While the payments industry may believe a "breach fatigue" has set in, it may have been the expectation of a cowed and apathetic public that partly led to Equifax’s maligned response after its data breach was finally made public.
Software PIN pads can be compromised by crooks who intercept the PIN after it's typed. MagicCube attempts to position itself "in the middle" to block these hacking attempts.
Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny, writes David E. Johnson, CEO of Strategic Vision.
Seeing the successful “private label” debit programs at Target and Cumberland Farms has inspired more merchants to launch their own initiatives, writes Adam Frisch, CEO of Buy It Mobility Networks.
Providers leave out a majority of lower-volume companies that would happily accept an electronic payment or card, writes Sue Ellen Hodnot, vice president of sales for the west region at Nvoicepay.
Menusifu receives a $3 million round to boost a system that integrates with Alipay and WeChat Pay, enabling Chinese travelers to make direct payments with renminbi from Chinese bank accounts and digital wallets.
Welcome to the PaymentsSource Morning Briefing, delivered daily. The information you need to start your day, including top headlines from PaymentsSource and around the Web. Today: AXA uses smart contracts for flight delay payments; FCA issues PSD2 guidance; ING adds comparisons for transfer apps; iZettle draws investment.
Data breaches and payment hacks require not only tech measures, but crisis management. Had Equifax gotten out in front of the story, particularly during the slow news period of August, it would have earned kudos and perhaps mitigated some of the public scrutiny, writes David E. Johnson, CEO of Strategic Vision.
Alipay has worked with First Data, Verifone, Ingenico and others to connect with merchants in North America, but more as a service for Chinese travelers than a direct competitor to existing payment providers.
While the payments industry may believe a "breach fatigue" has set in, it may have been the expectation of a cowed and apathetic public that partly led to Equifax’s maligned response after its data breach was finally made public.
The reaction to major data breaches has always been to protect card data. But the non-card data that Equifax handled deserved just as much attention, if not more.
In the digital banking era, a transformation is taking place with financial institutions offering new, and more convenient digital channels and services.
Feedzai’s CTO, Paulo Marques, explains why he hasn’t seen an organization succeed yet. In this report, he dispells some of the myths around building a machine learning system, from his vantage point at the helm of an organization that has spent years to build the most advanced machine learning for risk.
