Study examines prepaid card fraud and risk controls in the US

November 14, 2013

New research from Mercator Advisory Group examines fraud risk and best practice for fraud prevention in prepaid card programs. The report, "Prepaid Card Fraud…

Want to control your ATM card use? There's an app for that

November 14, 2013

In financial services, the consumer's No.1 expectation is to be in control. Particularly, consumers want to know that they can get to their money any time they…

BofA anticipates biometric ID with ATM security patent application

November 13, 2013

Bank of America has applied for an ATM patent (U.S. Patent Application No. 20130264384) that would connect the ATM to external authentication capabilities such…

FIME ready to test D-PAS contactless chip cards

November 12, 2013

Secure-chip testing provider FIME has established testing infrastructure and conducted laboratory test services for the Discover contactless D-Payment…

PIN wins in consumers' expected mobile wallet experience

by Dan Kramer — Senior Vice President, Marketing & Merchant Servic, SHAZAM

A recent study by Phoenix Marketing International highlights a disconnect between consumers' awareness of mobile wallets and their use of this emerging payment…

EMVCo qualifies Collis CPA/CCD level 2 test suites

November 11, 2013

EMVCo has certified the latest versions of the Collis CPA/CCD Level 2 Test Suites for the testing of card products. The tools are part of the UL EMVCo test…

Revised PCI regs to go live on Jan. 1, 2014

November 11, 2013

The PCI Security Standards Council, an open, global forum for the development of payment card security standards, has published version 3.0 of the PCI Data…

Canada completes polymer banknote conversion

by Brendan Burge

"Canada completes polymer banknote conversion" is much more than a headline about a national banknote series refresh.

For authentication, consumers want simple and secure

by Kevin Christensen — Vice President, Audit, SHAZAM

Our lives are increasingly digital, which makes accessing our personal information and accounts a daily activity. Resultantly, authentication has taken on a…

New mobile technology helps reduce ATM fraud risk

November 6, 2013

A new service for debit card and credit card issuers aims to improve the safety of payment card transactions through proximity correlation, comparing the…

What’s your FI’s fraud prevention philosophy?

by Kevin Christensen — Vice President, Audit, SHAZAM

As with any great debate, you'll find advocates on both sides of the mobile banking fraud question.

TMD tackles card-trapping fraud in Europe

November 4, 2013

Though ATM card skimming still represents 98 percent of all cash losses associated with card fraud, card trapping has recently re-emerged in Europe — and the…

5 Ways Your Identity is Stolen

by Robert Siciliano — speaker, IDTheftSecurity.com

Chances are good that in the coming year, you will be asked to provide your or a family member's Social Security number at least a few times. And because of…

Researchers mathematically prove security of next gen EMV chip

November 4, 2013

Current chip technology used at the ATM and POS was developed almost 20 years ago — a fact that has given some deployers pause as they consider implementing…

Mobile wallets address two pain points for ATM operators

by Kevin Christensen — Vice President, Audit, SHAZAM

It's no secret that ATM transactions have been waning for several years. As as result, today's operators are challenged to find more ways to: a) increase the…

Low-tech fraud, explosive attacks on the rise for Europe's ATMs

October 29, 2013

EAST has published its European ATM crime report covering the period from January to June of 2013. The report shows that while the incidence of card skimming…

Mexican ATM malware could be US-bound

October 28, 2013

An Oct. 25 post to the official Symantec blog said the security company has verified a new strain of the Ploutus malware that was recently used to attack ATMs…

S&G A-Series ATM access management system gets an upgrade

October 24, 2013

Stanley Security, a provider of access control and integrated security solutions, has announced updates to the Sargent & Greenleaf A-Series ATM access…

ATMIA announces translations of best practices for preventing ATM gas, explosive attacks

October 24, 2013

The ATM Industry Association has published translations of "Best Practices for Preventing ATM Gas & Explosive Attacks" in French, German, Spanish and…

The lifecycle of a fraud

Fraud such as counterfeit card use at ATMs will certainly drop with EMV, but as UK stats show, it can still rise again.