Security & Fraud

EMV Transition Progressing Nicely Says MasterCard
January 29, 2015

As the liability shift creeps closer (245 days as of the writing of this article) in the U.S., the migration to EMV is progressing well, according to MasterCard. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Fraud-Fighting Credit Card Startup Final Raises $1M In Seed Money
January 28, 2015

This October, the United States will hopefully be fully converted to EMV card security, a system designed to combat fraud and identity theft, which has hit major chains like Target as of the last few years. A group of people who were victims of that...

FTC Report on Internet of Things Highlights Security Risks
January 28, 2015

The staff of the Federal Trade Commission issued a report yesterday (Jan. 27) on the Internet of Things, naming security as its top priority. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

A Merchant’s Step-By-Step Guide To EMV Implementation
January 28, 2015

The occurrence of several major data breaches last year stirred anxiety among cardholder security stakeholders. That, of course, has led to a significant push toward EMV enablement and additional layered security approaches across the U.S. In a new whitepaper, Moneris Solutions unveils a step-by-step guide...

Mobile Commerce
Colu Gets $2.5M To Use The Blockchain For Everything
January 28, 2015

Colu, a startup that wants to put Bitcoin’s blockchain to work tracking other kinds of transactions, has raised $2.5 million to do just that, TechCrunch reported on Tuesday (Jan. 27). Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

News
Lawmakers Are Optimistic About Finally Passing A Data Breach Law
January 28, 2015

Congressional lawmakers from both parties said they were optimistic that they can pass federal data-breach notification legislation after a hearing on Tuesday (Jam. 27), The Hill reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Lenddo To Sell its Creditworthiness Algorithm Service Instead of Loans
January 27, 2015

Initially started as a micro-finance startup with the goal of developing algorithms that can determine creditworthiness of borrowers with no bank information, Filipino company Lenddo will now ditch its lending arm in place of selling its algorithmic services to companies inside and outside of the...

Why Mobile Needs A ‘No White Space’ Strategy
January 27, 2015

Imagine a world where mobile is king, commerce is queen, and context is God. These, says Srinivas Nidugondi, SVP at Mahindra Comviva, are what rule when consumer shopping behavior is reimagined in the context of mobility. A successful mobile payments solution, he says, must adopt...

Congress to Hold Data Breach Legislative Hearing – First of its Kind
January 26, 2015

After a year of high-profile retail data hacks, and with the big EMV target date approaching, legislators on Capitol Hill have agreed to hold a legislative hearing on federal protocols for data breaches and reporting, according to sources at SC Magazine. Get the Full Story...