Payment Security
Researchers reveal chip and PIN hack
October 21, 2015 - Forensic researchers from France have called a scam that saw thieves embed two chips in a payment card to carry out a man-in-the-middle attack "the most sophisticated smart card fraud encountered to date".
EMV is no silver bullet - NAFCU
October 20, 2015 - National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement regarding the recent Europay, MasterCard and Visa (EMV) chip-card transition.
Ireland creates fintech and payments body
September 17, 2015 - A new trade association intended to provide a single voice for the emerging fintech and payments ecosystem in Ireland has launched, with the aim of establishing the Republic as a leading international financial services hub.
E payments top priority for global companies - Bank of America Merrill Lynch
August 18, 2015 - While companies around the world are taking note of the growing emergence of mobile and digital payment applications, many treasury departments still grapple with the continued existence and enormous cost of paper payments.
America's Thrift Stores reports card data breach
October 14, 2015 - Charity shop chain America's Thrift Stores has become the latest hacking victim after crooks planted malware at a third-party service provider and stole payment card numbers.
Canadian Payments Association sets out modernisation vision
September 17, 2015 - As part of its initiative to modernize Canada's core national clearing and settlement framework and infrastructure, the CPA is creating a shared vision for the future of payments in Canada based on research, a global perspective, and industry views.
Canada to overhaul national payments infrastructure
August 11, 2015 - The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure.
Banks must embrace fintech-fuelled payments revolution - BNY Mellon
October 9, 2015 - Banks must embrace fintech companies or risk being left behind as the payments landscape undergoes a radical technological overhaul, according to a new report from BNY Mellon.
Retailers lose 94% more revenue to fraud than 2014- LexisNexis
September 16, 2015 - The LexisNexis True Cost of FraudSM study reveals merchants are overwhelmed by increasing revenue losses to fraud.
Carphone Warehouse hackers steal 2.4 million bank details
August 10, 2015 - UK mobile phone chain Carphone Warehouse says it has suffered a serious data breach that may have seen the banking details of 2.4 million customers stolen by hackers.
US gears up for EMV switch deadline
October 1, 2015 - Despite the fact that the majority of Americans still do not have EMV payment cards ahead of today's deadline for a switch from magstripe, an industry taskforce insists that the migration is "on track".
IFX Forum and Nexo deliver ISO 20022 specification
September 1, 2015 - The Interactive Financial eXchange (IFX) Forum and nexo announced today that the Registration Authority of ISO 20022 has released on its official website the first set of messages related to the processing and management of Automated Teller Machines (ATM).
Many small businesses not ready for EMV chip cards - Wells Fargo
August 6, 2015 - A majority of small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted July 6-10.
