After complaints from merchants and an update from the Fed, Visa has modified debit routing rules, noting that merchants can route U.S. EMV debit transactions through any of more than a dozen available networks, and not just Visa's. The move could have implications for chip-and-PIN use.
Retail groups are asking Visa to clarify how it plans to level the playing field for EMV adoption in the U.S. - especially for routing EMV debit payments. In an interview, Mark Horwedel of the Merchant Advisory Group explains MAG's objections to Visa limiting merchants' transaction options for debit payments.
The success of Operation SAMBRE, a global cybercrime investigation into the theft of billions of dollars from banks throughout the world, proves why information sharing between law enforcement and the private sector is key to battling cybercrime.
A group that hacked the Democratic National Committee - believed to be operating from Russia - has resumed its spear-phishing attacks, including fake emails bearing the names of Harvard University and the Clinton Foundation.
President-elect Donald Trump will review the nation's cyber vulnerabilities at the start of his presidency, just like Barrack Obama did. But Trump hasn't demonstrated the deep understanding of cyber that Obama did when he took office nearly eight years ago.
U.K. Chancellor Philip Hammond used the launch of Britain's new five-year National Cyber Security Strategy to trumpet the country's strike-back capabilities. But other parts of the strategy - including more automated defenses - hold much greater promise.
Will the advent of faster payments in the U.S. open new doors for fraud? Business continuity and security are priorities for the Federal Reserve, says Marianne Crowe of the Boston Fed. But independent consultant Richard Party begs the question: Is the U.S. really ready?
After 10 days of Microsoft not issuing an advisory or fix for a zero-day flaw found by Google that's being actively exploited in the wild, Google publicly revealed details of the flaw. But Microsoft says that puts its users at further risk.
Some 3.2 million Indian debit cards may have been compromised, according to the National Payments Council of India. While investigations are ongoing and several banks have reissued at-risk cards, the source of the card exposure has not been officially confirmed.
When it comes to describing the top fraud threats to UK financial institutions, it's all about compromised identities and credentials, says John Marsden of Equifax. How can organisations prove their customers are who they say they are?
An online store touting Republican Party paraphernalia was one of thousands hit by sneaky JavaScript that exported payment card details to Russia. The site is fixed, but the hack underscores ongoing challenges in securing e-commerce platforms.
As U.S. ATM operators face MasterCard's Oct. 21 EMV liability shift deadline, a surge in explosive attacks against European ATMs is a reminder that anti-fraud features won't block all money machine crime.
A search warrant executed earlier this year gave authorities the power to force occupants of a Los Angeles-area house to unlock devices with their fingerprints, casting doubt on biometric defenses.
A malware-wielding gang has been targeting financial firms' SWIFT software to inject fraudulent money-moving messages since at least January in "discreet campaigns" not tied to the Bangladesh Bank hack, Symantec warns.
Fashion accessories retailer Vera Bradley says its payments processing system was compromised by a malware attack. The retailer says card transactions conducted between July 25 and Sept. 23 at some of its 35 locations may have been affected.
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