Fraud-fighting measures working in UK, FICO says

November 18, 2014

Losses from card-not-present fraud increased, but so did the number of card transactions, leaving the overall rate unchanged, the company said.

Report notes rising consumer demand for new debit services

November 18, 2014

One of the top items on consumers' wish list is enhanced security — and it's important enough that many are willing to pay for it.

15 frightening ways Americans endanger their financial data

November 18, 2014

Are consumers careless about protecting their personal data — or are they simply convinced that nothing they do will make a difference?

The headlines say it all: EMV is an answer!

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

Today, the EMV headlines are coming at us with the velocity we previously attributed to topics such as big data.

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EMV chip-and-signature: The mirage of protection

Without a holistic approach to user and transaction verification we're only presenting an appearance of protection — one that will vanish when tested by…

Home Depot releases new data breach details

November 7, 2014

In addition to payment card data, cyberthieves stole separate files containing approximately 53 million email addresses, the company has now disclosed.

PCI SSC announces 2015 special interest group topics

November 6, 2014

In 2015, group members will develop guidance documents for two topics: daily log monitoring and determining shared responsibilities for entities and…

EMV used in 30 percent of transactions worldwide, data reveals

November 4, 2014

In Europe Zone 1, 96 percent of transactions were EMV-enabled; in the US, 0.03 percent were, EMVCo says.

FFIEC report poses key questions about cybersecurity

November 4, 2014

Testing plans across business functions and with third parties will help FIs identify and manage gaps before cyber attacks occur, the council says.

Amex intros tokenization, HCE services

November 3, 2014

The token service is available in the US, and international rollout is expected to begin in 2015. HCE specifications are available today globally.

CardConnect secures tokenization patents

October 31, 2014

Tokenization reduces or entirely removes systems from the scope of PCI compliance because it eliminates all real touch points with actual card numbers.

It's November — peak season for card fraud

October 31, 2014

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

AMIS highlights: 'This year's conference was also terrific'

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

A video journal of highlights and attendee comments from the second annual ATM & Mobile Innovation Summit in Washington, D.C.

Card data theft the No. 1 worry among Americans, Gallup poll says

October 30, 2014

Gallup found that 69 percent of Americans worry about having card information stolen in a retail data breach — and suggested that this fear could increase…

Organizations not prepared adequately for targeted cyberattacks

October 30, 2014

A Kaspersky Lab study finds that although businesses know the threat is real, they aren't doing enough to protect themselves against targeted attacks.

Lift the flap ... what's behind it?

by Richard Buckle — Founder and CEO, Pyalla Technologies, LLC

In the payments business, an entire industry focused on security is taking shape behind the scenes. The question is who else might be lurking back there, as…

FIS, CSCU team up to extend fraud protection solution to CUs

October 28, 2014

Compromise Manager promises timely card blocking, reduced administration costs, and automated cardholder alerts for small and midsize credit unions.

Alliance advocates concurrent use of smart chip, encryption, tokenization

October 28, 2014

A new paper from the Smart Card Alliance says payments providers can help protect themselves against fraud by using layered technologies.

US banks hit with EMV fraud (yes, EMV fraud)

October 28, 2014

Fraudsters are devoting their energies to exploiting holes in the smart chip transaction process. And it seems that they have found a few.