Payment Security
Tesco Bank fraudsters drained £2.5 million from customer accounts
Tesco Bank has refunded £2.5 million to 9000 customers who fell victim to a fraud that siphoned money from their current accounts over the weekend.
Debit cards to fuel global payment card expansion
Debit card numbers are growing faster than credit cards – a trend that is set to continue for many years to come, according to strategic research and consulting firm RBR.
On first anniversary, US becomes Visa's largest chip card market
A year after the official launch of chip payment technology in the US, Visa is claiming steady progress, with the country already its largest EMV card market and fraud rates falling sharply.
Hackers hit Oracle Micros POS unit
Oracle is warning users of its Micros POS payments technology of a data breach which saw malicious code installed on its systems.
Which? slams banks over poor security
UK consumer group Which? has slammed the country's high street banks for failing to adequately protect customers from online scams.
Central banks review wholesale payments security
In the wake of the $81 million Bangladesh Bank hack, the Committee on Payments and Market Infrastructures (CPMI) has set up a task force to look into the security of wholesale payments that involve financial institutions.
Hackers hit Oracle Micros POS unit
Oracle is warning users of its Micros POS payments technology of a data breach which saw malicious code installed on its systems.
MasterCard rolls out selfie payments across Europe
MasterCard is launching its Identity Check Mobile technology in 12 European countries, enabling online shoppers to authenticate themselves through facial recognition and fingerprints.
Sage shares slip on breach; HEI hotels admits POS infection
More bad news from the online crime front over the weekend, as UK business software group Sage reports a breach that may have compromised the bank account details of employees at 230 UK companies, and HEI Hotels group in the US admits to a POS malware infection that filched payment card details from tens of thousands of customer transactions.
American Express updates fraud rules to limit EMV chargebacks
In an effort to promote further adoption of EMV in the U.S., American Express (AXP) today announced changes to its EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems.
EMVCo and PCI SSC Combine Expertise on 3-D Secure 2.0
Technical body EMVCo and PCI Security Standards Council have announced that they are collaborating to support the upcoming launch of 3-D Secure 2.0 (3DS 2.0). The announcement was made at the PCI Security Standards Council Community Meeting of global cyber security experts in Las Vegas, U.S, last week (20-22 September).
US Payments Forum updates minimum requirements for US EMV chip deployment
As U.S. issuers, merchants, acquirers and processors continue their migrations to EMV chip technology for more secure payments, many stakeholders may ask: "What is the least complex way to deploy chip for my organization?"
Credit card fraud ring bust sees 105 arrests
Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.
