Security & Fraud

News
MasterCard Redrafts Cardholder Liability To Cover PIN Transactions
September 23, 2014

MasterCard is preparing some October liability changes, including one that increase PIN protections. 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 Today....

Europe
EU Cracks Down On Mobile Payments
September 23, 2014

The European Union Council of Ministers is preparing to toughen the rules for all mobile and digital payments, according to a report in Computing.co.uk. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

News
Former NBA Player Fakes An EasyPay Purchase To Steal $14K
September 22, 2014

Former NBA player Rex Chapman learned the hard way that sometimes a career change into criminality is more difficult than the television show Breaking Bad would lead one to believe.  Chapman was arrested on nine counts of organized retail theft and five counts of trafficking...

News
Did Home Depot Ignore Security Warnings?
September 22, 2014

Did Home Depot’s IT operation ignore—for years—internal warnings that it’s security was inadequate? A New York Times report, quoting various former employees of the home improvement chain, says that it did. Get the Full Story Complete the form to unlock this article and enjoy unlimited...

MasterCard Forecasts Future of Biometric Payments
September 19, 2014

In the wake of the launch of Apple Pay, MasterCard announced that it recently held a closed pilot to understand the consumer experience around voice and facial recognition, according to a company blog post by Ajay Bhalla, President, Enterprise Safety and Security at MasterCard.

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...