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The deployment of Consumer Device Cardholder Verification Method (CDCVM) solutions across the payments ecosystem is increasing.

FIS is to buy Worldpay for $35 billion, in a blockbuster deal which exemplifies the trend towards large scale consolidation in the payments processing space.

The Monetary Authority of Singapore (MAS) will give banks and credit card issuers more time to adopt the E-Payments User Protection Guidelines (“Guidelines”).
The Guidelines aim to set standards in the following areas:

UK consumers' association Which? has hit out at much of the banking industry for failing to protect online customers with two-factor authentication (2FA).

Customer card data from nearly all of Pakistan's major banks has been stolen in a cyberattack, says the country's Federal Investigation Agency (FIA).

EverCompliant, the payments industry leader in online Anti-Money Laundering specializing in business cyber intelligence, announced today the launch of eKYC Discovery, a tool that addresses potential gaps in the Bank Secrecy Act and Anti-Money Laundering-mandated Know Your Customer (KYC) processes that could leave financial institutions exposed to criminal activity.

Commonwealth Bank of Australia has apologised for a data centre failure which locked customers out of internet and mobile banking and hit card payments for most of Monday.

1 in 4 European merchants in the retail, travel and hospitality, and digital goods sector (26 percent) has experienced data theft and the majority (61 percent) believe they are at greater risk of a data security breach today than they were a year ago, according to new benchmark data from the 2018 Global Payments Insight Survey: Merchants published by ACI Worldwide (NASDAQ: ACIW) and Ovum.

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