Data and information management

With the introduction of Apple Pay, mobile wallet payment systems promise to disrupt long stagnant payment card status quo. But will these new services make our data and transactions safer?

Cloud-based payments and financial services provider Bottomline Technologies has acquired Intellinx Ltd., enabling it to offer clients anti-fraud and risk management software.

Organizations may be being misled about their security risk exposure, and are in serious danger of becoming victims of a security breach, which has become a major problem for merchants and payment companies.

EMV cards are moving payments security in the right direction. But if hackers tamper with the hardware or associated software on merchants' EMV-enabled equipment, they can silently spirit off customer data.

It’s taken the U.S. years to embrace, but the migration to Chip and PIN payment technology and its associated “liability shift” will finally happen in 2015.

Processor First Data is working more closely with long-time partner Underwriters Laboratories to speed up the EMV testing process and certify the chip-card technology in the U.S.

Payment companies and merchants are taking the wrong approach to cybersecurity if they address problems only after they arise.

The White House rolled out several more cybersecurity provisions on Tuesday, including a proposal to better coordinate information sharing between the government and the private sector around cyberattacks and emerging threats.

Banks can be compliant with cybersecurity guidelines and still remain vulnerable to massive liabilities. One case in point: many financial institutions carry mandatory insurance policies that could leave them on the hook for six-figure losses from corporate account takeovers.

In taking on contingent acquiring liability, merchant acquirers risk substantial exposure to financial losses in the event of client insolvency.

While many agree that usernames and passwords should give way to more advanced identity management, progress toward this goal has been extremely slow.

A new push by President Obama to tighten cybersecurity at banks and other businesses could help light a fire under some firms that have historically been slower to react in the wake of a data breach and help financial institutions dealing with a tangle of confusing state laws.

PayPal is enabling monthly installment for larger purchases and offering business consulting, a move that will allow the company to handle larger transactions and extend its merchant services.

Stage Stores, a department store chain based in in Houston, has beefed up its payment security with technology from Chase Paymentech and Ingenico.

Customers affected by cyberattacks frequently direct their wrath at financial institutions, whether or not a bank is responsible for the breach. Therefore banks need to have a strategic communications strategy in place.

On the heels of the recent barrage of payment card theft, banks are scrambling to roll out EMV based solutions, but is it enough?

French payment companies are stepping up the use technology that can spot certain types of card fraud that are not prevented by EMV-chip security.

One of the clearest things that sets Apple Pay apart from other mobile wallets is its incorporation of Touch ID fingerprint recognition. Now that Apple has opened up Touch ID to outside developers, the fingerprint tech is spreading throughout — and in some cases beyond — Apple's ecosystem.

Until last April, the young adviser now at the center of Morgan Stanley's massive client data breach was a sales assistant who spent the majority of his career under the tutelage of one the firm's wealth management teams.

Kofax, a financial technology company in Irvine, Calif., on Thursday released a product that allows lenders to capture and process electronic signatures.