Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
Want to make payments with a smart phone? Are you one of the 85 percent of consumers using Android OS? It’s a good news, bad news kind of morning. On the upside, there is the Blackphone out there—a security enhanced modified Android OS phone that...
The PCI Council, which rules payment-card security, just issued new guidelines for how to outsource payments-related work to third parties. The message: You can't just hand off security and forget about it.
A Russian national has been indicted for a series of cyber attacks against financial institutions (including Chase Bank, Capital One, Citibank and the Boeing Employees’ Credit Union) and retail POS in the U.S., as well as for running various carding forums that resold payment card...
TSYS announced yesterday that it released its Enterprise Tokenization solution to secure payment card information for online, mobile, and digital wallet transactions, according to a company release.
Publicly, all retailers have—historically—said that data breach disclosures need to happen quickly and publicly. Privately, though, IT and security specialists have long questioned the point of such disclosures, especially the early ones. The initial reports are almost always wrong, shoppers can't do anything useful with...
Schnuck Markets (which does business as Schnucks) announced Monday (Aug. 11) that it has settled a 2013 security breach and will be sending checks to some of its shoppers. The settlement includes paying shoppers for “documented lost time,” which is unusual in these kinds of...
