Fraud-prevention specialist Tender Armor LLC intends to use the proceeds from its latest funding round to hire more personnel and launch its marketing efforts. Announced Thursday, the funding round, for an unspecified amount (though characterized as “multimillion”), is a big step in growing the startup, says Madeline K. Aufseeser, chief …

Lighthouse Network, the company behind such acquiring and point-of-sale brands as Harbortouch and POSitouch, announced Monday it has purchased Shift4 Corp., a Las Vegas-based payment gateway, for an undisclosed amount. Allentown, Pa.-based Lighthouse also announced it would adopt the Shift4 name, rebranding itself as Shift4 Payments. It was only in …

Widely touted as a potent data-masking tool, encryption has been slow to take hold in the payments industry, despite a continuing plague of data breaches. Here’s what’s going on to change that. Kmart, Arby’s, Saks Fifth Avenue, Hyatt Hotels.  Those are just some of the merchants that reported data breaches …

VeriFone Systems Inc. has finally shed its underperforming taxi business, but it still faces a North American market hampered by a three-year delay in an EMV deadline for U.S. petroleum marketers. The San Jose, Calif.-based point-of-sale company sold the taxi unit on Tuesday for $30 million. VeriFone, which will retain …

Credit and debit card fraud at the point of sale is declining precipitously two years after the payment card networks’ EMV chip card liability shifts took effect, but identity, online, and so-called fallback fraud all have risen, according to an analysis of card issuers’ experiences from Auriemma Consulting Group. New …

Fraudsters have caused 1,202 data breaches this year as of Nov. 29, up nearly 18% from the same period a year earlier, and they’ve exposed 172.4 million records, according to the latest figures from the Identity Theft Resource Center. Some 156.4 million Social Security numbers were compromised in the breaches, …

The United States seems to excel at developing new electronic payment systems, but it struggles with commercializing them. Oh yes, debit card payments are nearly universal now, but if you were following this business back in the ‘80s, when networks, banks, and merchants were looking at the matter of ATM …

The underground market for personally identifiable information is flourishing, with criminals paying as little as 20 cents to as much as $15 for verified credentials across the dark market. That’s the latest from RSA Security LLC, a data-security company. The Bedford, Mass.-based firm released the 2018 Cybercriminal Shopping List Tuesday, …

It’s not a pretty picture, but then anything detailing the proliferation of cybercrime isn’t likely to have a bright side. ThreatMetrix Inc., in its “2017 Q3 Cybercrime Report,” says it detected and stopped 171 million attacks in the third quarter, a 100% increase from the 2015 third quarter. The report, …

The fourth-quarter holiday shopping season may be a big present in the form of more sales for retailers, but it may also bring with it a lump of coal in the form of amped-up cyberattacks and fraud attempts. Two of the most beneficial measures retailers can take to secure their …