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PayPal (Sort of) Embraces NFC … With rivals like Google Inc., Visa Inc., and MasterCard Inc. having jumped into near-field communication technology, there has been no little speculation in the payments business about when, or whether, PayPal Inc. would take the plunge. Wonder no more. The eBay …
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Opinion&Analysis: What’s Wrong with the Mobile Wallet?
By Steve Mott Scratch most of the proposed or existing wallets, and you’ll find the same payments infrastructure everyone is trying to move beyond. What’s needed is an alternative that benefits consumers and merchants as much as it does banks, networks, and carriers. The rising …
Read More »After Revamping Its Process, PCI Council Unveils New Interest Groups
n n n n n n n n n Besides generating recommendations and advice applicable immediately, Russo expects the SIGs will develop insights that find their way into the next major update of the existing PCI version 2.0. Version 3.0 will be unveiled in late 2013 and take effect …
Read More »Awareness of PCI Remains “Shockingly Low” Among Small Merchants, Study Finds
Small merchants are not much more aware of—let alone compliant with—the Payment Card Industry data-security standard (PCI) than they were a year ago, according to a study released this week. Some 53% of small merchants are now at least aware of PCI, a small increase from the 47% a similar …
Read More »Security: Malware Becomes More Malicious
By Jane Adler The payments industry has made great strides in the area of security, but malicious computer code is still an ever-evolving threat to processors and merchants. For a restaurant manager, Gary Sipp knows a whole lot about malicious computer software, usually referred to …
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What Keeps ATM Execs up at Night? Complying with new Americans with Disabilities Act (ADA) requirements and fighting fraudsters who put skimmers on their machines rank high on the to-do lists of ATM managers. The findings come in a new report from Aite Group LLC …
Read More »Visa Tries To Juice EMV And Mobile Payments with New Initiatives
Leading payment card network Visa Inc. on Tuesday announced three initiatives to spur adoption of so-called EMV contact and contactless chip cards and near-field communication (NFC) mobile payments in the U.S. Observers hailed Visa’s action, but noted that a full move to EMV and NFC mobile payments in the U.S. …
Read More »Brand Protection, Internal Threats Emerge Among Chief PCI Preoccupations
Fear of the damage that a data breach can inflict on a brand, rather than of network fines, drives organizations to invest in compliance with the Payment Card Industry data-security standard (PCI), a study released on Tuesday says. Some 69% of the mostly online organizations surveyed cited brand protection …
Read More »PCI Council Issues Virtualization Guidelines, Still Crafting Mobile Rules
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All Signs Point to Credit Cards’ Recovery After getting KO’d in the recession, credit card usage is back on its feet. While card issuers are more cautious than they were a few years ago, consumers who have credit cards are using them more frequently, and they are spending …
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