Security & Fraud

In Depth
CyberSecurity Goes Collaborative
May 22, 2014

Retail leaders’ efforts to come together in the fight against cybercrime took a new turn recently with the formation of a sharing center to pool their knowledge. Their efforts were bolstered by three government agencies who have an interest in keeping a lid on cybercrime....

Mobile Commerce
Cyberattack Prompts eBay To Warn Users To Change Passwords
May 21, 2014

eBay is asking users to change their passwords because of a database cyberattack. The company says there is no evidence the compromise has resulted in unauthorized activity for eBay users or that anyone gained access to financial or credit card information, which is stored in...

News
LifeLock Pulls mWallet Over Security Concerns
May 20, 2014

LifeLock has pulled its mobile wallet after concerns surfaced that certain aspects of the app may not be fully compliant with payment card industry (PCI) security standards. The online security company has removed the app from the Apple, Google and Amazon app stores as a...

Commentary
Is the EMV Journey Worth the Price?
May 19, 2014

Several reports surfaced last week that reaffirmed what we’ve all suspected – rolling out EMV in the US is going to be a long slog that will optimistically take 5 years but more likely 10 to complete. That got MPD CEO Karen Webster to thinking,...

Merchant Innovation
Can Target’s New CEO Get The Company Back On Course?
May 19, 2014

In their first public discussion with analysts since CEO Gregg Steinhafel stepped down suddenly two weeks ago, Target will be discussing its first quarter earnings report, scheduled to be released Wednesday. CFO John Mulligan is has taken over as interim CEO and will be discussing the company’s...

Merchant Innovation
Yes, Shoppers Are Aware Their Every Move Is Being Watched
May 19, 2014

According to new research by the McCann ad agency, the consumers of the world have caught on to the retailers trying to track their behavior in an attempt to market to them more effectively. The study also indicates that while consumers don’t seem to be...

News
A Guilty Plea From Ex-Subway Franchise Owner In A Gift Card POS Hacking Scam
May 16, 2014

Shahin Abdollahi, a former Subway franchise owner has reportedly admitted to hacking point-of-sale terminals at the sandwich chain from remote locations. He used his access to top off  gift cards to the–stealing around $40,000 all told. Get the Full Story Complete the form to unlock...

News
Card Fraud Leads U.S. Consumers Security Concerns
May 16, 2014

According to the  2014 Unisys Security Index 59 percent of U.S. consumers are “extremely” or “very” concerned about having their card data stolen, which represents a 7 percent increase over 2013. Of respondents, a clear 57 percent majority also expressed concerns about becoming the victim of identity theft. Get...

Merchant Innovation
BillGuard Launches Android App And Data Breach Alerts
May 16, 2014

BillGaurd, a personal finance start-up, has announced twin launches this week. The company’s mobile app is now available for download for the first time for Android users and the company now provides a service that alerts customers when their card has been involved in a...