July 27, 2012
Global Payments Puts Price Tag On Security Breach: $84M
Global Payments Inc. says the security breach it suffered earlier this year cost the company $84.4 million. Costs associated with that breach cut quarterly profits by 90 percent over the...
June 04, 2012
With Fraud Costlier Than Ever, Here’s What FIs Need To...
It used to be that, when an account holder suffered from a security breach, he might tell ten of his friends. Now through social networks, the word can quickly reach...
May 21, 2012
MagTek’s Hart: With Swipe Readers, Encryption Is “Not Enough” [TRANSCRIPT]
With so many new swipe readers hitting the market, do you feel these various companies are paying enough attention to security? The bad guys are certainly paying enough attention to...
May 15, 2012
Global Payments Fraudsters Transferring Stolen Accounts to Prepaid Cards
The fraudsters responsible for stealing account information from Global Payments earlier this year are apparently using prepaid cards to cash in on the compromised account data they now hold. According...
May 03, 2012
Global Payments Removed from “Some” PCI Lists
Global Payments confirmed this week that “some card brands” have removed the payment processor from their PCI compliance lists, Finextra reports. Immediately after Global Payments’ data breach in March, affecting...
April 02, 2012
Credit Card Security Breach: Is the Industry Focused on the...
Large credit card breaches have been out of the payments industry spotlight for some time, while the US payments industry has focused on other security and fraud related initiatives like...
April 01, 2012
Card Data Breach Slams Global Payments’ Stock
Global Payments Inc.’s stock price fell more than 9 percent on Friday after it was revealed the company had fallen victim to a card data breach. A blog operated by...
March 27, 2012
Why Care about Mobile Commerce?
The Tipping Point in Here Mobile commerce has finally reached a tipping point. But what got us here wasn’t a silver bullet mobile payments technology, whizzy new app or “aha”...
March 25, 2012
Security Breach! Barclays’ Contactless Cards Have Issues
An investigative team was able to use mobile phones to lift card numbers, expiration dates, and accountholder names from Barclays’ “contactless” Visa cards late last week. That data was then...
Cryptocurrency exchanges are grappling with the EU’s PSD2 as they look to craft seamless experiences for their global customer bases. In the “Authenticated Payments Report,” a PYMNTS and LoginID collaboration, Marcus Hughes, of crypto exchange Coinbase, explains how platforms must build authentication measures that satisfy consumers and evolving regulations.