Congress looking to Chip and PIN to fight security breaches
February 6, 2014 - US Congress is looking into the possibility of speeding up the rollout of Chip and PIN terminals in the US, and associated credit and debit card technology to combat the recent spate of security issues experienced by major retailers, such as Target.
Hacked Target hastens migration to chip cards
February 5, 2014 - Target has promised to accelerate its $100 million programme to roll out smart card technology in stores to help guard against further fraud.
Electronic Payments Coalition calls for data security collaboration
February 4, 2014 - The Electronic Payments Coalition issued the following statement regarding recent merchant data breaches and the security of the electronic payments system:
PCI Council testifies before US Senate Committee
February 4, 2014 - Today, the PCI Security Standards Council (PCI SSC), an open global forum for the development of payment card security standards, testified before the U.S. Senate Subcommittee on National Security and International Trade and Finance.
More than 50 Percent of All Mobile Commerce Retailers Accepted Mobile Payments in 2013 But Fraud Threats Loom According to Study
February 3, 2014 - As retailers increasingly look to mobile as a way to generate revenue, fraud threats are impacting merchants to the tune of $283 for every $100 of actual fraud losses through the mobile channel, according to the LexisNexis® True Cost of Fraud(SM) Mobile Study released today. Conducted by LexisNexis and Javelin Strategy & Research, the study highlights key fraud issues effecting mobile retailers, while also articulating ways to combat retail fraud.
More US banks adding mobile payments technology
January 31, 2014 - A greater number of banks are embracing the trend towards mobile banking among their customers, according to a new report.
Barclays leads in online banking security - Forrester Research
January 30, 2014 - Barclays is the clear leader in Forrester's latest rankings of secure banking websites in the UK, and offers the most extensive online banking functionality out of UK's largest retail banks and building societies, according to a new report out today.
Accuity Launches Unique Cybercrime Solution Powered by Veri-Site
January 29, 2014 - Accuity, the global standard for payment efficiency and compliance solutions today announced the launch of their cybercrime watch list, powered by Veri-Site™. This solution is a proprietary, open source database that provides risk-relevant intelligence regarding rogue websites, IP theft, cybercrime, web-enabled transnational organized crime and sanctioned entities operating online. This new solution enables financial institutions and payment service providers to screen against high-risk entities that use the internet to conceal their true identity.
