Oversight of payment-processing software will change under detailed plans announced by the PCI Security Standards Council. In related news, the EMVCo standards body announced an update to its 3-D Secure standard for protecting card-not-present transactions. In a Friday blog post, the PCI Council said its pending PCI Secure Software Standard …

I have found out that many payments professionals, who claim to use and comprehend the cloud, view it simply as a remote repository of accounts. So this month I have decided to dedicate this column to one purpose: elucidating this remarkable technology as a service to my readers. Early in …

Friday’s disclosure from hotel giant Marriott International Inc. that hackers compromised information on up to 500 million guests held in its Starwood reservation system raises the question of whether fraudsters will be able to use an unknown quantity of encrypted payment card numbers because they also might have stolen the …

  Most merchants are in business because of their passion about a product or service, and because they are interested in making money. To succeed, business owners must be prepared for the many obstacles they can face. When it comes to electronic payment acceptance, security is one of the challenges …

[Image Credit: Any IP Ltd.] With malicious bots bombarding the Web, tech vendors are adding services to shield banks, retailers, and other firms with data behind login pages from the onslaught. The newest is Cequence ASP from Cequence Security, which the Silicon Valley firm says detects and ends attacks through …

Digital Transactions examines the five most worrying cyberthreats facing payments companies and asks experts what can be done to guard against them. Hackers are more sophisticated, better funded, better equipped. and more skilled at finding cracks in cybersecurity systems than ever. By adopting advanced technologies such as artificial intelligence, encryption, …

First Data Corp. plans to further exploit its fast-growing Clover point-of-sale hardware and software platform for small and mid-sized businesses by bringing it to full-service restaurants. “Clover has always been strong in small, quick-service restaurants, but the FSR segment needs much deeper functionality and is a large addressable software market …

Data-security provider ControlScan Inc. acquired Dunbar Cybersecurity, a move that will strengthen ControlScan’s threat-detection and response capabilities, the company said. Terms were not disclosed. Mastercard Inc. said beginning in April 2019 cardholder signatures on the back panel of its cards will be optional. It no longer will require issuers to …

P97 Networks Inc., the Houston-based company behind mobile wallets from Gulf Pay and Phillips 66, will work with data-security provider ControlScan Inc. on controls for mobile-payment services. Announced Tuesday, the deal is targeted at convenience stores and fuel retailers, quick-serve restaurants, and related merchants. Alpharetta, Ga.-based ControlScan will be tied into …

Mobile payments are booming in places like China and India, but in the United States, not so much. Year after year, one reason that keeps popping up in surveys is concerns about security, and on Tuesday a major standards body announced a measure aimed squarely at those fears. The Accredited …