Security & Fraud

How Tokenization Will Transform The “Holy Trinity” Of Payments
December 18, 2014

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News
Bank Cuts Off ATMs After Skimming Breach
December 18, 2014

A Virginia bank quickly shut off the ability of many of its customers to withdraw money from ATM machines after skimming devices were found in some ATMs and at local gas stations, according to the Richmond Times-Dispatch. Get the Full Story Complete the form to...

Security & Fraud
Bank Regulator Loses Sensitive Customer Data
December 18, 2014

When a federal banking regulator insists that a bank official handed over data under investigation, what obligation does that regulator have in protecting that data? That’s what the Palm Springs Federal Credit Union is asking, after a flash drive containing member names, addresses and Social...

Taking The “Holistic Approach” To Payments Innovation
December 17, 2014

When it comes to electronic card payments, driving demand among consumers and businesses can take a great deal of innovation, says Eric Mettemeyer, CEO of Store Financial. And B2B supplier virtual cards are seeing the most velocity and activity, he says, because there continues to...

Can Quantum Physics Make Fraud-Proof Credit Cards?
December 17, 2014

Never mind NFC and EMV — a team of Dutch researchers claims to have harnessed the power of quantum mechanics in a way that could make payment card fraud a thing of the past, Finextra reported on Tuesday (Dec. 16). Get the Full Story Complete...

Parking Databreach Hits Airports
December 17, 2014

Park ‘N Fly’s tagline—”More Than Just Parking”—was proven quite correct Tuesday (Dec. 16) when its customers were also given a large payment data breach, according to a report from Krebs On Security. Get the Full Story Complete the form to unlock this article and enjoy...

The Roadmap For Keeping U.S. Payments Secure
December 16, 2014

The U.S. Payments Security Task Force (PST) was established earlier this year and dared to go where no task force has ever gone before: it has created a roadmap for protecting cardholder data at the merchant point of sale. It was a pretty daunting assignment....

News
Identity Theft Victims Undergo Avalanche Of Headaches
December 15, 2014

Even for identity theft victims who have paid for credit monitoring, recovering from such an attack can take months of non-reimbursed efforts to repair credit history, reported the Associated Press. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Mobile
Amex CEO Skeptical About Bitcoin
December 15, 2014

American Express CEO Kenneth Chenault is not so certain that Bitcoin is going to play a dominant payment role any time soon. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...