Issuing/Originating

The fourth-quarter holiday shopping season may be a big present in the form of more sales for retailers, but it may also bring with it a lump of coal in the form of amped-up cyberattacks and fraud attempts. Two of the most beneficial measures retailers can take to secure their …

Security professionals have been warning about the data-security risks of connecting millions of non-computer devices to the Internet, and those warnings appear to be making an impact. Newly released results of an international consumer and business survey by payment-security technology provider Gemalto NV say that 90% of consumers lack confidence …

Financial institutions are realizing that a smooth experience is as important to consumers when identifying themselves as the authentication strategy itself, regardless of the channel consumers use to access their accounts. This finding is part of a new study from NICE Actimize, a Hoboken, N.J.-based provider of risk-management and compliance …

Mastercard Inc. enjoyed a strong third quarter, and Tuesday morning its top executive was not shy about celebrating some of the trends that he expects will further lift results for the world’s second-largest payment card network. These include recent acquisitions, a global partnership with PayPal Holdings Inc., and budding developments …

The Western Union Co. this week positioned itself to fend off competition from peer-to-peer payment services by partnering with Mastercard Inc. to integrate Mastercard Send into its money-transfer service. The service, which is expected to be available in only the United States starting in early 2018, will allow consumers to …

Despite non-stop news reports about data breaches, Americans over the past year have gotten sloppier about their usage of passwords to protect their financial accounts online. That’s the word from research firm Aite Group LLC and Visa Inc., which recently announced results of their second annual Global Security Engagement Scorecard …

Mastercard Inc. is doing away with a rule requiring merchants to get signatures for transactions made with its credit and debit cards in the United States and Canada. Announced early Thursday, Mastercard’s rule change goes into effect April 13, 2018, allowing issuers, merchants, and processors time to make adjustments, though …

Issuers, merchants, and processors all share the same dilemma when attempting to authenticate an online identity. They are bedeviled by personally identifiable information easily accessible to criminals that they can use to spoof authentic consumers. In response, Visa Inc. on Thursday announced the Visa ID Intelligence service, which it says …

For U.S. Bancorp’s Elavon unit, merchant-processing revenues were down slightly in the third quarter, to $405 million, compared to a year ago, according to the bank’s earnings release. But revenue year to date is up 0.2%, at $1.19 billion, compared to the same period in 2016. Payment card manufacturer CPI …

The first big wave of Apple Pay contracts are expiring this month, and a big question for both Apple Inc. and the financial institutions that committed to support the computing giant’s mobile-payments app is whether to renew, and under what terms, in the face of less-than-spectacular results for mobile payments …