Payment Security
US govt warns retailers about new POS malware family
August 1, 2014 - The US government has put out an alert warning retailers about a new family of malware, dubbed Backoff, targeting point-of-sale systems.
Finally, Sepa migration deadline day arrives
August 1, 2014 - After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.
Romanian cybercrime network dismantled
July 18, 2014 - European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.
European banks told to avoid bitcoin
July 4, 2014 - Europe's financial institutions should steer clear of virtual currencies such as bitcoin until a regulatory regime is in place, the European Banking Authority (EBA) has warned.
Apple talking to Visa about mobile payments - report
July 25, 2014 - Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.
Botnet takes advantage of weak passwords to hack POS systems
July 10, 2014 - Security firm FireEye says it has discovered a botnet that is sniffing out point-of-sale systems and using brute force techniques to hack them and steal card data.
Idealinvent integrates Prime Factors BCSS into ConnectCore banking platform
July 2, 2014 - Idealinvent, provider of Next Generation banking systems, and Prime Factors, provider of cryptographic data protection platforms, today announced a strategic partnership to introduce the latter's Bank Card Security System (BCSS) and its Card Security and Personalization capabilities into the former's ConnectCore - Card Management offering.
Fed updates non-cash payments report to include mobile wallet data
July 25, 2014 - The 2013 Federal Reserve Payments Study Detailed Report, released today, provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.
The end of verification? Visa Europe posits new age for payment security
July 9, 2014 - Executives at Visa Europe are pondering an overhaul of card security standards as new technologies and consumer preferences for frictionless shopping create demands for a more flexible approach to protecting transactions.
ID Tech launches payment terminal
June 30, 2014 - ID Tech, a leading manufacturer of automated data entry, mobile payment, point of sale, and secure payment devices, has released its PCI 3.x SRED certified key pad and MagStripe reader, the SREDKey.
Police make StubHub cybercrime ring arrests
July 24, 2014 - New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.
New Cyber Security Survey Shows Only 12% of UK Organisations are Completely Confident their Endpoints are PCI Compliant
July 9, 2014 - Bit9® + Carbon Black, the leader in endpoint threat prevention, detection and response, today announced the results of a cyber security study which show that only 12% of IT organisations in the UK are completely confident that their endpoints are compliant with PCI DSS V.3.0. This points to poor cyber-security safeguards for those systems that process credit card payments and handle customers’ personally identifiable information (PII).
US banks going full-tilt for EMV in wake of Target breach
June 26, 2014 - Spurred on by the fall-out from last year's Target data breach, 86% of US financial institutions plan to begin issuing EMV-based chip cards within the next two years, according to the annual debit issuer report from Pulse.
