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Payment Security

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.

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.

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.

June 23, 2014 - Spindle, Inc., (OTCQB: SPDL), a leading provider of mobile commerce solutions, announced it has signed a strategic agreement with RisePay, a developer of payment gateway systems for small businesses, service providers and mobile vendors.

July 9, 2014Bit9® + 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).

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.

June 18, 2014 - The concept of legal tender should be abolished and private money should enjoy a level playing field that enables the likes of bitcoin to compete with state-backed currencies, a new think tank report suggests.

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.

June 26, 2014 - MasterCard today announced that it has certified AEON Bank, Ltd., a subsidiary of AEON Financial Service Co., Ltd., as the first financial institution in Japan to deploy ATMs that support EMV chip card transactions.

June 16, 2014 - The UK will get a new payments regulator next year, while the industry is busy working on its own 'roadmap'. Finextra spoke to key players from both sides about how they will work with each other.

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.

June 25, 2014 - Cybercrooks used a Trojan to steal more than EUR500,000 in just one week from the customers of a European bank, says security firm Kaspersky Lab.

June 13, 2014 - Ed Chandler, CEO of Kalixa, has today been voted the most influential person in the European payments sector, building on his third place from last year. The Payments Power 10 is organised by leading industry event PayExpo 2014 and recognises the ten most influential figures in the European payment industry. The shortlist is an elite group of payments leaders that includes executives from Google, MasterCard and Vocalink.

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