The Payments Association

JUNE 16, 2025

The difficulties lie in the assumption that, however secure they may be, one cannot rule out a breach of secure elements in the future. The experiment explored multiple countermeasures, chief among them being the use of Secure Elements: tamper-resistant chips that store cryptographic keys and transaction data on user devices.

Settlement 88

Settlement CBDC Payment APIs and Integration Privacy 88

Stax

JULY 7, 2025

This way, the business can recover the fees that would otherwise chip away at their margins. Security and compliance: Verify that the provider adheres to industry standards, such as Payment Card Industry Data Security Standard (PCI DSS) compliance, to protect sensitive customer data and minimize the risk of data breaches.

Credit Cards 88

Credit Cards Process Processors Debit Card 88

VISTA InfoSec

JULY 1, 2024

American chip giant Advanced Micro Devices, Inc. AMD) announced that it has launched a probe of a data breach carried out by a cybercriminal group called Intelbroker that led to several private documents and information being stolen which occurred early this month.

CHIPS 257

CHIPS Cybersecurity Data Breach Breach 257

Payments Source

APRIL 20, 2018

EMV, encryption are all necessary to protect merchants from data breaches, writes Jeff Zimmerman, COO of Clearent. PCI compliance can't solve all security problems.

Breach 91

Breach CHIPS Data Breach EMV 91

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Hackers have often succeeded in breaching password-protected systems through brute force attacks, guessing, or using “keyloggers” that record keystrokes.

PCI DSS 277

PCI DSS Security Compromise Best Practices 277

VISTA InfoSec

JULY 19, 2024

Here are some examples of hardware security measures implemented in PCBs: Hardware encryption: When it comes to PCBs, hardware encryption means integrating specialized chips or modules onto the circuit board. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

Cybersecurity 264

Cybersecurity Encryption Fraud Detection CHIPS 264

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Payments Source

MAY 29, 2018

A direct correlation between the chip migration and rampant merchant data breaches is hard to prove. But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches.

Data Breach 67

Data Breach EMV Breach CHIPS 67

PYMNTS

DECEMBER 9, 2016

Breaches may seem like a daily part of life in the information age, but as Intel noted in a recent whitepaper titled “Beyond PCI Compliance: Protecting Consumer Data and Brand Reputation,” the data targeted by cyberthieves and at risk is changing. The health industry, according to the whitepaper, sees churn as high as 5.3

CHIPS 74

CHIPS MSPS Breach Data Breach 74

VISTA InfoSec

OCTOBER 21, 2024

Here are some examples of hardware security measures implemented in PCBs: Hardware encryption: When it comes to PCBs, hardware encryption means integrating specialized chips or modules onto the circuit board. Each TPM chip has a unique RSA key that’s embedded into it during production, which can be used for device authentication.

Cybersecurity 189

Cybersecurity Encryption Fraud Detection CHIPS 189

Payments Source

APRIL 6, 2016

Some retailers falsely think that if they are using EMV chip credit cards that they have eliminated any chance of security breaches at the register since the EMV approach is stronger than conventional credit cards.

EMV 94

EMV Security CHIPS Credit Cards 94

PYMNTS

OCTOBER 3, 2018

NXP Semiconductors in late September introduced its latest NTAG DNA tag chip, providing privacy-enabled, multi-layered security for NFC and IoT authentication applications. What’s more, manufacturers will benefit from providing a secure and personalized mobile user experience.

CHIPS 54

CHIPS Privacy Authentication Data Breach 54

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

CHIPS 41

CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

JUNE 16, 2016

Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. Even with chips, U.S. Home Depot’s 2014 data breach at stores in the U.S. Home Depot pushed hard to activate chip-enabled checkout terminals at all of its stores after the 2014 attack.

Chip Cards 43

Chip Cards CHIPS Visa Security 43

Payments Source

APRIL 27, 2016

EMV chip card protections at the point of sale and a general corporate awareness of card data security are helping lower the number of data compromises worldwide. But fraudsters are moving quickly to bigger targets.

Chip Cards 64

Chip Cards Breach EMV CHIPS 64

Payments Source

APRIL 13, 2016

If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by.

Compliance 63

Compliance Chip Cards Breach EMV 63

PYMNTS

JANUARY 10, 2020

Because of the seriousness of the breach, ICO decided to impose the maximum possible penalty under the previous legislation. Due to the breach, 5.6 In response to the ICO’s finding, Dixons said that there was no evidence fraud had occurred as a result of the breach. It pledged to amp up its cybersecurity investments.

Breach 52

Breach Consumer Compromise CHIPS 52

PYMNTS

NOVEMBER 23, 2017

businesses to act on an alert issued by chip maker Intel regarding security flaws in its computer chips. Security experts said it was unclear how hard it would be for hackers to exploit the security weakness, but they did express concerns about the warning since Intel’s chips are used by multiple companies around the globe. .

