Security & Fraud

Is Apple Pay The (Real) Blackberry Killer?
September 29, 2014

Since the unveiling of Apple Pay, the entire focus of payments has focused on what Act II will look like, give Act I’s very exciting conclusion.  . Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

News
Mobile Users Not Concerned About Security
September 29, 2014

A new study released by the  Raytheon and Ponemon Institute reports that a little more than half of IT managers are interested in implementing virtualization. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Merchant Innovation
Barclay’s Reports Mega Mobile Transaction Volume
September 29, 2014

Barclays UK has announced the bank is now handling more than $6.52 billion in payments and transfers per month through its Pingit and mobile banking applications Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

News
MasterCard Launches Online V-Card for X-Border Shopping
September 29, 2014

KB Kookmin Card, in partnership with MasterCard, will introduce a virtual credit card that will allow overseas customers easy access to retail sites such as Amazon.com. The “SecurePay” protects users from personal information theft. Get the Full Story Complete the form to unlock this article and...

News
The Latest POS Breach – Who and How
September 29, 2014

There’s more reported fallout from the databreach at sandwich-chain Jimmy John’s, with some 100 new restaurant victims identified and a confirmation from the chain that “an unauthorized person gained access to a user name and password that Signature Systems used to remotely access POS systems.”...

B2B Payments
The Fed Wants To Clean Up Token Confusion
September 29, 2014

The Federal Reserve Banks of Boston and Atlanta applaud the many efforts to standardize payment tokenization, except the part that there are in fact so many such efforts. The potential for confusion and, much worse, standards conflicts undermining token efforts—especially in mobile—is a great concern...

Apple Pay
Apple Pay Retaining More Card Data Than It Claimed?
September 26, 2014

The security system associated with the soon-to-be-released Apple Pay has been nearly universally praised as a significant advance in helping mobile payments go mainstream. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...

Mobile
Fed Sets Up Tokenization Workgroup
September 26, 2014

The Federal Reserve Bank of Boston has created a working group to study the implications of using digital account tokens to replace card numbers, for both in-store and E-Commerce use. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...

Alternative Finances
FTC Cracks Down On “Bogus” Bitcoin Operation
September 25, 2014

The U.S. Federal Trade Commission (FTC) convinced a federal court to shut down a Missouri-based Bitcoin company called Butterfly Labs because, according to the FTC complaint, the company “charged consumers thousands of dollars for its Bitcoin computers, but then failed to provide the computers until...