News

January, 2014

• 20 January

  Security Firm Identifies Alleged Target Malware Creator as Russian Teen

    A 17-year-old Russian boy is behind the malware that has wreaked havoc at Target Corp., says IntelCrawler LLC, a Sherman Oaks, Calif.-based data-security company. In a release posted on its Web site Friday, IntelCrawler disclosed that it tracked down the alleged hacker via its own sources, including chat transcripts …
• 16 January

  Amid EMV Travails, X9 Convenes a Meeting to Investigate Standards for Debit Routing

  Against a backdrop of knotty problems besetting the U.S. introduction of EMV, a financial-services standards body is investigating the potential for a set of non-proprietary chip card rules for EMV debit routing. n The group also broke up into subgroups during the meeting, which was held Dec. 9-10 at the …
• 15 January

  Mobile Devices Capture the Lion’s Share of Consumer Remote Deposit Capture Users

  A new research report from Celent LLC estimates that the number of consumers using the mobile variant of remote deposit capture (RDC) nearly doubled in 2013 and predicts that users will triple by 2016 to 61 million. Along with documenting its growth, however, the report says remote capture is sustaining …
• 14 January

  Experts Differ on Whether EMV Chip Cards Provide Data-Breach Immunity

  The huge data breach at Target Corp. and now one at upscale department store Neiman Marcus Group and possibly other retailers has introduced many Americans to the term “EMV” and the possibility that more secure Europay-MasterCard-Visa chip cards will replace vulnerable magnetic-stripe credit and debit cards in the United States. …
• 14 January

  Aiming at Larger Enterprises, Roam Debuts a Centralized Management Tool for Mobile POS

  U.S. retailers and businesses using Roam Data Inc.’s mobile point-of-sale card reader and its software have a new tool to manage multiple readers. Boston-based Roam released Monday ROAMmcm 5, a platform for controlling the payment card readers that attach to smart phones and tablets. n With it, entities can set …
• 14 January

  Tapping Its Security Reputation, Brink’s Teams with 2Checkout To Offer Online Payments

  Hoping to build off its security reputation, The Brink’s Company announced Tuesday it launched Brink’s Checkout, an e-commerce payment service in conjunction with 2Checkout.com Inc., an e-commerce payment-services company. The famed armored-car company will market and sell Brink’s Checkout, while 2Checkout will provide the payment processing, oversee the merchant application …
• 13 January

  PayPal Tests ‘In-Context Checkout’ To Let Users Pay While Staying on Merchant Site

  In a bid to streamline its payment process for online retailers, PayPal Inc. is testing a service that lets users pay and check out without leaving the merchant’s site. Dubbed “in-context checkout,” the service, which is designed to work on tablets and mobile phones as well as laptops and desktops, …
• 10 January

  Target’s Breach Compromised Data on Millions More Consumers Than Initially Disclosed

  Target Corp. on Friday said personal data on 70 million customers were compromised in a separate theft during the same data breach it disclosed last month that exposed up to 40 million credit and debit card accounts of U.S. shoppers. That could bring the total number of customers affected up …
• 9 January

  With Marijuana Sales Now Legal in Colorado, Will the Smoke Clear on Pot Payments?

  The smoke seemed to clear a bit this week on the status of electronic payments for Colorado shops selling now-legal recreational marijuana, but the nascent merchant category still remains in what effectively is a legal no man’s land between conflicting state and federal laws. Some 20 states and the District …
• 9 January

  Authentication Layer Helps E-Commerce Conversion Rates in Some Countries, Not in Others

  The online payment card authentication technology known as Three Domain, or 3-D, Secure, and marketed as MasterCard SecureCode and Verified by Visa, have mixed impacts on e-commerce conversion rates around the world, according to a joint study commissioned by international payment gateway Adyen and consulting firm Edgar, Dunn & Co. …