Another breach of consumer credit card information was reported by Hudson’s Bay, the owner of Lord and Taylor and Saks stores. Hudson’s Bay said “it was the victim of a security breach that compromised data from payment cards that had been used at some stores in North America, and that it had “taken steps to […]
As smartphones’ capabilities continue to expand, it’s easy to take for granted the cellular networks they rely on to talk, text and access the Internet. But during hurricanes, tornadoes, floods, wildfires and other natural disasters, cell towers are vulnerable. Increases in call volume linked to the disaster often cause network congestion, making communication difficult. After […]
Since June 2017, a potentially disastrous security exposure has been known, and for the most part it has been kept quiet. The flaw apparently affects Microsoft and Linux operating systems (OS) and all recent Intel, ARM, and AMD computer chips in laptops, desktops, and cellphones. So far, there are no reported security breaches that depend […]
For retail payments there are six protocols in common use – cash, check, credit card swipe and sign, debit card swipe and pin entry, EMV chip and sometimes sign, and mobile payments (using near field communications) with a second form of authentication. Cash and check are less commonly used. Cash payments challenge some of the […]
The poorly planned, poorly executed transition to chip-enabled credit cards claims another victim. This time, it’s not just the everyday American consumers stuck with lackluster security measures and it’s not just the nation’s retailers who have endured costly equipment upgrades while taking on more financial liability. This time, it’s VeriFone – a $2 billion company […]
This piece published in Forbes sets the record straight about Chip and PIN credit cards.
The ongoing discord between retailers and the banking industry highlights the disagreement regarding payment cards and where the technology is headed. While the financial industry often deflects calls for improving credit card security by conjuring up the prospect of a mobile and biometric payment world, those days are too far from now for us to […]