X9 Wants Tokenization to Cover More Links in the Payment Chain
As the payments industry attempts to standardize the process of using a token to replace sensitive data, the end result may still involve several different approaches.
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Brian Cornell
Target Corp., struggling to fix a botched expansion in Canada and undo the lingering damage of a holiday hacker attack, hired former PepsiCo Inc. executive Brian Cornell as chief executive officer. more »
Brainloop's William O'Brien
With the increased proliferation and reliance on public cloud solutions, combined with the recent high-profile data breaches that have occurred in the past few months, cybersecurity should be a top concern for both issuers and retailers who handle sensitive financial data. more »
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The Secure Remote Payment Council wants a more open process in the development of a standard for tokenization, with the goal of ensuring a single token can be handled by multiple parties to improve security. more »
Image: Bloomberg News
BJ's Wholesale Club is planning to convert its co-branded credit card program to chip-enabled MasterCards. more »
Image: Bloomberg News
Diebold is unveiling an anti-skimming card reader designed to prevent criminals from stealing card data from unsuspecting automated teller machine users. more »
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If there's one lesson bankers and retailers can take away from the hacking incident at online ticket seller StubHub, it's that they need to educate their customers about the dangers of using the same passwords on multiple sites. more »
Forter's Liron Damri
More consumers are skipping the mall and buying online instead. Many traditional retailers have already moved online to maximize their sales among customers who either don’t have access to their physical shops due to distance, or for whom shopping online is simply more convenient. more »
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Visa, which just revamped its digital payment system, will introduce secure "tokens" in September to replace the 16-digit account number for online payments. more »

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