Data and information management

Top executives from Bank of America, U.S. Bancorp, American Express, Visa, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.

This week's White House Summit on cybersecurity at Stanford University comes at a pivotal time for payment and security professionals, who have an opportunity to cooperate to fight Internet crime.

American Express Co., the biggest U.S. credit-card issuer by customer purchases, said its co-brand and merchant agreements with Costco Wholesale Corp. in U.S. stores will end next year.

ApplePie Capital, a new marketplace lender that specializes in lending to franchises, has officially opened for business.

As e-commerce continues to grow, so does the business potential for fraudsters. And many common security measures aren't enough to solve the problem.

Fraudsters have taken to crowdfunding sites and other consumer-driven marketplaces in a new scheme designed to mask their use of stolen card data.

Mobile banking apps that allow consumers to proactively lock their debit cards, or limit their cards' use to specific scenarios, could shift the way banks manage fraud and even enable them to place some of the liability on the consumer.

Top executives from Bank of America, U.S. Bancorp, American Express, MasterCard, Microsoft and Apple are expected to participate as part of a White House summit on cybersecurity issues in California on Friday.

PayItSimple USA Inc., which enables installment payments for merchants and consumers, has integrated with online payment processor Stripe.

The central bank is floating the concept of using the Internet to facilitate the direct clearing of transactions between financial institutions, which would likely diminish its own role in the U.S. payment system.

Encryption has become a political hot potato for the Payment Card Industry Security Standards Council as it compiles a list of validated encryption vendors and services — and leaves off some companies that say they deserve to be recognized as secure.

This week's White House Summit on cyber security at Stanford University comes at a pivotal time for payment and security professionals, which have an opportunity to cooperate to fight Internet crime.

The creation of a new cybersecurity agency is the latest move by the Obama administration to combat the increasing threat of cyberattacks.

Hackers in several financial services industry data breaches targeted customer-contact information that is often thought of as less sensitive. But crooks can use that data and other bits of stolen info to do great harm.

U.S. gas stations can wait until October 2017 to begin accepting EMV-chip cards or face the consequence of an increase in fraud liability, but there's already concern that the work at gas pumps could stall.

In the year since Barak Eilam took over as chief executive officer of Nice Systems Ltd., the company topped $1 billion in revenue and the stock hit an all-time high. Analysts say more records are in store.

National Recovery Solutions, a Lockport, N.Y.-based accounts receivable company, has increased online payments by 25% and reduced delinquencies by 40% in less than a year by adding a Virtual Negotiator to its debt collection team.

Discover, the only major U.S. card brand not connected to Apple Pay, is thus one of the few major credit card issuers not shoehorning Apple into its ads. But Discover has never been one to ignore a marketing opportunity.

A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay with a credit card.

New disclosure rules from the Consumer Financial Protection Bureau don't go into effect until this summer, but lenders are already worried about compliance and fearing it may make the closing process far more difficult.