The Importance Of Security And Fraud Prevention For Payment Processing

The Internet of Things is making the world more digitally driven and digitally connected. It’s estimated 50 billion smart devices will be used all over the world by 2020. Of course, this will highly add to the convenience of making payments, enabling consumers to easily pay how they want and when they want. However, the

Payment Card Industry Data Security Standard Audit A Fire Drill?

Each year, companies face a fire drill when completing their Payment Card Industry Data Security Standard (PCI DSS) audit. What is more, companies have to complete the vulnerability scans that are required by PCI DSS. Why Do Companies Get into a Chaos? The reasons for a PCI compliance fire drill are as follows: First of

Target’s CEO Steinhafel Steps Down following the 2013 Data Breach

Target has been left with many choices to make after the data breach that occurred in the three weeks surrounding the holiday shopping season of 2013. As many as 40 million customers were compromised when their payment card accounts were hacked. According to an article by the Los Angeles Times, “The company later said that

Merchants fight to Take Hold of Card Security Measures

As the federal government considers new laws and regulations following the recent Target data breach, it’s important to consider who will unintentionally suffer. With any new laws or regulations, at times the good will have to suffer with the bad. This could be substantial, as nearly 70% of payments and purchases made in the United

POS Makers Prep for 2015 Card Changes

With as many as 5 million mobile point-of-sale readers in circulation in the United States, mobile POS companies will have their hands full following the liability shift set for October 2015 when the nation’s payment card networks step up the migration to the MasterCard-Visa chip and pin system. While this change is fantastic for security

The Ups and Downs of Mastercard’s Smartphone Security Plan

Mastercard recently announced plans to beef up security to make it more difficult for someone to use a stolen credit card. The company they are collaborating with, Syniverse, looks to help strengthen security by making it virtually impossible for an individual’s credit card to be used outside a certain distance of his smartphone. However, while

Two New Attacks on Credit Card Information

Business owners and Customers show little concern Perhaps the most noticeable fallout from Target’s massive credit card security breach last year is how little impact it had on small business owners. Data protection, a recent poll reveals, is still on the back burner for small business owners—who have barely any interest regarding the Europay-MasterCard-Visa (EMV)