Friday , November 22, 2024

Search Results for: encryption

Australia Post Select U.S. POS System and other Digital Transactions News briefs from 4/24/18

Boston-based OneView Commerce announced that Australia Post signed a multiyear software-as-a-service agreement to use OneView’s Cloud POS service. Payments provider Merchant e-Solutions released an updated version of its payment-acceptance extension for the Magento e-commerce platform. Payouts company Transpay said outbound payments from the United States to other nations increased 93% …

Read More »

Ingenico Releases Tablet-Based ECR and other Digital Transactions News briefs from 4/17/18

Point-of-sale terminal maker PAX Technology said processor Worldpay Inc. now supports its handheld A920 POS terminal. Ingenico Group released the Moby/C150 electronic cash register, an EMV-compatible tablet point-of-sale system. VeriFone Systems Inc. said it is using AES DUKPT, a security key management standard, in its encryption service VeriShield Total Protect, in …

Read More »

Tabletop POS System Provider E la Carte Changes Its Name to Presto

In the increasingly competitive market for tabletop point-of-sale terminals, providers are looking for some magic. One of them, Redwood City, Calif.-based E la Carte, said this week it is changing its name to Presto, which means “fast” in Italian, as the company points out, but also adds that the word …

Read More »

Data Thieves Increasingly Target Service Providers, Trustwave Reports

Point-of-sale integrators, help desks, and other computer-related service providers for businesses, look out—the hackers are after you. The new Global Security Report 2018 from Chicago-based Trustwave says service providers were involved in 9.5% of the 700-plus data compromises the firm investigated in 2017. In 2016, service providers played a role …

Read More »

Protecting Businesses and Customers from Fraud

According to the Breach Level Index, more than 9.24 million data records have been lost or stolen since 2013, and while the introduction of EMV chip cards has caused a drop in counterfeit card fraud, US Payments Forum says “card not present” (CNP) fraud is on the rise. “The United …

Read More »

Orbitz Breach Exposes Risks to Partners, and the Vulnerabilities of Older Technology

Another day, another data breach. But each one has lessons for the payments industry, and that includes the breach disclosed Tuesday by online travel-services provider Expedia Inc.’s Orbitz subsidiary. Hackers accessed one of Orbitz’s older systems and thereby may have exposed 880,000 payment card numbers on file, according to press …

Read More »

E-Commerce Specialist Stripe Snaps up Faster EMV Developer Index in Multichannel Play

The search by online-payments kingpins for avenues into physical-world stores reached a new milestone with the acquisition by Stripe Inc. of point-of-sale technologist Index Inc. Terms of the deal were not disclosed, according to an Index spokesperson, who added the company has no immediate comment on the transaction. A Stripe …

Read More »

Some Debit Card Fraud Increased in 2017 and other Digital Transactions News briefs from 3/7/18

The number of debit cards compromised at ATMs and merchant terminals increased 10% in the United States last year, according to antifraud-technology vendor FICO. Newtek Business Services Inc., owner of Newtek Merchant Solutions and Premier Payments LLC, says its payments unit processed $6.1 billion in volume last year. Point-of-sale terminal …

Read More »

Many Firms Pay a Price for Compromising Mobile Security in the Name of Efficiency

Some 27% of executives with responsibility for their organization’s mobile devices said their firm had experienced a security incident in the past year involving the loss of data or system downtime in which mobile devices played a key role, according to new findings from Verizon Communications Inc. In addition, 32% …

Read More »

POS Malware Hides in Plain Sight; 18 Senators Vs. Jeff Sessions; Plus Weekly Recap from 2/16/18

The cryptocurrency Litecoin was still riding high Friday morning following a mid-week announcement that a new entity called LitePay Inc. will provide merchant processing in 41 countries, including the United States, starting Feb. 26. As of mid-morning, Litecoin traded at $220, up 38% from $160 at noon Tuesday. Also this …

Read More »
Digital Transactions