The Apple Pay bandwagon will have to make room for one more as Capital One has rolled out a new mobile wallet app for cardholders that is Apple Pay compatible. The app is intended to offer users a clear look at their Apple Pay transactions, in addition to...
Bank of American announced Wednesday (Oct. 1) that all consumer and small business debit cards will now have an EMV security chip included. The majority of BoA’s credit cards already come chip enabled, and with Wednesday’s announcement, the North Carolina-based bank will be the first in...
In some ways, 2014 has been the year of the retail/bank hack. Though Target capped off 2013 with the largest security breach in history, it was unable to even hold its crown for a full year before the Home Depot chased it from the throne....
There’s only one thing that you can really count on when it comes to online fraud: as soon as a better lock comes along, a better lock pick does too. That’s at least the perspective of Drew Luca, Partner and Co-lead of PWC’s U.S. Payments...
Anyone who has ever said that there is no such thing as too much security when it comes to data on mobile devices has clearly never worked for federal law enforcement. U.S. Attorney General Eric Holder followed up the announcement of his resignation last week...
Supervalu has discovered a second data breach—a “separate intrusion” potentially launched by a different sets of cyberthieves—that hit many of its grocery stores. The chain did, however, report a silver lining: Security upgrades from the first attack minimized damage from the second attack. But it...
Canadian biometrics start-up Biony has raised $14 million in Series A financing from a group of investors that includes MasterCard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....
“Cardholder data will become increasingly available to the fraud community – making it more difficult for issuing banks to identify the point of compromise, and easier for fraudsters to monetize that data they have with transactions that are reliant on card data alone,” says Nick...
What has paralyzed progress in the U.S. on the global standard for financial messaging, ISO 20022? In a word: risk. Across Europe, 20 financial organizations have already gone live with payments messaging services that meet the standard, thanks largely to the E.U.’s Single Euro Payments...
