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Payment Security

January 8, 2015 - The global technical body, EMVCo, will increase its scope to lead the payments industry in advancing the next generation of 3D Secure (3DS), the online authentication protocol, to support new and emerging technologies in the remote payment environment.

December 22, 2014 - A group of Russian cybercriminals which specialises in gaining access to the internal payments networks of banks has stolen more than $18 million over the past six months.

December 15, 2014 - The Seventh Annual Billing Household Survey from Fiserv, Inc. (NASDAQ:FISV), a leading global provider of financial services technology solutions, revealed that mobile bill payment use is growing rapidly among U.S. consumers, with 27 million U.S. online households now paying at least one bill from their phone, up nearly 70 percent over 2013.

December 5, 2014 - Women's clothes retailer bebe stores says that its payments processing system was hit by hackers last month, putting customer card data at risk.

December 19, 2014 - Benjamin M. Lawsky, Superintendent of Financial Services, is today delivering remarks on the new, revised, proposed New York State Department of Financial Services (DFS) BitLicense framework for regulating virtual currencies, as well as broader trends and issues in payments technology, at the Bipartisan Policy Center in Washington, DC.

December 12, 2014 - Mobile authentication startup Payfone is working with US financial institutions to introduce technology that utilises the same security standards applied by wireless operators to identify their customers as they log-in to m-banking apps.

December 2, 2014 - The Ovum ICT Enterprise Insights * program, based on interviews with 6,500 senior IT executives, has revealed that the payments industry is set to be a key area of focus for banks across the globe in 2015.

December 19, 2014 - The UK's Payments Council has committed to explore options for incorporating richer data sets alongside business and consumer electronic payment transactions.

December 11, 2014 - US mobile payments outfit Charge Anywhere has admitted that malware has been lurking on its network for five years, putting unencrypted payment card data at risk.

December 2, 2014 - More than three-quarters of online merchants (79%) believe the growing proliferation of markets, purchasing channels and payment methods pose a significant challenge for effectively dealing with fraud, according to the Fragmentation of Fraud report released today by global payments specialist Worldpay.

December 16, 2014 - Forget chip and PIN, Dutch researchers claim to have harnessed the power of quantum mechanics in a way that could be used to make card fraud a thing of the past.

December 9, 2014 - With progress towards a single euro payments area well in train, the European Central Bank has identified instant payments with immediate availability of funds as the industry's next frontier for harmonisation and cross-border collaboration. In its second meeting, on 1 December 2014, the Euro Retail Payments Board (ERPB), a multi-stakeholder group chaired by the European Central Bank (ECB), decided to step up work on the topics of instant payments in euro, and person-to-person mobile payments and contactless payments.

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

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