While the new Apple Pay system is slated to debut next month in the United States, payment card brands say the system eventually will expand to some of the other 66 countries that already accept contactless payments.
Helping merchants deal with the growing threat of POS malware is one of the biggest challenges facing Troy Leach, CTO of the PCI Security Standards Council, who says the BlackPOS malware threat, in particular, "is keeping me up at night."
Today's sophisticated fraud threats are daunting. But security adviser Neira Jones is more concerned about financial institutions' lack of preparedness to face these threats. A London Fraud Summit preview.
The PCI Security Standards Council has released an update to its guidance for merchants on protecting against card skimming attacks in POS environments that spells out best practices for addressing the latest attack scenarios.
Apple has announced a new payment feature known as Apple Pay for its latest iPhones that uses NFC technology to conduct transactions. Security and payment experts say the move eventually could help improve payment security.
A Twitter chat featuring Gartner's Avivah Litan offered a lively discussion of numerous fraud-related issues, including card breaches, weak authentication and the need for mobile scrutiny. We'll host more chats soon.
More than 1,000 U.S. businesses have likely been infected by Backoff, a new point-of-sale malware linked to numerous remote-access attacks, according to an Aug. 22 advisory from the Department of Homeland Security.
Visa's new intelligent analytics service aims to help gas stations reduce card. But experts say the service could reduce fraud for other merchants, too, and bridge the gap between the mag-stripe and EMV.