Payment Security
Online merchants struggling with multiple fraud channels
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.
European ATM Security Team publishes third fraud update for 2014
November 25, 2014 - The European ATM Security Team (EAST) has just published its third European Fraud Update for 2014.
MasterCard forecasts death of static passwords with 3DS 2.0
November 13, 2014 - MasterCard says a forthcoming wholesale upgrade of the 3DSecure protocol for authenticating online transactions will pave the way for the introduction of more secure biometric and token-based prompts and the ultimate eradication of static passwords.
November is card fraudsters' favourite month
October 31, 2014 - As November approaches, data science company Feedzai is warning that the month is the fraudsters' favourite, when both card-present and card-not-present crime spike.
Mobey Forum Research Reveals Banks’ Attitudes To HCE
November 19, 2014 - Global bank-led industry association, Mobey Forum, has published a white paper detailing the results of a survey that outlines the attitudes of its international membership toward the adoption of host card emulation (HCE). The survey reveals members' appetites for third-party support with HCE solution development and ranks their key criteria for the selection of a technology partner.
Merchant Link and Mocapay forge mobile payment alliance
November 12, 2014 - Mocapay, a merchant-centric, mobile marketing and payments solution provider, and Merchant Link, a leading provider of payment gateway and data security solutions, today announced the formation of a business alliance that will empower merchants seeking innovative mobile payment and payment security offerings.
Millennials and high earners drive North American adoption of mobile money and digital currencies
October 30, 2014 - A significant proportion of North Americans - 40% - have used their smartphones to make payments at merchant locations, up from just 16% two years ago, according to an Accenture survey.
Contactless payments in UK head for mainstream - Worldpay
November 18, 2014 - Contactless has shaken off its novelty tag in the UK and is surging towards the mainstream according to Worldpay, which is reporting a 150% rise in volumes over the past six months.
Home Depot hackers also seized 53 million email addresses
November 7, 2014 - A third-party backdoor and a Windows vulnerability helped the Home Depot hackers plunder 56 million card transaction at the point-of-sale and escape with an additional 53 million email addresses, the US home improvement chain has revealed.
Bank spend on innovation set to soar
October 29, 2014 - Financial institutions the world over are raising their innovation spend significantly in a desperate attempt to fend off the threat to the established hegemony from technology companies, telcos, and emerging startups, according to fresh data from Efma.
New UK payments watchdog proposes tough regime
November 13, 2014 - The UK's new Payment Systems Regulator (PSR) has set out its plans to regulate the £75 trillion industry via a package of measures intended to promote innovation and competition and provide fairer access to payment systems.
EMVCo data reveals 30% of global card-present transactions conducted via EMV
November 4, 2014 - Official figures released by the global technical body EMVCo show that nearly 30% of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology.
Nordea to take EUR344 million IT charge as core platforms are upgraded
October 22, 2014 - Nordea Bank is to take a EUR344 million impairment charge on its current IT systems as it embarks on a major project to rip and replace its core banking and payments platforms.
