One of the stumbling blocks with the global expansion of digital wallets is the resistance to payment cards in many countries, including India, China and Brazil, notes Forrester Research in a recent report.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

San Diego-based Mitek, a firm that specializes in capturing mobile data for customer acquisition, has acquired Dutch identity verification company IDchecker.

Identity thieves stole information on 104,000 U.S. taxpayers from the IRS website and used the data to file fake tax returns that yielded as much as $50 million in refunds, agency Commissioner John Koskinen said.

U.S. acquirers are looking to expand their business in emerging markets, where small merchants are starting to enter the commercial framework.

PORTSMOUTH, N.H. — Service Credit Union members don't have to remember usernames or passwords to access accounts and conduct transactions. If they own certain Apple devices, they just need a finger and an application called Touch ID.

China UnionPay Co. introduced the nation’s first wearable payment product as the giant of the Chinese industry moves to defend its turf from other service providers.

Identity thieves stole information on 104,000 U.S. taxpayers from the IRS website and used the data to file fake tax returns that yielded as much as $50 million in refunds, agency Commissioner John Koskinen said.

One of the more difficult challenges of the U.S. EMV conversion is getting the word out, especially given the urgency of the October deadline the card networks set for a fraud liability shift.

Visa and MasterCard's support for host card emulation (HCE) is a boost for mobile pay, though there are still security concerns.

IdentityMind Global has upgraded its fraud prevention and risk management software to enable real-time monitoring of e-commerce fraud and money-laundering attempts at financial institutions.

The state has moved against the Embassy Suites hotel chain after one of its hotels was breached, affecting about 17 customers.

Japan's NTT Docomo has become the first mobile network operator to join the Fast IDentity Online Alliance's board of directors.

Visa Europe is opening an innovation hub in Tel Aviv, just weeks after opening its Visa Europe Collab in London.

New software aims to help prevent wireless network hijacking, or "commjacking." But there are also steps banks can take on their own to protect employees and customers from this seldom-discussed but ever-present threat.

Alibaba has started using a modified version of a QR code to fight counterfeit fraud and enable individualized marketing. And the payments potential for such an offering is huge, delivering something akin to a non-wireless version of item-level RFID.

The proposed $19 million settlement to cover financial institutions' losses from the Target data breach in 2013 has failed, and financial institutions believe public data security fears provide a strong hand in future talks.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did, the companies said. Banks and credit unions will fight for a better deal.

Carolina Bank's growth, and a corresponding increase in remote workers, drove the CEO and IT department to seek technology tightening access to its systems without making it harder for employees to log in.

MasterCard issuers had to cast at least 90% of their votes in favor of the Target settlement by May 20, and not enough did. CUs and banks will now fight for a better deal.