Retailers, like many other businesses, have probably had their fill of fraud attempts. Unfortunately, criminals have not. Between May 1 and Dec. 31, 2018, Akamai Technologies detected more than 10 billion credential-stuffing attacks aimed at retailers, accounting for more than a third of all such attempts—28 billion—in that period. In …

As if retailers and merchants didn’t have anything else to worry about, a malware threat called IcedID wants to set itself off as a special type, says a researcher at IBM Corp. In a blog post released Wednesday, the researcher says the criminal gangs using IcedID—disovered and named by IBM …

Benefitting from a built-in customer connection, retailer wallets adroitly tap into shoppers’ purchasing habits in ways unavailable to the big tech wallets. Retailer mobile wallets are proliferating in part because the consumer can get something that she can’t with any of the tech-based apps. That is a high degree of …

Technology provider Nxt-ID Inc. said its planned spinoff of its payment assets into an independent, publicly traded company has been delayed until the first quarter of 2019 owing to the company’s inability to come to terms with its primary lender, which holds security interests in the assets targeted for the …

More than 40% of retail executives surveyed for the National Retail Federation’s latest payments study say they have already dropped signature requirements for payment card transactions or plan to do so before this year is out. Another 13% plan to end signature requirements in 2019. The actions come in the …

Online-shopping site jClub Inc. said its customers can check out with a single click on mobile or desktop devices using the Google Pay button. Google Pay is a 3-year-old mobile-payment service from Alphabet Inc.’s Google unit. Facing growing concerns about privacy protections on its popular Venmo person-to-person payments service, executives …

Notoriously picky about which payment forms it accepts, Costco Wholesale Corp. is now accepting Apple Pay, Google Pay, and Samsung Pay in its U.S. stores. With 519 locations, Issaquah, Wash.-based Costco is the nation’s third-largest brick-and-mortar retailer, according to the National Retail Federation. In its warehouse-like stores, it accepts debit …

It’s a fact of doing business that retailers have to contend with fraud. Now, the cost of managing fraud has increased, says LexisNexis Risk Solutions in its 2018 True Cost of Fraud report for retailers. For every dollar of fraud, merchants pay $2.94, a figure that is 6% more than …