Scott Berinato has written a very thoughtful article for CSO Magazine on the strong authentication "guidance" released last fall by the FFIEC in which he comments on "seven ways in which it isn't quite what it appears to be."

Senior Editor Sarah Scalet writes a comprehensive article for CSO Magazine exploring the ins and outs of ecommerce merchant payment card fraud management.

SVPCO - Electronic Clearing Services, the electronic check and check image exchange business of The Clearing House Payments Company L.L.C., has announced that the Federal Reserve is now sending check images to financial institutions via the SVPCO-Image Payments Network.

Robin Sidel reports for the Wall St. Journal that MasterCard may delay its initial public offering until sometime in the second quarter. Sidel's report said no specific reasons were given by the association for any delay. MasterCard's last update to its registration statement filed with the SEC was on December 6, 2005.

ID Analytics has announced findings from its analysis of publicly-available information on 70 data breaches that occurred in 2005 showing that few of the breached identities appeared to be misused for criminal financial gain.

David Lazarus reports for the San Francisco Chronicle that numerous Bank of America customers have had their debit cards canceled and reissued reportedly resulting from a security breach at a third-party unrelated to Bank of America.

Note: Throughout the day, as Payments News happens, this post is updated.

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