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Payment Security

May 20, 2014 - LifeLock has been forced to pull the mobile wallet it acquired for more than $40 million last year from app stores and delete all user data from its servers after deciding the technology might not be PCI compliant.

May 13, 2014 - According to a study into the acceptance of new payment solutions published by Visa Europe today, mPOS (mobile point of sale) usage by small businesses (SMEs) in Europe will take off dramatically in 2014.

April 23, 2014 - Digital River (NASDAQ: DRIV), a leading global provider of Commerce-as-a-Service solutions, announced the expansion of its Digital River SMB Payments solution into the United Kingdom (U.K.).The solution offers small and medium enterprises, commerce providers, systems integrators and developers turn-key access to credit card processing capabilities for Visa, MasterCard and Maestro cards in Euros and Pound Sterling. The SMB solution already supports more than 17,000 merchants and partners in Canada.

April 3, 2014 - More than half a million people may have had their card data stolen after a data breach at Texas wine and liquor store chain Spec's which dates back 18 months.

May 6, 2014 - The U.S. roadmap for the deployment of EMV has existed since 2012, providing the payment industry with plenty of time to prepare for the transition from magnetic-stripe cards to smart cards.

April 23, 2014 - Atlas ATS and The National Stock Exchange ("NSX") today announced they have signed a Memorandum of Understanding to have NSX develop and enforce rules to regulate Atlas ATS, thereby making Atlas the first fully regulated U.S. - based digital currency exchange.

April 2, 2014 - PayStand, a next generation online payment solution, today launched its service enabling organizations to easily accept multiple payment options online, all without transaction fees to the merchant.

April 29, 2014 - Target has hired industry veteran Bob DeRodes to overhaul its security efforts in the wake of its recent massive data breach. The retail giant has also outlined plans to incorporate MasterCard chip and PIN technology across its card portfolio.

April 7, 2014 - Coversure Insurance Services, the UK's only insurance broker franchise, today announced that it will use technology from Callstream to ensure its 100 regional franchise offices comply with the highest PCI-DSS requirements over data security when taking credit card payments, without jeopardising FCA compliance.

April 1, 2014 - FIS™ (NYSE:FIS), the world's largest provider of banking and payments technology, and its NYCE® Payments Network today announced a licensing agreement to make the Visa® EMV ® debit solution available to all NYCE participants.

April 25, 2014 - Swift announces the launch of a new version of its Bankers World Online directory, an online query tool which has been significantly upgraded to provide more data coverage, a wider breadth of financial information (including data from Reuters, Dun & Bradstreet, and Moody's), and new intuitive features and functionalities.

April 4, 2014 - US credit card fraud increased last year despite efforts by firms to beef up their security, according to an Association for Financial Professionals (AFP) survey.

March 28, 2014 - Global retail bank IT spending is tipped to hit $152.5 billion by 2018 as banks worldwide focus on digital delivery channel investment to attract customers, according to research by analyst group Ovum.

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