by Computer Services, Inc. (CSI) Now, more than ever, achieving a 360-degree view of customers is essential for optimized and effective anti-money laundering (AML) compliance. Financial institutions, including banks, investment firms, and insurers—and the services they offer both retail and corporate customers—have grown in size and complexity …

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …

Another day, another data breach. But each one has lessons for the payments industry, and that includes the breach disclosed Tuesday by online travel-services provider Expedia Inc.’s Orbitz subsidiary. Hackers accessed one of Orbitz’s older systems and thereby may have exposed 880,000 payment card numbers on file, according to press …

Visa Inc. CEO Alfred Kelly told CNBC that Bitcoin currently is a “speculative commodity” and not “a payment-system player.” Visa only will process fiat currency transactions, Kelly said at the National Retail Federation’s annual conference this week in New York. Varo Money Inc. said it raised $45 million in a …

Cyber fraud has matured into a solid industry, where economies and efficiencies count. So the lion’s share of hacking efforts is directed at large databases, where a breach is a gift that keeps on giving (as long as it is well-managed). Financial institutions and online merchants, in particular, use databases …

The first Bitcoin futures contracts began trading at 6 p.m. Eastern Time Sunday and almost right away the volume of activity crashed a Web site operated by the exchange, Cboe Global Markets Inc. After an initial run up, Bitcoin was trading around $16,500 by 10 a.m. Monday. A rival exchange, …

The plague of data breaches is bad enough. What’s worse is the impact it’s having on outdated and overburdened systems. Here’s what can be done about it. Every year, more and more consumers fall victim to card-payment fraud. Fraudsters are adapting quickly to security measures, exploiting human trust, and finding …

Mastercard’s decision to remove the  signature requirement comes as authentication  measures improve in the payments industry.  But what comes next is still a huge question. As unique as signatures are, their value as a way of authenticating a credit or debit card transaction has long passed, a realization many consumers …

Experts are just about unanimous in arguing the password must be replaced for digital authentication. But with what? Here are some considerations payments executives might ponder. Commerce and banking are increasingly digital. E-commerce is growing 10% to as much as 40% in many markets, while brick-and-mortar growth is in the …

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 …