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Payment Security

November 25, 2014 - The European ATM Security Team (EAST) has just published its third European Fraud Update for 2014.

November 19, 2014 - Global bank-led industry association, Mobey Forum, has published a white paper detailing the results of a survey that outlines the attitudes of its international membership toward the adoption of host card emulation (HCE). The survey reveals members' appetites for third-party support with HCE solution development and ranks their key criteria for the selection of a technology partner.

November 12, 2014 - Mocapay, a merchant-centric, mobile marketing and payments solution provider, and Merchant Link, a leading provider of payment gateway and data security solutions, today announced the formation of a business alliance that will empower merchants seeking innovative mobile payment and payment security offerings.

October 30, 2014 - A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.

November 18, 2014 - Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.

November 7, 2014 - A third-party backdoor and a Windows vulnerability helped the Home Depot hackers plunder 56 million card transaction at the point-of-sale and escape with an additional 53 million email addresses, the US home improvement chain has revealed.

October 29, 2014 - Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.

November 13, 2014 - The UK's new Payment Systems Regulator (PSR) has set out its plans to regulate the £75 trillion industry via a package of measures intended to promote innovation and competition and provide fairer access to payment systems.

November 4, 2014 - Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology.

October 22, 2014 - Nordea Bank is to take a EUR344 million impairment charge on its current IT systems as it embarks on a major project to rip and replace its core banking and payments platforms.

November 13, 2014 - MasterCard says a forthcoming wholesale upgrade of the 3DSecure protocol for authenticating online transactions will pave the way for the introduction of more secure biometric and token-based prompts and the ultimate eradication of static passwords.

October 31, 2014 - As November approaches, data science company Feedzai is warning that the month is the fraudsters' favourite, when both card-present and card-not-present crime spike.

October 20, 2014 - The European Banking Authority (EBA) published today a consultation paper on the implementation of its Guidelines on the security of internet payments.

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