Data and information management

TSYS has signed a long-term agreement with Virgin Money to provide payment processing services for the retail bank's consumer credit card business.

Russian President Vladimir Putin has called for a national payment system, according a report of an address he delivered Thursday to the Russian parliament.

EMV-chip technology has driven down fraud on Canada's Interac debit network, but that fraud isn't moving online. It's fleeing the country.

Lawmakers keep trying to move legislation aimed at strengthening data security even if they are still not finished upbraiding retailers for recent breaches.

A growing number of home lenders are lowering their minimum credit scores in an attempt to boost origination volumes that have suffered as interest rates climb.

The security vendor Trustwave has been accused of failing to identify security gaps at Target, according to a lawsuit filed by banks for damages suffered from the holiday season data breach.

?Target Corp., scheduled to testify tomorrow about a data breach affecting millions of customers, plans to tell lawmakers it had clues about the attack weeks before responding and is exploring why it took so long to react.

Breaking into the ultra-competitive credit card market requires time, money and creative thinking. Wells Fargo is behind on the first and isn't talking about the second, but is hoping that the third can make up the difference.

Target Corp.'s massive holiday-season data breach touched card issuers of all sizes, including banks as small as StonehamBank, which leveraged technology it refers to as a "digital" employee to manage and replace exposed cards.

Visa is making its common application identifier available for Discover's Pulse debit network, marking the latest in a string of agreements that pave the way for EMV debit card acceptance in the U.S.

ID Analytics, anticipating an influx of fraud attempts on the Web, has upgraded its anti-fraud software to incorporate more information about online purchasing behavior.

Identity protection company miiCard has partnered with international payment processor eMerchantPay to offer secure online payment processing to merchants.

PayPal is expanding a merchant credit program that uses payments data to vet borrowers and collect loans.

When an office-supply store sends you a targeted offer for a new printer, the personal data the company uses to tailor its pitch is exempt from numerous consumer protection laws.

QR codes, which are commonly used in mobile wallets to link to a consumer's payment account, can just as easily link to phishing sites, malware and other nasty surprises.

Merchants who in recent years viewed mobile payments as experimental now say they consider the technology vital in e-commerce, even though many remain concerned about fraud.

The recent security breaches at Nieman Marcus and Target remind us in the payments industry that as criminal efforts to steal cardholder data become more sophisticated, so must the methods we use to prevent these crimes.

Global payments provider Payoneer will handle Google's "insurance" payments to consumers as part of the Google Trusted Stores program.

Some of the toughest types of payments fraud to combat aren't from an overseas hackers den but from everyday people misusing their own accounts or those of a relative, says Rick Lynch, Verifi's senior vice president of business development.

Credit Card penalties—like over-limit and late fees—are constitutional and do not violate consumers' due process rights, the Ninth Circuit U.S. Court of Appeals recently ruled.