LoopPay, founded in 2013, is a provider of a mobile wallet solution that currently works for most existing retail locations. LoopPay Chief Technologist George Wallner sat down with MPD CEO Karen Webster to explain why he believes Loop is not only a technology breakthrough but...
In January, Feedzai launched in the U.S. a fraud-prevention solution available for omnichannel commerce. Founded by aerospace engineers and data scientists, the company provides a means by which merchants, processors and other organizations may use Big Data to anticipate and detect fraud earlier. In a...
MasterCard issuers will be able to choose and advance network relationships, and merchants will be able to continue to route transaction as desired without needing making significant technological upgrades, under a recent deal Fiserv Inc. struck with the card brand. Fiserv is making MasterCard’s U.S....
You know the problem is serious when Visa and MasterCard come together on something. And the recent spate of merchant data breaches and fraud is the latest example. On Friday, the two bankcard brands formed a cross-industry group whose primary focus is to enhance payment...
When managing fraud, processors, acquirers and merchants should look at the entire ecosystem of the transaction activity, not just the point-of-sale solution. And once that’s figured out, the key important next step is to have to have a program and appropriate staff in place...
New evidence suggests that an underground cybercrime ring — or rings — may be involved in the merchant-data breaches taking place recently. The fact that point-of-sale malware can be acquired with relative ease on the Internet, as well as signs from security officials that multiple...
Two security experts have shared a recent experience investigating the BlackPOS malware that is at the center of the growing merchant data-breach crisis. In an interview with KrebsOnSecurity, a technology security blog that has been investigating the data breaches, Tom Arnold and Paul Guthrie of cybersecurity...
Target acknowledged this week that the holiday season point-of-sale malware attack continue for longer than previous admitted. Target CFO John Mulligan’s included the revelation in his testimony for an appearance before the Senate Judiciary Committee. He wrote that 25 POS machines were discovered to be...
The malware used to infiltrate the point-of-sale systems at Target, Neiman Marcus and other retailers appears to have been custom built for each job. Investigators have determined the malware attacks are slightly different from retailer to retailer, the Wall Street Journal reported on Feb. 5. William Noonan,...
