Ohio-based company Diebold recently launched what it claims to be “the world’s most secure anti-skimming card reader” called ActiveEdge. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...
Sandwich chain Jimmy John’s, with more than 1,900 stores across the U.S., appears to be the latest common-point-of-purchase retail data breach victim, with KrebsOnSecurity reporting a large-scale card-present fraud. That means someone is using cloned payment cards to buy an awful lot of hoagies. Get the Full...
With U.S. retailers hesitant to embrace chip and pin and U.S. consumers apathetic about the same, Square announced Wednesday (July 30th) that it will support microchip-enabled EMV cards but not PIN. In the next generation of its matchbook sized credit card reader will be able to read will...
Nearly one third of Americans are delinquent on debt, according to a new report out from the Urban Institute. An analysis of the credit files of nearly 7 million Americans revealed that 35 percent had a debt so far past due it had been referred...
Forbes reported that the EMV chip rollout in credit cards could lead to increased fraud in the U.S. In fact, Allen Friedman, director of payment services at Ingenico, told Forbes that “Sixty –seven percent of the UK-issued card fraud is from the U.S.” Therefore, said...
ATM networks have joined together to create global defense solutions to fight potential breaches, according to ABA Banking Journal. Together, Diebold, Inc. and Wincor Nixdorf AG will start an industry association to improve ATM security. Get the Full Story Complete the form to unlock this...
After a security breach in February of this year, eBay now faces a class action suit in a U.S. federal court, says iT News. The consumer privacy suit was filed by Colin Green, a Louisiana state citizen, who “alleged that the security breach was the...
Fraudsters managed to hack into the European Central Bank’s website, stealing email addresses and other contact information, according to an ECB statement. The theft was discovered after the bank received an anonymous email “seeking financial compensation for the data.” While most contact information was encrypted,...
New York authorities reportedly have charged international criminal gang members that were accused of taking part in stealing card data to buy event tickets through StubHub. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...
