This case study delves into how El Paso Area Teachers Federal Credit Union was able to use strong authentication to simultaneously:
Secure access to all applications
Eliminate the cost and frustration of password resets
Improve employee productivity and satisfaction
A Michigan credit union's bold move to block members from using their payment cards at all Wendy's locations following a malware attack won't do much to stop fraud. But it does send a strong message that the financial institution doesn't think Wendy's has done enough in its efforts to protect customers.
The rising cost of pharmaceuticals is an unfortunate reality that can render patients unable to afford medication. This struggle was evident to Dr. Michael Rae who created the Rx Savings Solutions app that helps consumers save on prescription costs. Dr. Rae is a medical expert, but since technology is not his forte,...
Same-day Automated Clearing House (ACH) payment processing became a reality. While this represents a terrific opportunity for banks to be responsive to their customer's requirements for faster ACH payments, plus the ability to attract new customers from banks who choose not to offer the same level of responsiveness,...
In the wake of this week's rollout by NACHA, The Electronic Payments Association, of same-day ACH payments in the U.S., fraud departments at originating and receiving banks should be bracing for the new risks posed by faster payments, says NACHA's Jane Larimer, who offers insights on steps to take.
As the U.S. ramps up its migration to EMV chip payments over the next three to five years, fraudsters will shift their attention to mobile wallets, says Al Pascual of Javelin Strategy & Research, who describes why in this video interview.
Cybersecurity has emerged as a key risk factor during the due diligence process of any merger and acquisition. Just being part of an M&A deal - whether you're the acquirer, seller, advisor, or vendor providing related services to a company involved in M&A - makes an organization an attractive target to hackers.
The National Automated Clearing House Association (NACHA) issued a new directive to catch up with evolving payment processing trends for financial institutions around the world. These changes will allow banks to make clearance of payments faster, improving the customer experience, but open the door to potential fraud....
It's easy to look at the payments landscape and see only the flaws. But payment card security has come a long way in the past 10 years, thanks in large part to the PCI Data Security Standard. How will card security be refined in the coming decade?
The breach of an offshore account owned by Union Bank of India is raising new questions about the security of interbank payments, which often rely on antiquated backend verification processes that fraudsters seem to be compromising with relative ease.
An investigative report from Reuters paints a disturbing picture of the Federal Reserve Bank of New York using antiquated security practices to safeguard interbank SWIFT payments. Here's how security experts say interbank transaction security must be improved.
The Federal Reserve's strategy for oversight of the U.S. migration toward faster payments won't change in the wake of the heists that exploited SWIFT payments, says Fed official Marianne Crowe. The long-term security of U.S. payments has always been a priority for the Fed's study of faster payments, she says.
While many banks and merchants in Britain, France and Germany have long complied with the PCI Data Security Standard, deregulation has led organizations in other European countries to start taking PCI compliance more seriously and use it for competitive advantage.
Interbank messaging service SWIFT will begin collecting and sharing anonymized attack information and offering incident-response services - backed by Fox-IT and BAE Systems - to help hacked banks. But will financial institutions buy in?