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The PCI Security Standards Council on Thursday released yet another set of data-protection guidelines for mobile payments, this one aimed at merchants using smart phones and tablet computers to accept credit and debit cards. Although it touches on many points, the guidance especially focuses on the software running on …
Read More »PCI Council: Merchants Need To Be Grounded When Mulling Cloud-Based Data Security
Merchants that think by hiring a cloud-based provider to handle their payment card security tasks they’ll never have to worry again about protecting card data had better think twice, according to the PCI Security Standards Council. “Just because people outsource to a cloud service provider, they’re not done,” says …
Read More »A Startup Emerges to Replace Passwords With a Wide Menu of Alternative Identifiers
Aiming to resolve a vexing security problem presented by user names and passwords, Palo Alto, Calif.-based startup Nok Nok Labs launched on Tuesday with $15 million in financing. Next month, Nok Nok will start shipping software that will allow users of PCs and mobile devices to identify themselves to …
Read More »Criminals Are Increasingly Targeting E-Commerce And Mobile Devices, Study Finds
Fraudsters are turning their attention to e-commerce sites, continuing to improve the malware they use to find and harvest payment card data, and sensing opportunity in mobile devices, according to the latest annual data-breach report by Trustwave Holdings Inc. Chicago-based Trustwave, a leading data-forensics investigator and security vendor, based …
Read More »FIS Enters Real-Time Person-to-Person Payments Arena with People Pay Service
Fidelity National Information Services Inc. (FIS) on Monday rolled out its entry in the person-to-person payments sweepstakes and, as with other providers in recent months, its service offers real-time settlement. Indeed, People Pay—the name FIS has given its new P2P service—is built on the PayNet network the company introduced …
Read More »Rewards, Subsidies Help Spur Activity for Isis in Mass Transit And Vending
A little more than 90 days into its pilot, Isis, a mobile-payments consortium formed by wireless carriers Verizon Wireless, AT&T Mobility, and T-Mobile USA, announced on Tuesday at the 2013 Payment Summit in Salt Lake City that it has more than 10,000 merchant locations in Salt Lake and Austin, …
Read More »Visa Seeks Reconciliation With Merchants As Its Debit Losses Narrow
New Visa Inc. chief executive Charles W. Scharf used his first earnings conference call with analysts Wednesday to offer an olive branch to U.S. merchants. Scharf’s comments came on the heels of an earnings and operational report for fiscal 2013’s first quarter that show strong U.S. Visa credit card growth …
Read More »Survey: Despite All the Digital Wallet Buzz, Few Consumers Understand Or Use One
Digital wallet? Try explaining that concept to your grandmother. New research from comScore Inc. says that very few consumers understand what a digital wallet is and even fewer have used one, the notable exception being PayPal Inc. The November study by the Internet data-measurement firm found that only 51% …
Read More »Eye on M-Commerce: Amazon Coins a Digital Currency; Google Cites New ‘Forms of Payment’
Amazon.com Inc. on Tuesday said it will jump into the digital-currency market with Amazon Coins, a payment product it will roll out in May on for its popular tablet, the Kindle Fire. Users of the device will be able to redeem the new currency on the Amazon Appstore, which …
Read More »Visa Offers a ‘Generic, Unbranded’ AID to Make EMV Durbin-Compliant
Visa Inc. on Monday became the latest payments network to offer the U.S. debit industry a solution for the problem of how to route EMV debit transactions in compliance with federal law. The proposal comes after debit networks on Thursday spurned a solution that MasterCard Inc. floated two weeks …
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