Data and information management

Visa Europe may find itself in a damage control mode after researchers say they found a flaw in the brand's contactless cards, but the organization is expressing confidence in its security.

MasterCard Inc. will integrate the global consultancy firm into MasterCard Advisors, the professional services arm of MasterCard that provides transaction data and analysis to issuers and retailers.

As Apple and the Merchant Customer Exchange battle it out over smartphone-based payments, Royal Bank of Canada and MasterCard are jumping past the phone to cement their roles in the fast-growing market for wearable payments.

Tokenization, a security method that eliminates account data from exposure, is fast becoming linked to the advancement of mobile payments. American Express' latest service is designed to push both technologies along.

Airlines are looking to new technology to mitigate loyalty program fraud, which has typically been difficult to control.

The payments industry has long been creating new innovations to combat fraudsters in order to create a secure environment for financial transactions.

JetBlue Airways Corp. is in talks to replace American Express Co. as its credit-card partner, according to two people briefed on the matter.

The PCI Security Standards Council on has released updated standards on ways to promote company-wide security awareness.

Fraudsters are quickly developing a way to sidestep EMV-chip security ahead of the U.S. card networks' October 2015 deadline for adopting the technology.

Financial institutions all over the U.S. are making decisions about how they will implement and manage their EMV infrastructure moving forward; decisions that will impact their operations for years to come.

About 60% of the first cards loaded onto Apple Pay are Visa cards, and the card network plans to build on this beginning in an aggressive mobile commerce strategy, according to CEO Charles Scharf.

Regulators are turning up the heat on overdraft fees and, increasingly, so are banks.

The Merchant Customer Exchange is informing individuals and businesses involved in the testing the venture's CurrentC mobile payment system that "unauthorized third parties" have obtained some of their email addresses.

WEX Inc.'s virtual card business has continued to grow as the company makes more payments to hotels for its online travel company clients.

This year has been so bad for merchant data breaches that President Obama felt the need to advance the timeframes to be EMV-compliant at government points of sale.

Even after partnering with MasterCard, Zwipe has a long journey ahead before its contactless cards with fingerprint authentication see mass adoption. But the high-tech cards have the potential to suppress fraud and deter security breaches beyond what traditional EMV-chip cards can do.

Designed as an alternative to current payment systems, digital currencies, such as Bitcoin, XRP and Dogecoin, are a way for people to track, store and send payments over the internet. They are intended to make payment processing cheaper and faster.

Walmart and Best Buy were up-front about their disinterest in Apple Pay; CVS and Rite Aid followed after the fact. Reportedly, these Merchant Customer Exchange participants are placing their bets on the group's upcoming CurrentC wallet, but there's another reason they may want to distance themselves from Apple Pay.

Visa, MasterCard, American Express and Discover have placed a timeline for U.S. EMV adoption, in the form of liability shifts, which has elevated chip card migration from conceptual to imminent.

With the EMV migration in the U.S. in full swing, fraud is making its own migration to card-not-present (CNP) transactions, and one way to thwart the fraudsters is a digitized card security code—provided the technology can be produced for a mass audience.