CHIPS 42

CHIPS Security Compromise Processors 42

PYMNTS

MAY 20, 2016

Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. The ongoing program we have in place to aggressively test and implement chip-based systems across our network is moving forward,” the company said. “We

Breach 40

Breach Law Enforcement Credit Cards EMV 40

PYMNTS

JULY 31, 2018

mobile phone and electronics retailer, disclosed on Tuesday (July 31) an update on a data breach in which it found unauthorized access in the past to some of its data. What’s more, it said there is no evidence there was any fraud as a result of the data breach. Dixons Carphone, the U.K. Fortunately, 5.8

Data Breach 40

Data Breach Breach CHIPS Cybersecurity 40

PYMNTS

OCTOBER 29, 2018

There may come a day, a generation or two from now, when stories about the data breaches and other hacking threats faced by payments and commerce operators in 2018 seem quaint — or, at the least, like relatively primitive foreshadowing of a new type of digital criminality. mainstreaming of chip implants.

CHIPS 70

CHIPS Data Breach Breach Technology 70

The Paypers

SEPTEMBER 26, 2017

(The Paypers) Deloitte , a popular accountancy company, has been breached, compromising confidential emails and plans of some of its blue-chip clients, according to the Guardian.

Data Breach 34

Data Breach Breach CHIPS Compromise 34

PYMNTS

NOVEMBER 1, 2018

The process involves filling out a short form, taking a selfie and scanning the chip inside their passport using their phone’s NFC reader.”. The problem is Apple does not give developers full access to the NFC chip inside iPhones,” according to that report on Friday. For a couple years, that was all the NFC chip could do.”.

CHIPS 75

CHIPS Payment APIs and Integration Blockchain Data Breach 75

PYMNTS

JUNE 19, 2017

The breach may affect users who paid via credit card at affected Buckle store locations between Oct. All Buckle stores had chip technology installed at the point of sale during the time of the incidents, limiting exposure for customers paying that way. 28, 2016, and April 14, 2017.

Compromise 63

Compromise Credit Cards Card Issuer CHIPS 63

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard. It’s EMV all over again.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

PYMNTS

JUNE 6, 2016

. “We announced the liability shift four-plus years in advance of the date in August 2011, knowing that much of the rest of the world had already invested in chip technology and that there were quite a few suppliers that had chip technology in their terminals and also chip capable card technology available,” she said.”

EMV 43

EMV CHIPS Chip Cards Issuers 43

PYMNTS

DECEMBER 15, 2019

The second attack identified a different breach of access inside the fuel dispenser system. Therefore, the payment cards used at the non-chip fuel pumps were at risk in the POS environment.”. The criminals gained access and then moved laterally inside of the POS environment, although how they got access is not known. “A

CHIPS 63

CHIPS Phishing Credit Cards Credential 63

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. It’s expected that the number of account takeover attacks will also continue to grow.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards FFIEC 56

PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not that EMV would have cured the reason for that breach, but let’s not get bogged down with details at the start of our story.

EMV 82

EMV CHIPS Chip Cards Push-to-Card 82

Clearly Payments

OCTOBER 22, 2024

However, in some regions, like Europe, credit cards use the chip-and-PIN system, where every transaction requires PIN entry instead of a signature. Make sure your payment systems are updated regularly to protect against fraud and potential breaches. For merchants who accept international payments, understanding this system is key.

Debit Card 105

Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

Evolve Payment

NOVEMBER 19, 2024

By completing the process and becoming compliant, you’ll: Be less prone to lawsuits related to data breaches and hacks. Protect yourself from fines and expensive charge-per-record fees after a breach. There are real benefits to becoming compliant apart from saving yourself from non-compliance fees. Keep your customer’s data safe.

PCI DSS 94

PCI DSS Compliance Processors Breach 94

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Worse by far are the massive consumer data breaches that continue flooding the Dark Web with fresh identities for sale – over four billion consumer records were exposed in the first half of 2019 – with no end in sight. That’s one of the happier stories in the turbulent digital identity wars.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

APRIL 15, 2016

The EMV certification process is a confusing one to say the least – with merchants having to decide between a myriad of choices and certification methods to figure out the type(s) of certification(s) needed to actually accept EMV-enabled chip cards and to then face the long lines of other merchants doing the same.

EMV 71

EMV Chip Cards CHIPS Disputes 71

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

EMV 45

EMV Visa Chip Cards VARS 45

PYMNTS

OCTOBER 19, 2016

Some say it has to do with the EMV (chip card) implementation; others say it has to do with consumers’ insecurity about security issues. On top of that, there is the trust issue for the consumer every time a new security breach pops up. No doubt, there’s been pretty strong headwinds as far as overall adoption.

Mobile Payments 79

Mobile Payments EMV Payments Breach 79

PYMNTS

JANUARY 30, 2017

And chip cards keep eating away at counterfeit fraud — news that might be somewhat more joy-inducing were it not also the case that data breaches hit their all-time high in 2016 as well. Counterfeit fraud has dropped by 52 percent at merchants that are using chip-enabled cards. data breaches hit an all-time high in 2016.

Chip Cards 43

Chip Cards CHIPS Data Breach Breach 43