The Evolving Security of Credit Cards

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 […]

Time and Security at the Checkout Line

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 […]

ACI in Forbes: Chipping Away At Credit Card Fraud

This piece, available at Forbes, discusses how chip and PIN technology can sharply reduce credit card fraud in merchant stores and decrease data breaches, while the chip and signature solution that now being deployed in the U.S. will only make a modest incremental improvement.