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Visa Inc. introduced the first payment wearable ring backed by a Visa account for use at the Rio 2016 Olympic games.

Wells Fargo announced that its Wells Fargo Wallet will be available this summer.

Mobile fraud is a challenge for merchants, and will only intensify, according to the 2016 LexisNexis True Cost of Fraud Study.
 

Consumers were promised a new level of security after the October 1, 2015 EMV (for chip-based card technology) deadline. But now, six months later, how much has really changed?

Eighty-one percent of compliance officers have increased apprehension when it comes to their personal liability in situations of corporate misconduct, according to a new survey released by lawfirm DLA Piper. This uneasy adjustment stems from shifts in tone from Washington, DC, including the appointment of Hui Chen as the Justice Department’s first compliance counsel, and the release of the Yates Memo outlining a plan to prosecute individual corporate employees and incentivize reforms, according to the 2016 Compliance Risk Report: CCOs Under Scrutiny. 

The number of ATMs in the US compromised by criminals rose 546 percent in 2015 over 2014, according to analytic software firm FICO.

When it comes to security breaches, consumers are clear about who they hold responsible.

Only 37 percent of U.S. merchant locations are EMV-ready four months after the October 1st, 2015 liability shift.