New exploits linked to Apple Pay aren't compromising the mobile device's security, but instead are taking advantage of lax authentication practices used by banking institutions to verify cards that are loaded to the iPhone for Apple Pay purchases.
NACHA is already laying the groundwork that will help make the Federal Reserve's faster payment plan a reality while ensuring security and reducing fraud, says Jan Estep, NACHA's president and CEO, in an exclusive interview.
The White House Summit on Cybersecurity and Consumer Protection late last week served as the stage for more than a dozen companies and trade groups to announce new initiatives aimed at securing Internet transactions and payments and reducing fraud.
On the heels of the FFIEC's new business continuity guidelines, Deputy Comptroller Beth Dugan hints that new guidance related to cybersecurity risks affecting payments and mobile transactions may be coming.
Visa executive Kimberly Lawrence contends that the ongoing U.S. migration to EMV is progressing more rapidly than in other markets that have made the transition, requiring outside-the-box rules for debit transactions and cardholder verification.
ICICI Bank has launched a new payments service to enable customers transfer funds via twitter. Can it ensure a secure transaction and reach its goal of enabling Gen Y to leverage the service effectively?
As a result of President Obama's "Buy Secure" initiative, the federal government this month is kicking off its chip-and-PIN rollout. Fraud experts now debate what impact the move will have on banks' EMV chip-card strategies.
Is Amazon India on the verge of extending its online payments gateway to offline sellers and kiranas? And if so, what are the potential business implications and security risks for Indian organizations?
Banking experts disagree about whether the Supreme Court's decision to uphold the Fed's debit interchange fee structure will have an impact on financial institutions' EMV investments and long-term fraud prevention strategies.
In the aftermath of a payment card breach, as fraudsters race to exploit the stolen information, card issuers and affected customers take steps to mitigate risks. Here's a look at the lifecycle of a payment card breach from three perspectives.
The U.S. likely won't complete its implementation of EMV for many years to come, despite the October 2015 liability shift date for counterfeit card fraud, many forecasters say. And until it's fully deployed, EMV will have little impact on fraud.
The globalization of fraud waged by organized crime has spurred new cross-channel attacks and is affecting how ATM operators approach data security, executives from three of the world's leading ATM manufacturers explain in this exclusive interview.