Payment Security
Target raises numbers hit by data breach from 40 million to 70 million
January 10, 2013 - US retailer Target says that up to 70 million customers may have had their card details compromised during a data breach incident in December, far more than the initial 40 million estimate.
Financial technology crucial for Australian banks
January 7, 2014 - The next 20 years will see Australian banks turn towards innovative financial technology to offer support for customers embracing mobile banking and new payment methods.
Logic Group P2P encryption tech gets PCI SSC validation
November 21, 2013 - The Logic Group, UK's leading Payment Service Provider, today announced that Solve DataShield, its Point to Point Encryption (P2PE) solution, is the first in the UK to achieve validation by the Payments Card Industry Security Standards Council (PCI SSC).
Verizon earns PPI P2PE data security status
November 5, 2013 - Verizon Enterprise Solutions has added Point-to-Point Encryption certification to its extensive list of Payment Card Industry Data Security Standards qualifications.
The Clearing House calls for 'safe evolution' of US payments system
December 5, 2013 - The Clearing House (TCH) today issued a working paper entitled U.S. Payment System: Recommendations for Safe Evolution and Future Improvements that offers recommendations on how best to evolve the existing payments system.
FireHost launches 'payment island' service for PCI DSS compliance in Europe
November 12, 2013 - FireHost, the secure cloud hosting company, has today announced the availability of its 'Payment Island' service in Europe.
Google bypasses the Secure Element to circumvent carrier restrictions on mobile wallet
November 1, 2013 - Google has found a way to circumvent carrier restrictions on its mobile wallet by introducing support for Host Card Emulation in the latest version of its Android operating system, effectively removing the need for access to the telco-controlled Secure Element.
Mobile payments increased 19.5% on Cyber Monday
December 3, 2013 - Cyber Monday saw millions of Americans turning to smartphones to access the bargains and deals provided by retailers.
PCI SSC publishes latest security standards
November 7, 2013 - Today the PCI Security Standards Council (PCI SSC), an open, global forum for the development of payment card security standards, published version 3.0 of the PCI Data Security Standard (PCI DSS) and Payment Application Data Security Standard (PA-DSS).
European contactless spend grows six fold in 12 months - Visa
November 1, 2013 - European consumers have made 211 million contactless purchases in the last 12 months (August 2012 to July 2013), according to figures released today from Visa Europe.
Shift to e-payments saves Mexican government $1.2bn annually
December 3, 2013 - The Mexican Government is saving an estimated MXN $17 billion (US$1.27 billion) per year thanks to a concerted and well-planned shift to electronic distribution of many government payrolls, pensions and social benefits, according to a study released by The Better Than Cash Alliance.
16% of small firms set to adopt mobile payments
November 5, 2013 - The rise of mobile payments is increasing at a pace at the moment and new research from EMS+ has indicated that more small firms are planning to offer the service to customers.
Researchers raise contactless card security fears
October 31, 2013 - The security of contactless payment cards has again been called into question after researchers claimed to be able to pick up NFC data from as far away as 80 centimetres.
