New evidence suggests that an underground cybercrime ring — or rings — may be involved in the merchant-data breaches taking place recently. The fact that point-of-sale malware can be acquired with relative ease on the Internet, as well as signs from security officials that multiple...
U.S. Bancorp has confirmed it is working on a new mCommerce platform called Peri. The bank previously outlined the app in a YouTube video, which showed how consumers may use Peri to make quick purchases online. The app will make mCommerce simpler for consumers, Dominic Venture,...
Two security experts have shared a recent experience investigating the BlackPOS malware that is at the center of the growing merchant data-breach crisis. In an interview with KrebsOnSecurity, a technology security blog that has been investigating the data breaches, Tom Arnold and Paul Guthrie of cybersecurity...
U.S. Sen. Elizabeth Warren (D-Mass.) has voiced support for a new public-banking program to be administered by the U.S. Postal Service (USPS). “If the Postal Service offered basic banking services — nothing fancy, just basic bill paying, check cashing and small dollar loans — then...
Foursquare has received a $15 million investment from Microsoft. As part of the deal, Microsoft received a multi-year licensing deal for Foursquare’s location data, the company said in a Feb. 4 blog post. The $15 million will be included in the money Foursquare raised in December....
Target acknowledged this week that the holiday season point-of-sale malware attack continue for longer than previous admitted. Target CFO John Mulligan’s included the revelation in his testimony for an appearance before the Senate Judiciary Committee. He wrote that 25 POS machines were discovered to be...
2C2P, a payment services provider based in Singapore, has launched a payment solution in Myanmar. The company is launching the complete point-of-sale service in conjunction with Myanmar Citizens Bank. The system accepts both MasterCard and Visa, Tech In Asia reported on Feb. 6. “The rollout in POS...
Emerging market payment servicer Xsolla has added a number of new solutions in Turkey. Xsolla customers have a range of options to choose from, including TTNet, a hybrid ISP-payment service that also is available in France. PayByMe Visa, a prepaid card backed by Visa, and...
Digital funds-transfer provider Xoom Corp. has acquired BlueKite, a developer of a cross-border payments platform. BlueKite specializes in low-cost funds transfers, particularly remittances to developing economies for underbanked customers. Xoom finalized the acquisition in a $15 million cash-and-equity deal, the Miami Herald reported on Feb. 5. The...
