A new tactic has been discovered that lets fraudsters keep their online crimes going even as authorities are identifying and shutting down phishing sites. RSA Security Inc., whose RSA Cyota Anti-Fraud Command Center discovered the new tactic, says it is called a smart redirection attack and is intended to make …

More banks are reissuing debit cards as suspect transactions pop up throughout the United States and other countries, according to media reports this week. Investigators believe many of the transactions could be related to a security breach at a merchant facility in California that happened late last year, but the …

The battle over interchange, which has already spawned some 47 antitrust suits against the bank card networks and major banks, reached the U.S. Congress today as advocates for both retailers and banks traded sometimes barbed arguments before a panel holding a one-day hearing to look into the networks' pricing mechanism. …

December was an ominous month for banks, retailers, processors, and other service providers concerned about the safety of the Internet commerce channel. Although the reported number of phishing incidents declined in the last month of last year, that drop masked alarming increases in the number of malicious Web sites launching …

Morgan Stanley's Discover Financial Services LLC today launched a signature-based debit card, dubbed Discover Debit, as the second major prong in its debit card offensive. Because signature-based debit delivers higher income to issuers than PIN debit, observers have looked for such a product from Discover ever since the Riverwoods, Ill.-based …

CyberSource Corp.'s acquiring business now accounts for fully a quarter of revenue for the Mountain View, Calif.-based provider of gateway and fraud-management services for e-commerce merchants, the company announced today. That represents significant growth from a year ago, when the fledgling acquiring business, in which the company offers and supports …

A startup company led by the former head of a processor of automated clearing house transactions is readying a network that will allow consumers to use their driver's licenses to pay for goods at the point of sale. Boulder, Colo.-based Combined Payments Network LLC plans to formally unveil its product, …

Afer a let-up last summer, the phishing scourge appears to be getting worse. The Anti-Phishing Working Group reports the number of unique phishing attacks grew 6.7% in November over the count in October, to 16,882. This represents a new record high for the online fraud, in which criminals use bogus …

Deep discounts on interchange rates for Internet transactions authenticated through MasterCard International's SecureCode technology are taking effect just as the security system appears to be attracting more issuers and online merchants, according to a vendor of online authentication systems that supports both SecureCode and Visa USA's rival Verified by Visa …

The phishing scourge made a comeback in October, hitting a new record level after three straight months of decline. The number of reported, unique phishing e-mails came to 15,820, up 17% from the 13,562 reported in September, according to the Anti-Phishing Working Group, a consortium of electronic payment companies, software …