New PCI best practices aim to help retailers; but security experts say POS, ATM skimming risks will continue

by Tracy Kitten — Editor, AMC

August 25, 2009

In the wake of the Heartland-hacker nab, the Payment Card Industry Security Standards Council has unveiled new best practices for retailers that aim to help…

ATM industry's response to Heartland hacker illustrates need for more PR

by Tracy Kitten — Editor, AMC

Commentary: ATM players need to do a better job of educating consumers, mainstream media and government regulators about ATM and payments security.

Citi ATMs at 7-Eleven compromised by hacking ring

by Tracy Kitten — Editor, AMC

August 23, 2009

Financial Times reports that the hacking ring connected with the world's largest financial-data-security breach also compromised Citi-branded ATMs at 7-Eleven.

Nigerian lawyers look for more government oversight of bank ATMs

by Tracy Kitten — Editor, AMC

August 19, 2009

Lawyers in Nigeria say Nigeria needs more laws that regulate the operation and transactions of ATMs. According to an article in Vanguard, lawyers insist that…

New non-profit builds membership to accelerate PCI, cardholder security compliance

by Tracy Kitten — Editor, AMC

August 19, 2009

Last month, five electronic payment companies, including Heartland Payment Systems, announced their active membership in the Secure POS Vendor Alliance, a…

Wells Fargo call-center employee charged with stealing accountholder info, opening ATM, debit cards

August 17, 2009

The Sacramento (Calif.) Business Journal reports that one of Wells Fargo's bank call-center employees was arrested Friday for accessing customer accounts and…

Man accused of biggest credit-card breach in U.S. history

August 16, 2009

According to an article just filed by The Washington Times, the Justice Department has charged a Miami man with perpetrating what is being coined "the largest…

Heartland says security breach cost the company $12.6 million

by Tracy Kitten — Editor, AMC

August 10, 2009

The Heartland Payment Systems Inc. card breach that hit countless U.S. cardholders in February wound up costing the nation's sixth-largest payment processor…

EMV compliance of Africa's ATMs will depend on enforcement from the central bank

by Tracy Kitten — Editor, AMC

August 10, 2009

The Central Bank of Nigeria needs to enforce stricter compliance of EMV specifications, one ATM expert in Africa told Africa's This Day.

Implementing DES Security

Triple DES key security has become a priority in the ATM industry. Both MasterCard and Visa mandate a timeline for network compliance; in turn, networks such…

NexTier Bank Enhances Service Excellence and Successfully Handles Breach with Dynamic Card Solutions’ Instant Issuance Technology

In recent years, instant issuance has drawn interest in the industry as a method to increase the customer experience by providing access to debit, ATM, credit…

PCI questioned after another data breach and debit, credit cardholder compromise

by Tracy Kitten — Editor, AMC

August 9, 2009

CU Info Security reports that a recent data breach at Internet domain administrator and host Network Solutions compromised more than 573,000 credit and debit…

NCR partners with University of Abertay Dundee to promo 'Ethical Hacking' for ATMs

by Tracy Kitten — Editor, AMC

August 5, 2009

NCR Corp. says it's working with the University of Abertay Dundee in Scotland to uncover potential ATMs threats. Through an initiative coined the "Ethical…

Wincor Nixdorf buys Siemens' IT division in Asia, expands ATM solutions and service to region

by Tracy Kitten — Editor, AMC

August 5, 2009

Wincor Nixdorf AG is expanding its IT line in Asia. The company today announced its June 1 acquisition of the Manila-based Information Technology Products…

Bank of South Pacific, Norkom sign deal to combat growing financial fraud

by Tracy Kitten — Editor, AMC

August 3, 2009

Bank of South Pacific Ltd. has announced a deal with Norkom Technologies to launch Norkom's fraud-prevention solutions across its enterprise. The solutions…

Diebold rakes in 11% increase in net income from Q2 '08

by Tracy Kitten — Editor, AMC

Diebold's Q2 results reveal net improvement, with a slight revenue loss.  

Hackers' conference proves fertile ground for ATM skimming

by Tracy Kitten — Editor, AMC

August 2, 2009

The DefCon hacker conference in Las Vegas proved a fertile ground for suspicious activity. According to a wrap-up story from Wired.com, an ATM at the Riviera…

Anti-money laundering regs in Canada could set example for U.S.

by Tracy Kitten — Editor, AMC

Efforts to combat organized crime and terrorism are taking root in Canada, and industry experts say the U.S. could be next.

Ky. bank says $415K security breach is not its problem

by Tracy Kitten — Editor, AMC

July 29, 2009

Financial security breaches are all over the news these days, from Heartland to TJX. In most cases, when consumer accounts and cards are compromised, the…

Illegal ATM software to blame for most ATM hacks, solutions provider says

by Tracy Kitten — Editor, AMC

July 28, 2009

Lithuania-based BS/2, a Wincor Nixdorf business partner that provides business processes, support and maintenance solutions for financial institutions, is…