Tuesday , June 19, 2018

Fraud & Security

Verifone Says Its Breach Is Contained to Two Dozen Convenience Stores

VeriFone Systems Inc. acknowledged that hackers targeted two dozen convenience stores in an attempt to get at sensitive payment data by infiltrating the point-of-sale terminal maker’s corporate network in January. The confirmation follows a report Tuesday on KrebsOnSecurity.com that disclosed the attack. The site, which specializes in information-technology threats and …

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Petitioners Besiege Shopify and other Digital Transactions News briefs

• A small group of protesters came to the Ottawa, Ontario, headquarters of e-commerce services provider Shopify Inc. Thursday to deliver a stack of 140,000 signatures from people opposed to Shopify’s business dealings with alt-right news service Breitbart News, which runs its Web store on Shopify’s platform. • Roberts Hawaii, a tour-bus and airport-shuttle …

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Spoofed IDs Help Darken the Security Picture

Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the money they hold. The …

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More Bad News: Phishing Attacks Surged 65% to Hit a Record 1.22 Million in 2016

The bad news about payments risk just keeps on coming. The Anti-Phishing Working Group Inc. reported this week that phishing attacks reached an all-time high in 2016, totaling 1,220,523. That was up fully 65% over 2015, the group says in its latest quarterly report. Another way to look at the …

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Interac Fraud at Record Low and other Digital Transactions News briefs

• In separate blog posts, PayPal Holdings Inc. executive vice president Bill Ready and chief executive Dan Schulman reported the company has reached 200 million total consumer, merchant, and charity accounts. They also said the PayPal’s One Touch authentication technology has signed up 50 million consumers and more than 5 million merchant accounts, …

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COMMENTARY: How to Cure the ‘Hangover,’ Sell EMV, And Grow More Quickly

In the February, 2017, issue of Digital Transactions, Steve Mott argues that the U.S. EMV migration was a misguided, poorly planned, and poorly executed effort. In his article, “The Great EMV Hangover,” he considers the migration to be a failure, writing, “As 2016 wound to a close, nothing short of …

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A Health Care Payment Option Launches and other Digital Transactions News briefs

• Abilene Diagnostic Clinic has adopted the One Bill solution from health-care payments processor InstaMed, allowing patients to deal with a single statement embracing all ADC locations. • In related news, Change Healthcare, a specialist in analytics software, introduced Personalized Communications for its billing and payments solution. The new service is aimed at billing …

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Retailers’ Late EMV Conversions Continued To Plague Blackhawk in Late 2016

By Jim Daly@DTPaymentNews The lingering impact of some retailers’ slow conversion to EMV chip card acceptance continued to plague prepaid card services provider Blackhawk Network Holdings Inc. in the fourth quarter. Blackhawk reported late Wednesday that revenues fell short of its expectations in part because of a “continued EMV headwind” …

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Surging Attacks Driven by Spoofed IDs And Mobile Devices Darken the Security Picture

By John Stewart @DTPaymentNews Security jitters have hit the payments industry, and it’s no wonder. The arrival of new and sophisticated ways to spoof identities, coupled with the rapid rise of mobile usage for banking and payments, has created a minefield for security professionals charged with guarding accounts and the …

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Financial Institutions Give NACHA an Upbeat Report on Clients’ Usage of Same-Day ACH

By John Stewart @DTPaymentNews In an early glimpse of how U.S. businesses are using faster payments, the governing body for the automated clearing house issued survey results Tuesday showing that 90% of respondents at surveyed financial institutions report same-day ACH origination volume at or above what they expected. The same …

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