Security & Fraud

Merchant Innovation
Bitcoin Tracker Week 21
April 25, 2014

Bitcoin traded in the in a fifty dollar range going from as low as about $450 and as high as $506, ending at $464 at about 7am EST on Friday. Our volatility index shows Bitcoin at a whopping 29 times more volatile than the euro....

Company Spotlight
Risk Management Patent Assigned to MasterCard International
April 25, 2014

A patent originally filed in October 2010 was assigned to MasterCard International, Purchase, NY, according to Insurance News Net. The patent was developed by a team of five members, and offers “methods for risk management” in mobile devices like smart phones that can be used...

MiiCard’s $21 Billion Dollar Solution
April 24, 2014

There is no one in the financial services industry that likes identity theft, but after 20 years of watching it climb consistently upward annually, a certain level of acceptance has set in.  Fish have swim, birds have fly and fraudsters have to steal consumers identities,...

Mobile Commerce
Massachusetts Bill Would Require Added ATM Security Measures
April 24, 2014

A state lawmaker in Massachusetts reportedly has introduced a bill that would require banks to install added security measures at their ATMs, and representatives for both the ATM and banking industries are fighting it.   Reacting to acts of violence occurring near ATMs, the lawmaker,...

News
Heartbleed keeps bleeding
April 24, 2014

Hackers are taking advantage of the Heartbleed situation. Customers’ session tokens remain vulnerable allowing hackers to masquerade as a legitimate authenticated user.   “[With} an active session token, the attacker successfully hijacked multiple active user sessions and convinced the VPN concentrator that he/she was legitimately...

Merchant Innovation
Beacondo Plans to Simplify iBeacon Integration for Mobile Apps
April 24, 2014

Beacondo is free for anyone to use and will provide a simpler way to create iBeacon-supported apps.

News
Retailers Continue to Spend Billions on Data Security
April 24, 2014

The National Retail Federation testified before a field hearing of the House Homeland Security Subcommittee on Cybersecurity, Infrastructure Protection, and Security Technologies.

Hmmm
Charles Duhigg And Creating Rewards That Are Actually Rewarding
April 23, 2014

Pop Quiz, how many rewards program are you a member of right now? If your answer is in the family of “ummm, I don’t know, a lot?” then according to New York Times Reporter and best-selling author Charles Duhigg, those rewards programs are failing both...

Merchant Innovation
Samsung’s Next Generation Fingerprinting Innovation
April 23, 2014

Fingerprint-based identification has had a bumpy road to adoption. It is popular with the right people: Apple incorporated a touch-based fingerprint scanner into the iPhone 5s and Samsung recently release the Galaxy S5 with a much touted fingerprint scanner. However fingerprint scanning has some problems....