoodwinked banks, credit-card networks and a payment-security firm while moving hundreds of millions of dollars, according to the U.S. government. It won't be easy to stop it from happening again.

Federal prosecutors on Tuesday charged three men in connection with the mass hack attack on JPMorgan Chase that took place in June 2014.

The New York banking regulator announced Tuesday it was working on new cybersecurity requirements even as bankers pushed agencies to further harmonize their efforts.

The American Bankers Association is deemphasizing the crisis-era fight over regulation and refocusing on the rising competitive threat posed by technology companies.

BMO Financial Group has recruited Niti Badarinath from U.S. Bancorp to manage its online, mobile and physical channels in North America.

Federal prosecutors on Tuesday charged three men in connection with the mass hack attack on JPMorgan Chase that took place in June 2014.

The glacial pace at which card providers and merchants are adding EMV chips to their cards and payments systems benefits no one, and opens new possibilities for card fraud.

The massive amount of data collected by risk management systems often calls for a human to spend time deciphering the information and reporting on the findings. Chicago-based Narrative Science wants to automate that process.

Buying stolen data is an effective way for banks to determine the source of a breach. But fraudsters are increasingly putting up roadblocks because such deals might make it tougher for them to break in next time.

China's largest telecom technology testing laboratory plans to use a Fime tool to strengthen the country's mobile security.

Mobile payments is the next “big thing” for consumers. But how can we keep it from becoming so for hackers as well?

With Visa Inc. set to merge with Visa Europe, the U.S. company stands to benefit from the experience its London-based counterpart has in mobile and digital payments. It could also supercharge these projects with added resources.

There are many potential buyers of stolen bank account data, including the banks themselves. But fraudsters are increasingly reluctant to sell their data back to its original owner.