US retail lobby calls for open standards for tokenisation
August 4, 2014 - Today, the Food Marketing Institute, Merchant Advisory Group, National Association of Convenience Stores, National Grocers Association, National Restaurant Association, National Retail Federation, and Retail Industry Leaders Association released the following statement on tokenization technology in the United States:
European card fraud losses hit new high - Fico
August 4, 2014 - FICO, a leading predictive analytics and decision management software company, today published its latest map of card fraud in Europe, showing that card fraud losses in 2013 for the 19 European countries studied reached €1.55 billion.
US govt warns retailers about new POS malware family
August 1, 2014 - The US government has put out an alert warning retailers about a new family of malware, dubbed Backoff, targeting point-of-sale systems.
Finally, Sepa migration deadline day arrives
August 1, 2014 - After a 15 year slog, the Single euro payments area (Sepa) hits a major milestone today with the full implementation for credit transfers and direct debits in the euro area.
Apple talking to Visa about mobile payments - report
July 25, 2014 - Apple is in talks with Visa as it ponders launching a mobile wallet this autumn, according to tech site The Information.
Fed updates non-cash payments report to include mobile wallet data
July 25, 2014 - The 2013 Federal Reserve Payments Study Detailed Report, released today, provides new information on the payments landscape including updated results on the intensity of card use by consumers and businesses; further discussion of previously released information on third-party payments fraud; new estimates of over-the-counter cash withdrawals and deposits at bank branches and wire transfers made by businesses and consumers; and discussion of emerging and alternative payments likely to replace traditional payments such as cash and checks.
Police make StubHub cybercrime ring arrests
July 24, 2014 - New York authorities have charged six people accused of being part of an international criminal gang which used stolen card data to buy thousands of event tickets through eBay-owned StubHub.
Romanian cybercrime network dismantled
July 18, 2014 - European authorities say they have dismantled a Romanian-dominated cybercrime network that used a host of tactics to steal more than EUR2 million.
