In the wake of the $81 million Bangladesh Bank hack, the Committee on Payments and Market Infrastructures (CPMI) has set up a task force to look into the security of wholesale payments that involve financial institutions.
More bad news from the online crime front over the weekend, as UK business software group Sage reports a breach that may have compromised the bank account details of employees at 230 UK companies, and HEI Hotels group in the US admits to a POS malware infection that filched payment card details from tens of thousands of customer transactions.
As U.S. issuers, merchants, acquirers and processors continue their migrations to EMV chip technology for more secure payments, many stakeholders may ask: "What is the least complex way to deploy chip for my organization?"
Oracle is warning users of its Micros POS payments technology of a data breach which saw malicious code installed on its systems.
Oracle is warning users of its Micros POS payments technology of a data breach which saw malicious code installed on its systems.
In an effort to promote further adoption of EMV in the U.S., American Express (AXP) today announced changes to its EMV chargeback policy to help merchants limit their fraud costs as they upgrade their point-of-sale systems.
Cops in Europe and Malaysia have arrested 105 people accused of participation in a massive organised criminal enterprise that made counterfeit credit cards that were used to buy high-value goods worth millions of euros.
Adaptive behavioural analytics software reduces 'genuine transactions declined' by over 70% and incidence of undetected fraud by 25%.