Data and information management

In the second part of a two-part conversation with American Banker, miiCard's James Varga discusses how his company leverages the trust placed in banks to create "digital passports" for consumers to prove their identities without oversharing information.

It comes as a shock to few people that we’re currently in a period of high fraud, in an environment that can be characterized with words like “high risk” and “unstable.”

After suffering a major data breach in 2008 when hackers infiltrated its payment processing network, Heartland Payment Systems took great efforts to become the poster child for digital security. But thieves found another way in.

Heartland Payment Systems has reported it suffered another data breach last month.

Intuit, which works with numerous small-business owners through its QuickBooks software and other products, is learning that convincing merchants to adopt EMV technology will require more than just educating them on the technology and the consequences of missing the card networks' October deadline.

Payments security researchers today find themselves in an awkward position and it's retailers who have put them there.

Corporate payment solutions provider WEX is introducing a fuel card that is co-branded with GE Capital.

Cloud services provider Akamai Technologies and data security vendor Trustwave are partnering to provide customers with cybersecurity defense mechanisms from their respective portfolios.

Since enterprises must maintain information about their customers, why is it that breaches happen constantly?

Retail chain Sally Beauty knows that it was sick and when. Now the challenge is to figure out what made it sick.

Over the holidays, my wife and I took a short vacation to Napa Valley. We had the opportunity to visit a number of wineries and purchase a few bottles—an experience that also demonstrated the shortcomings of antiquated card security.

A visit to an overnight shipping store in Napa Valley reveals that outdated payment-processing procedures remain de rigueur with some merchants — despite the fraud risk.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

Merchants expect that payment card fraud will migrate to e-commerce as the U.S. gets more protection at the physical point of sale through EMV chip cards. That means chargebacks, already a problem in physical retail, will escalate in e-commerce as well.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

Identity thieves stole information on 104,000 U.S. taxpayers from the IRS website and used the data to file fake tax returns that yielded as much as $50 million in refunds, agency Commissioner John Koskinen said.

One of the more difficult challenges of the U.S. EMV conversion is getting the word out, especially given the urgency of the October deadline the card networks set for a fraud liability shift.

IdentityMind Global has upgraded its fraud prevention and risk management software to enable real-time monitoring of e-commerce fraud and money-laundering attempts at financial institutions.

The state has moved against the Embassy Suites hotel chain after one of its hotels was breached, affecting about 17 customers.

Japan's NTT Docomo has become the first mobile network operator to join the Fast IDentity Online Alliance's board of directors.