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Fears Still Rampant Despite EMV, Biometric Security Advances
Because of zero liability rules, consumers rarely share the extent of the concerns banks have over account security. But their fears might be growing.  more »
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The son of a Russian lawmaker was convicted of orchestrating a global hacking bonanza in what a U.S. prosecutor called one of the most prolific credit card trafficking schemes in history. more »
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It would have to take something big for consumers to flock to a mobile wallet en masse. Whether it meant to or not, California-based RadPad found out what consumers wanted, but it wasn't prepared for the aftermath. more »
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American banks are emerging from one of the most challenging decades for any industry in history, and one area that is showing a potential way forward is payments. more »
Bloomberg News
If there is a takeaway from Citigroup's not-quite-stellar rollout of the Costco Anywhere Visa card, it is this: Even in modern times, the transition of large card portfolios from one issuer to another can prove disastrously complex. more »
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The recent hack of the DAO (short for Decentralized Autonomous Organization) and the subsequent reversal of funds on Ethereum's blockchain should finally put an end to a decentralization charade. more »
There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season. more »
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The recent security incident involving Oracle POS systems demonstrates once again that no system is immune to security breaches. more »
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With all the innovation and momentum around consumer wallets and payments, payment security is a huge concern to banks, merchants, issuers, payment networks and any new wallet provider. more »
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The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming. more »
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Blockchain technology is often suggested as an answer to the financial world's security problems. Banks on the Swift network are being hacked? Put those international wire-transfer instructions on a blockchain. Card-not-present fraud is up? Well then, merchants should just let people pay with bitcoin. Problem solved. more »
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Eddie Bauer acknowledged that a data breach compromised credit cards used in its 350 stores during the first six and a half months of 2016. more »
Bloomberg News
American Express Co. came close to reclaiming its once highly touted crown in J.D. Power’s credit-card customer satisfaction ranking, but lost again to Discover Financial Services. more »