Target confirmed a massive data breach on Thursday that rocked the payments world at the busiest time of the year in commerce. Initial estimates suggest the breach compromised the names, credit card numbers, debit card numbers, expiration dates and CVVs of more than 40 million...
Despite the rise of big data, the cloud and the countless other electronic innovations looking to tap into our collective brainpower, predictions remained as difficult to get right as ever in 2013. For every no-brainer like the rise of consumer mobile smartphone and tablet use,...
As the last days of 2013 come to a close, payments firms across the country are busy reflecting on the experience they’ve gained to best position their strategies for the future while avoiding the issues that have dogged them in the past. Of course, payments...
The payments industry lost more than $11 billion to fraud in 2012, and that figure is only expected to rise as fraud migrates to less secure channels in the wake of EMV adoption in the U.S. But the figure that we don’t know, the far...
Mississippi-based payment fraud prevention specialist SecureBuy has announced plans to donate access to its SecureBuy 2.0, 3-D Secure MPI to online retailers through a 10-year royalty-free license, a press release revealed on November 19. Best known as Verified by Visa, MasterCard SecureCode and American Express...
INSIDE Secure, based in France, announced yesterday that it will offer “security hardware, software and payments industry expertise” to mobile commerce platform provider Loop, according to an INSIDE Secure press release. INSIDE Secure’s VaultSEcure element will allow Loop to use payment card data storage for...
Familiarity breeds trust, it seems, especially when it comes to mobile payments. By now, everyone and his mother-in-law has seen last week’s survey results touting Visa, MasterCard and AmEx as the top three trusted brands when it comes to mobile payments, with PayPal posting a...
Editor’s Note In the world today, few topics are more talked about and less understood than “cyber security.” Almost daily, it seems, we hear of another threat to the computer systems that support and control the world’s critical infrastructure. Attacks on government and industry...
