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Issuers Get Combative as Target Breach Settlement Falls Apart
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.  more »
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If there was any question about the need for Congress to modernize our nation’s data-security laws, the recent settlement negotiation between Target and MasterCard should put all doubts to rest. more »
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Online payments are an unintended soft spot resulting from the EMV point of sale migration, creating an opening for security technology vendors to combat the emerging cybercrime threats. more »
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The Fast Identity Online Alliance has established its FIDO Certified testing program for products and services that support the alliance's security specifications. more »
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ATMs have long been a target of fraudsters hoping to steal a large amount of card data from unsuspecting consumers, and the problem looks like it can only get worse before it gets better. more »
Bill Nichols, CEO of AnywhereCommerce
In the payments industry, the common practice is to equate mobile merchants with micro merchants, and to put them on a back burner for things like EMV upgrades. more »
Plastc's card is built with a touchscreen and an EMV chip.
The multi-account card world is getting crowded, especially for a product segment that is viewed as a bridge between plastic and mobile, meaning any entrant to this market has a very short window of opportunity. more »
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Overall, merchants are doing a reliable job of fighting back the onslaught of e-commerce fraud, but there are some places where the defenses have dramatically broken down. more »
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More than 400,000 USAA customers, five of which are over 90 years old, have opted to use biometric traits to authenticate themselves within the bank's mobile app. more »
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"Big data" has been all the rage in the payments industry in recent years. While the hype seems to have subsided a bit, that might be because the most dedicated data-using merchants have put their heads down to focus on sifting through the data to investigate fraud. more »
Square Inc. says it has received more funding for its Square Capital program, which grants loans to Square merchants based on their transaction history. more »
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Card networks have built their legacy on transporting payments and consumer data, and over time the data itself has become far more complex. more »
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The good news is that EMV is very effective at preventing the use of counterfeit credit/debit cards at the point of sale (POS), commonly referred to as card-present (CP) fraud. more »