March 11, 2014
PayPal’s David Marcus Hit By Cyber Fraud
PayPal president David Marcus has confirmed that he was recently the victim of cyber fraud. The hackers, who appear to have acquired the number through a POS malware/card skimming scam,...
March 11, 2014
American Express Posts Court Victory In Fee Battle
American Express scored an important victory in court this week, as a judge awarded preliminary approval to a settlement between the issuer and a group of U.S. merchants over alleged...
March 11, 2014
Target Breach Cost To Credit Unions: $30 Million
The retail data breach at Target cost U.S. credit unions an estimated $30 million. The National Association of Federal Credit Unions released the estimate this week, Finextra reported on Feb....
March 11, 2014
Banks Feeling The Post-Breach Bite
U.S. banks are feeling the pinch after a wave of business data breaches forced the reissuance of millions of credit and debit cards. The replacement costs come at an estimated...
March 11, 2014
Will mPOS Face Headwinds in 2014?
Several interesting dynamics are shaping the mobile point-of-sale (mPOS) ecosystem and setting the market up for significant growth in 2014. As shown in the most recent MPOS Tracker, sponsored by ROAM, key...
March 10, 2014
U.S. Retailers, Banks Team Up On Cybersecurity
A group of U.S. banks, retailers and trade organizations have forged a new partnership to promote the fight against cybersecurity threats. The Retail Industry Leaders Association and The Financial Services...
March 10, 2014
First Security Bank Issues Cab Breach Warning
05 March 2014 Chicago’s First American Bank recently issued an advisory telling customers not to use their payment cards in local taxis. “We have become aware of a data breach that...
March 10, 2014
Prepaid Programs Also Affected By Recent Breaches
05 March 2014 Various states are starting to pay close attention to the security of their card-based payment systems in the wake of recent data breaches. In a bit of...
March 10, 2014
To EMV Or Not To EMV
05 March 2014 Maybe not the question that our Congressional men and women are discussing today in DC, but one that’s on my mind, anyway, these days in spite of...
