No, this isn't about using Watson AI systems to identify fraudsters by gazing deep into their eyes: IBM has acquired a German machine learning software firm called Iris Analytics to bolster its antifraud software.
Three representatives of small businesses said at a U.S. House subcommittee hearing that new chip-embedded credit cards need to have added PIN security instead of the chip and signature favored by most banks and card companies.
A cybercriminal network that caused at least $10 million in losses has been disrupted by U.S. and U.K. law enforcement, with the U.S. seeking a Moldovan man's extradition, the Department of Justice said.
The FBI posted an online advisory about vulnerabilities with new chip-enabled credit cards, but then removed the message on Friday, less than a day later, following concerns from U.S. bankers that support chip cards.
Banks and credit-card companies claimed Wednesday that roughly half of U.S. consumers have received a new chip credit or debit card, while retailers continued to bemoan the chip card conversion process as too slow, too expensive and...
The top attorney for the powerful National Retail Federation blasted banks and credit card companies on Tuesday for problems and costs with the massive ongoing U.S. rollout of computer chip cards and chip card readers.
The nation's retailers bear a huge share of the burden of converting to more secure chip card technology, even as banks have been shipping updated chip credit and debit cards to millions of customers for months.
New York State's financial regulator issued its first bitcoin license, bringing consumer protection, compliance and cybersecurity guidelines to what still is very much the wild west of the financial industry.
Financial executives live and die by their spreadsheets. Indeed, it is a right of passage within finance departments to develop high levels of proficiency using pivot tables. Incase is killing a few of those sacred cows and leveraging...