22

February

Insignia Payment Solutions Advice on the Safety of Chipped Cards

KWES NewsWest 9 / Midland, Odessa, Big Spring, TX: newswest9.com | Various tips have been given on how to stay safe from various types of card skimmers. An expert said the best way to stay safe could be in Chip Cards. Business owner Tobin Routh has been working with credit cards for about 20 years. [...]
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17

February

Trustwave probes security pressures, concerns

Chicago-based Trustwave confirmed rising levels of job-related stress in the data security trade. The company's third annual 2016 Security Pressures Report, published Feb. 10, 2016, is based on a survey of 1,414 in-house information security professionals in the United States, Canada, the United Kingdom, Australia and Singapore. The report compiled three consecutive years of aggregated [...]
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10

February

Skimming

Requires the use of small swipe devices (called skimmers) to capture unsuspecting customers' credit and debit card numbers at ATMs and POS devices.
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03

February

General Purpose / General Spend Card

An open-loop or network-branded card whose sole purpose is to facilitate normal spending transactions, with functionality similar to a debit card but without the need for a bank account.
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27

January

Four months after EMV Launch

It's been four months since the Europay, MasterCard and Visa (EMV) mandate took effect in the United States, yet the migration to EMV-compliant POS terminals is far from complete. Lack of merchant awareness is one reason. An even more compelling factor, however, is the existence of long queues for processor certification of EMV-compliant terminals and [...]
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20

January

Smart Cards

Credit and debit cards featuring tiny silicon chips that contain information like account numbers and PINs that can be read only by compatible POS terminals.
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13

January

MasterPass joins Wal-Mart payment mix

Wal-Mart Stores Inc. disclosed Jan. 4, 2016, that it plans to add MasterPass to all its e-commerce websites this year. Launched in 2013 by MasterCard Worldwide, the MasterPass e-commerce platform is designed to enhance and simplify digital payment transactions. Approximately 250,000 retail locations and 24 countries use the free service, which is easy to implement [...]
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07

January

Magnetic Ink Character Recognition

A security technology that encodes information into magnetic ink characters and numbers printed on checks and documents. To verify the legitimacy and originality of checks, the magnetic ink character recognition (MICR) line sequence that usually appears at the bottom of a check can be magnetized and read electronically by a MICR reader.
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30

December

Mobile tech drives global holiday spend

retail reports from the holiday shopping season have shown increased ecommerce activity around the globe. Consumers in the United States and China have been the most active shoppers, purchasing low-price, high-quality U.S. merchandise, analysts have stated. Jack Kleinhenz, Chief Economist at the National Retail Federation, saw a resurgence in consumer confidence in November and expects [...]
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23

December

Payment Card Industry (PCI) Data Security Standard (DSS)

Established by the major payment brands, including American Express Co., Discover Financial Services, JCB International Co. Ltd., MasterCard Worldwide and Visa Inc., the PCI DSS is now managed by the PCI Security Standards Council. The PCI DSS is designed to enhance payment account data security worldwide and consists of 12 requirements governing security management, policies, [...]
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