Security & Fraud

PAX Point-Of-Sale Terminals Will Support Apple Pay
September 19, 2014

PAX Global Technology Limited, which makes a popular NFC terminal. has embraced Apple Pay. 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...

News
SEC Investigates Western Union Over Digital Revenue Projections
September 19, 2014

Securities fraud charges may be leveled at Western Union if an SEC investigation confirms reports that the world’s largest money-transfer company misled potential investors about how much revenue it expected from its digital unit. Get the Full Story Complete the form to unlock this article...

Samsung Doubles Down On Fingerprint M-Commerce
September 19, 2014

Samsung and Alipay are partnering on payment biometric authentication, rolling out what the pair calls the first Fast Identification Online (FIDO) ready system in the Far East. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

Apple Pay
Apple Pay Beefs Up Security, But Point of Sale Still Under Threat
September 19, 2014

There’s little debate that Apple Pay is going to sharply boost mobile payment security. After all, replacing signature or a 4-digit shoulder-surfing-vulnerable PIN with a biometric authentication is a big step in the right direction. No authentication system is perfect, but being more secure than...

News
Home Depot Confirms: It’s The Largest Data Breach Ever
September 19, 2014

Home Depot’s data breach officially stole data from more than 56 million payment cards during a five-month assault. Based on the latest data released from both Home Depot and Target, that number has the Home Depot breach impacting 40 percent more cards than the 40...

Alternative Finances
Fraud Costs and Digital Currency Acceptance On The Rise Concurrently
September 18, 2014

Payment-card fraud keeps rising — and the costs are rising even faster according to the recently released 2014 LexisNexis True Cost of Fraud study, eCommerceBytes reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

Subway’s NFC Play With Softcard
September 18, 2014

Sandwich chain Subway will roll out NFC-based mobile payments on Oct. 1 at 26,000 U.S. locations, The Paypers reported — and they won’t use Apple’s new Apple Pay. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

iOS Bug Makes It Impossible To Swipe Cards
September 18, 2014

With the release of the iOS 8 yesterday came the launch of the first major bug in iOS 8.  An email from customer service sent from Pay Simple yesterday alerted users that there is a widespread functionality problem in iOS8 that makes swiping credit cards...

Mobile
Over 50 iOS 8 Mobile Security Holes Fixed
September 18, 2014

The specs of the new mobile operating system release from Apple Wednesday (Sept. 17) disclose 53 security vulnerabilities—all supposedly fixed—including some that would have allowed “an attacker to execute code on the device with root privileges,” ZDNet is reporting. Get the Full Story Complete the...