May 4, 2015

Sally Beauty Holdings Inc. has announced it is currently investigating reports of unusual activity involving payment cards used at some of its Sally Beauty stores in the United States.

April 30, 2015

The upcoming Oct. 1, 2015, mandate for U.S. retailers to adopt POS systems that can securely accept and process transactions using EMV (Europay, MasterCard, Visa)-compliant, chip-based payment cards is fast approaching. Retailers that are not in compliance with the mandate after that date will be held liable for any fraudulent transaction committed with a chip-based card. However, retailers that have not completed — or started — their compliance efforts should not necessarily panic.

April 29, 2015

While most observers agree there will not be widespread adoption of technology to accept payments from EMV-compliant payment cards in the U.S. by the October 2015 fraud liability shift deadline, Forrester Research is less optimistic than most.

April 6, 2015

The Food Marketing Institute (FMI) is reportedly asking major credit card companies to delay the October 2015 mandate for U.S. retailers to comply with the Europay, Mastercard Visa (EMV) chip-based payment card standard.

February 24, 2015

American Express has officially launched its Small Merchant EMV Assistance Program, which was announced last October by President Obama.

February 21, 2015

The White House recently hosted a daylong Summit on Cybersecurity and Consumer Protection at Stanford University. Speakers ranged from President Barack Obama to Apple CEO Tim Cook to Walgreens president Alex Gourlay). Here are a few takeaways.

January 5, 2015

Chick-fil-A acknowledged on Friday that it has received reports of potential “unusual activity” involving payment cards used at a few of its restaurants and that it was investigating whether a data breach had taken place.

December 22, 2014

About 1.16 million customer payment cards may have been exposed in a security breach at Staples Inc. earlier this year. 

December 17, 2014

Payment technology provider First Data and secure payment acceptance technology vendor Verifone, are partnering to help retailers reduce exposure to large-scale consumer payment data breaches and expedite acceptance of EMV-enabled credit and debit cards in advance of the October 2015 liability shift for EMV-enabled payment card fraud.  

December 12, 2014

EMV is a great way to combat counterfeit cards at the point of sale (POS), but it does nothing to prevent the types of breaches seen in recent news headlines.

October 30, 2014

Last year, Black Friday was the top date for “card present” (CP) fraud, where a payment card is presented in a store for unauthorized usage.

October 22, 2014

In Russia alone, stolen payment card information is a $680 million-per-year industry, according to Moscow-based security company Group IB. With that much money to be made, it’s no wonder cyber-attacks are so common. 

October 21, 2014

Staples Inc. is investigating a possible breach of payment card data.

October 17, 2014

At least 47% of U.S. merchant terminals will be enabled for EMV chip technology by the end of 2015, according to the Payments Security Task Force (PST).

October 17, 2014

President Obama on Friday signed an Executive Order designed to reduce cyberfraud and identity theft.

October 6, 2014

After large-scale payment data breaches at Target, Sally Beauty, Michaels, Niemen Marcus and the recently confirmed breach at Home Depot, it seems that no retailer is safe from skilled hackers. The incidents also bring to light such questions as “why are payment system breaches happening more frequently?” and “how can they be stopped?”

October 2, 2014

3dcart, a hosted e-commerce provider for small businesses, is launching a partnership with MasterCard for MasterPass, the MasterCard digital payment solution, into its commerce offering.

September 19, 2014

Home Depot Inc. confirmed that some 56 million payment cards were likely compromised in a data breach that went undetected for five months.

August 15, 2014

Supervalu Inc. has suffered a data breach that may have resulted in theft of customer payment card data.

June 24, 2014

▲ Data breaches are on the rise: Mounting an attack on retail systems has become increasingly attractive to attackers because malware can be delivered at very low cost, according to Mark Bower, VP product management and solutions, Voltage Security, a Cupertino, California, provider of data-centric encryption and tokenization.

“So it becomes very attractive to attackers to try and steal credit card and personal data they can monetize very quickly,” he added.

May 13, 2014

Contactless payment card shipments accelerated globally in 2013.

April 3, 2014

Despite a slight decrease in corporate payments fraud and a heightened interest in security risks, 2013 saw an increase in fraud specific to credit and debit cards as criminals and their schemes became more sophisticated, according to the 2014 AFP Payments Fraud and Control Survey released by the Association for Financial Professionals (AFP).

March 4, 2014

As recent events demonstrate, the magnetic stripe-based payment cards used by the vast majority of U.S. retailers, banks, payment processors and card issuers are vulnerable to fraud. The Europay, MasterCard, Visa (EMV) standard used by the rest of the developed world stores sensitive customer data on an encrypted chip, rather than on a magnetic stripe, making payment card fraud much more difficult. Erik Vlugt, VP product marketing for electronic payment solutions vendor VeriFone Inc., recently shared insight on the advantages EMV can offer U.S.

March 4, 2014

The data security breaches at Target and Neiman Marcus have put a white-hot fire under the push for the adoption of microchip-based credit-card technology to replace the traditional (and, many would say, backward) U.S. standard of magnetic strip cards.