Online payment service provider eMerchantPay recently released details of its new One Time Token (OTT). The token will allow merchants not compliant with Payment Card Industry Data Security Standard to collect payment card data on their checkout pages. OTT is a tokenization service, which replaces data...
The theft of money from thousands of Tesco online banking accounts is prompting British cybersecurity experts investigating the crime to warn that other small banks may be at risk for a cyberattack. Get the Full Story Complete the form to unlock this article and enjoy...
We use 2.0 as shorthand to describe the latest and greatest in technology, and with 3D Secure 2.0, the question remains: Is newer always better? In a wide-ranging discussion, Karen Webster, CA Technologies VP of Security James Rendell and Mastercard’s Paul Baker, VP and senior...
Across the U.K., the questions surrounding Tesco’s cybersecurity breach remain: Whodunit — and how? 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 to our daily newsletter, PYMNTS...
China passed cybersecurity legislation on Monday (Nov. 7) to combat the growing number of threats of hacking and terrorism. However, Reuters reported that the new law has generated concerns from foreign companies and rights groups. Get the Full Story Complete the form to unlock this...
442 million — that’s how many new bank accounts are opened every year — many of them now via mobile. In the latest PYMNTS Data Drivers, Karen Webster and Mitek GM Sarah Clark dig into the ways that mobile ID verification can help secure the...
Thousands of customer cards have been blocked after Tesco Bank’s fraud system detected suspicious activity, reported HuffPost Business. Concerned account holders took to social media to alert Tesco. Others reported losing funds and being on hold for hours. Get the Full Story Complete the form to...
It’s getting harder for merchants to know who they are really doing business with because it’s gotten easier for fraudsters to disguise themselves as legitimate customers. Competition for good new customers means walking a tightrope of more stringent vetting without adding friction. Merlin Bise, co-founder...
With major data breaches on the rise, it’s no surprise cybercriminals have access to more than enough compromised data. From a person’s payment information to their mother’s maiden name, hackers have everything they need to pose a legitimate customers and keep perpetrating fraud. In this...
