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U.K. Payment Troubles Reveal IT Pressure for Banks
Three large U.K. banks have suffered recent payment glitches, including temporary outages at HSBC, Natwest and Royal Bank of Scotland—suggesting existing bank payment systems are challenged to process digital transactions.  more »
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Hoteliers, U.S. military brass and bankers are in very different lines of work, but they share at least one common concern—cybersecurity. more »
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Even though consumers generally avoid liability if their payment card or account is breached, their troubles can go well beyond the initial financial hit for the bank or merchant, said long-time data security expert Brian Huntley. more »
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Western Union has restored its outbound money transfer service from Greece, following its June suspension due to a temporary shutdown of Greek banks amid the escalation of the country’s debt crisis. more »
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This fall, the United States will finally transition to EMV—but it’s too little too late. more »
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Hackers can already take control of a car. And as vehicles become rolling shopping malls, cybercriminals will have an opportunity to snatch your identity, too. more »
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Fidelity Investments is considering dropping American Express and Bank of America to find new partners and better terms for one of the top-rated cash-back credit cards in the U.S., according to people with knowledge of the matter. more »
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Logos on the door of a Wyndham property.
When a federal appellate panel sided with the U.S. Federal Trade Commission (FTC) against the Wyndham hotel chain this week, it cemented the FTC as a power to be reckoned with for companies that have poor security. more »
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Many Americans who travel abroad have already experienced the changes that chip technology will bring when chip technology rolls out widely this year. more »
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Following its massive 2013 data breach, Target vowed to accelerate its EMV-chip card migration, but the retailer still just barely made the card networks' deadline. more »
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Wireless transactions provider Apriva and payment technology services company Global Payments have teamed up to release a white-label EMV mobile payment offering. more »
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More than 212 million biometric authentication devices will be shipped over the next decade for use in financial services, according to recent Tractica market research. more »
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In a case testing regulators' authority to police companies' cybersecurity practices, a U.S. appeals court said Wyndham Worldwide Corp. must face a suit in which it's accused of failing to secure its computers from Russian hackers. more »