Credit Cards

Wider availability of technology that would have been nearly unthinkable only a few years ago is making biometric authentication a more likely replacement for the password. In the latest development, Discover Financial Services on Thursday announced users of its mobile app who own an iPhone X can log in to …

Gas stations caught a lucky break a year ago when Visa Inc. and Mastercard Inc. postponed their planned October 2017 EMV liability shifts for unattended fuel pumps for three years. Almost no convenience store or stand-alone gas station chain would have been ready by then, retail petroleum executives say, and …

The seemingly unending growth in online shopping is doing more than closing physical stores. The point of sale in the stores that remain is changing, and along with it, payments providers, says Javelin Strategy & Research in its “2017-2021 Retail Point of Sale Payment Forecast.” As consumers continue to increase …

American Express Co. on Monday became the third of the four major U.S. card brands to announce it will cease requiring signatures for transactions made with its cards at the point of sale beginning in April 2018. AmEx says its rule change applies to all point-of-sale purchase transactions globally, a …

Whether he intended to or not, Ken Chenault may well have touched off a debate about what constitutes the ideal governance structure for a global payments network. Chenault, who will retire early next year as chairman and chief executive of American Express Co., charged this week that his two big …

Discover Financial Services cardholders soon won’t have to sign for their credit and debit transactions made at the point of sale. As of April 2018, Discover is dropping the signature requirement for transactions made on the Discover Global Network in the United States, Canada, Mexico, and the Caribbean, the Riverwoods, …

Credit and debit card fraud at the point of sale is declining precipitously two years after the payment card networks’ EMV chip card liability shifts took effect, but identity, online, and so-called fallback fraud all have risen, according to an analysis of card issuers’ experiences from Auriemma Consulting Group. New …

Target Brands Inc. finally unveiled its long-rumored mobile-payments service. Announced Monday, Wallet resides in the Target app for iOS and Android devices. Consumers can only enroll a Target RedCard, available as a debit or credit card, in the app. Target gift card enrollment is coming, too, the company says. To …

Fraudsters have caused 1,202 data breaches this year as of Nov. 29, up nearly 18% from the same period a year earlier, and they’ve exposed 172.4 million records, according to the latest figures from the Identity Theft Resource Center. Some 156.4 million Social Security numbers were compromised in the breaches, …

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …