Staples investigating possible data breach

Has POS malware become an 'easy button' for payment card data theft and counterfeiting?

FEATURES


Fed study finds that ATM, debit might be safer than credit cards

In 2012, PIN debit card transactions - including both purchases and ATM cash withdrawals - had the lowest fraud rates among general-purpose cards by both number and value.

Will mobile card readers dethrone cash?

Total cash volume in POS transactions fell 10 percent from 2012 to 2013, while mobile and prepaid card payments surged. A sign of things to come?

Fed study fills in the numbers for ATM transaction volumes and values

A study by the US Federal Reserve indicates that Americans are making fewer trips to the ATM, but taking out (or depositing) more cash when they do stop by.

The 'cashless street': useful experiment or shameless PR stunt?

Who benefited from the one-day, cash-free tryout in a Manchester, UK, shopping district? We can give you a hint: It wasn't the customers or the merchants.

7 steps to minimizing data breach fallout, part 2

In my previous post, I shared four of the seven steps financial institutions can take to prepare for and respond to a data breach affecting their cardholders. Here are the remaining three: Core maintenance.

7 steps to minimizing data breach fallout, part 1

Many financial institutions have felt the sting of recent breaches — and there could be more to come. Dealing with the aftermath is frustrating, time-consuming and, in some cases, costly. Fortunately, community FIs can take steps to prepare for the next time hackers and fraudsters successfully victimize the industry.

Fed study spells out importance of cash to consumers

A study of US consumer spending preferences reveals strong cash use across all incomes and age groups.

Will consumers change behavior because of data breaches?

New research indicates many consumers have altered their shopping behavior as a result of recent far-reaching retail data breaches. Specifically, data analytics company Feedzai's "2014 Consumer Reaction to Financial Data Breaches Study" found that 22 percent of shoppers who were...

Instant card reissuance valuable in a world where real-time reigns

In light of recent retail data breaches affecting millions of consumers, the logistics of card reissuance has come to the forefront for many financial institutions. As we all know, when consumer perception is mired, it can be detrimental to an...

Card evolution: A bridge between plastic cards and mobile phones

Among the hundreds of new payment technologies popping up around the world, one in particular has caught my eye. Called Coin, it's a single plastic card that allows a consumer to load up to eight other cards. As someone who...

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NEWS


Study: In Europe, low-value cash payments migrating to cards

From 2010 to 2012, the number of card payments in western Europe grew by 15 percent, while in central and eastern Europe, they increased by 82 percent.

MasterCard, Zwipe team up to roll out first-ever biometric contactless payment card

Biometric authentication replaces PIN entry, enabling cardholders to make contactless payments in any amount, unlike current NFC-enabled payment solutions.

Prepaid cards rule in September spending; checks see rare increase

Total dollar volume was up year-over-year, but month-to-month growth slowed slightly as consumers took a breather between back-to-school and Halloween spending.

Global card payment volume tops 200B in 2013

A new study by RBR has found that the number of payments made by card worldwide grew 13 percent between 2012 and 2013.

New card from Oberthur changes up CVC... literally

Oberthur Technologies says that it has developed a solution to card-not-present fraud — a payment card that generates a dynamic card verification code.

Jimmy John's confirms data breach

Data stolen via compromised POS devices included card numbers and, in some cases, the cardholder's name and the card's expiration date and ccv number.

Not so fast, Citi: Walmart intros GoBank checkless accounts

Walmart's new offering for the un- and underbanked is checkless and overdraft-free, just like Citi's. Both also offer tens of thousands of free ATMs.

Home Depot breach reportedly generating card fraud

Banks aren't confirming it and Home Depot insists that no PIN data was taken, but sources say bank accounts have been compromised.

Study finds growing demand for bankcard mobile controls

Mobile card controls go hand-in-hand with the strongest trends in banking — self-service technology and improved account security.

With 56M cards compromised, Home Depot data breach tops Target's

An investigation has revealed that the custom-built malware deployed at Home Depot was different from that used in the 2013 holiday season breach at Target stores.

Co-op to introduce controls-and-alerts mobile app for CU member bankcards

The app gives users full control of their credit and debit cards, with options that include on-off, location, spending limits, and transaction and merchant types.

FIs see mounting ATM fraud following Home Depot data breach

The retailer says that no PIN data was stolen in the breach. However criminals have found other ways to solve the problem of missing PINs.

Personalized instant issuance cards a win for China Everbright Bank

The first bank in the region to offer instant-issue personalized cards, China Everbright has watched the format rise to the top in terms of popularity.

EMV cardmaker CPI to acquire instant issuance provider EFT Source

The move will formalize a working partnership between the two companies that goes back more than 15 years.

What can 'Brown' do for data theft victims?

The UPS Store has notified customers of a potential data compromise occurring at 51 franchised locations between Jan. 20 and Aug. 11.

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