Data and information management

The House Oversight Committee, which earlier this year admonished the Department of Justice over its tactics for combating fraud in the payments system, has turned its focus to the role of the Federal Trade Commission in the ongoing crackdown.

Interactive Voice Response (IVR) technology can be a huge help for payment collectors, from allowing customers to make payments over the phone to simply checking their balance.

MasterCard now offers an anti-fraud tool called SafetyNet, designed to protect banks and payment processors against hackers.

The recent exploit of Signature Systems terminals, used by Jimmy John's restaurants and other clients, shows that the point of sale is still a key target for hackers. And the addition of EMV-chip technology won't scare them off.

Techniques used to fund terrorism and launder money evolve rapidly. At the moment, new payment methods, specific conventional banking areas and even charities and non-profit organizations are all targets for launderers.

Capital One's new Capital One Wallet is a cardholder app for Apple's devices that uses an Android-like pattern-recognition feature for authentication.

Elliot Salzman, an executive at the $76 billion-asset BBVA Compass, belongs to a small club of lenders: those willing to take a chance on making home loans to risky borrowers.

We usually think of card fraud as hurting just the merchant who accepts the card, but when one merchant accepts payment from a stolen card it hurts other merchants.

The data breach affecting 216 of Jimmy John's restaurant locations had, at its source, an increasingly common exploit: remote-access passwords.

Banks will listen carefully to what regulators say next about virtual currency in the U.S., but in the meantime many financial institutions view Bitcoin as far too risky to touch.

FleetCor Technologies is providing outsourcing services for Shell fuel cards in Germany.

Even though the U.S. has suffered a flood of retail data breaches, the payments industry has to take a global view of any security measures it adopts.

More than half of the value of B2B receivables 90 days or more overdue were written off as uncollectable by businesses in the U.S., Canada, Mexico and Brazil, according to the latest Atradius survey of B2B suppliers in those countries.

Are you in the cloud, or are you just making use of cloud technology?

The payments industry has turned its attention inward, focusing on securing its own technology from fraudsters without driving off their customers.

WASHINGTON — Congress should revisit the $50 billion-asset test used to subject larger banks to enhanced regulations and allow supervisors to look beyond an institution's size to assess its riskiness, Comptroller of the Currency Thomas Curry said Monday.

Apple, Samsung, PayPal, Square, Google Wallet among others along with countless financial institutions and retailers are fiercely marketing their applications to enable mobile payments.

Jimmy John's, a sandwich-shop chain based in Champaign, Illinois, said a hacker infiltrated payment systems at about 216 of its locations and stole credit- and debit-card information.

Fifty-two percent of millennial respondents in a Zogby Analytics survey sponsored by Mitek Systems, a mobile imaging tech provider, perceive native apps as a safer solution than mobile websites for purchasing and banking.

News of a data breach at Home Depot stores throughout the U.S. and Canada is compounding fears on the part of card holders that “big box” and other retailers can do little to protect them from credit and debit card fraud.