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. When used, these devices will collect payment details without the merchant’s knowledge, compromising customer data security.

PCI DSS

Payments Source

AUGUST 23, 2017

Contactless payments today seem to address the slowness of EMV contact without compromising security. And unbeknownst to many, it uses the same security protocol, writes Andrey Tikhonov, senior director of payment technology for Infinite Peripherals.

Contactless Payments

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. What Types of EMV Chip Cards Are There?

Chip Cards

FICO

JUNE 11, 2020

With an October 1, 2020 deadline to have EMV chip card readers installed on the nation’s 1 million fuel dispensing pumps, the number that remain to be converted could be as high as 75%, industry experts say. As a result, Falcon can proactively increase fraud detection while simultaneously decreasing the false-positive rate. .

EMV

Payments Source

MAY 13, 2020

Even before the coronavirus outbreak, cybercriminals were shifting their attention away from point-of-sale terminals — but the retail industry still absorbs the most attacks seeking to compromise databases or networks.

EMV

Fintech Finance

APRIL 30, 2024

Fime has advanced its collaboration with imark to provide local EMV®* Level 3 test services in Nepal. By working with a trusted partner like Fime, we can now provide the financial ecosystem with access to state-of-the-art test tools and consultancy that enfranchises innovation without compromising on security.”

EMV

PYMNTS

MARCH 29, 2016

The Ripple effect of EMV. As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks. As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks.

EMV

FICO

MARCH 29, 2017

In fact, it’s doubly bad: The number of payment cards compromised at U.S. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. Here’s some more details: About 60% of the compromises were at non-bank ATMs, such as those in convenience stores. ATMs and merchants monitored rose 70 percent in 2016.

ATM

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

PYMNTS

AUGUST 15, 2018

15) that it delivered on its pledge to make EMV transactions faster in the U.S. Taking an EMV payment in as little as two seconds helps speed up the line for our sellers, gives time back to their customers and reduces in-store fraud in the U.S. Square, the digital payments company, announced on Wednesday (Aug.

EMV

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Debit-card compromises at ATMs located on bank property in U.S.

ATM

PYMNTS

NOVEMBER 1, 2016

The brand also confirmed that some credit and debit cards may have been compromised beginning on July 29, though it does not believe all card transactions were effected. Simple card skimmers do not work on EMV chip cards, but as of yet, it is unknown what type of skimming devices were used.

Law Enforcement

PYMNTS

DECEMBER 21, 2016

s part to believe their systems had been compromised. But more remarkable than the fact that Yahoo actually managed to compromise the data of 21 percent of the planet is the fact that this information barely registered with the vast majority of people. But EMV had not exactly been a front-burner issue in U.S. What came next?

Breach

PYMNTS

NOVEMBER 8, 2018

The solution aims to augment existing anti-card fraud measures provided by the shift to EMV chip technology, using Dynamic CVV2 to display a different CVV code than the static one printed on the back of a commercial card when purchases are made online. “Almost all U.S. ” .

Commercial Card

PYMNTS

NOVEMBER 1, 2016

Earlier this month, The Wall Street Journal reported that, since the introduction of EMV in the U.S., Credit score firm FICO said that 2015 went down as the highest-ever tally of compromised machines, although it should be noted that FICO did not disclose actual numbers.

ATM

PYMNTS

AUGUST 9, 2017

Today, the most encrypted way to transact is by Europay, Mastercard and Visa (EMV) chip cards. Any credit card with a chip is capable of tap-to-pay transactions in an EMV-enabled POS setting, but, more often than not (at least in the U.S.), It’s as encrypted as an EMV chip card, yet can be processed in under two seconds.

Consumer

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV

PYMNTS

APRIL 3, 2018

To simplify its path to EMV card acceptance, and to reduce PCI compliance scope, Kentucky Fried Chicken (KFC) has migrated its payments system in the U.S. Upgrading our payment terminals wasn’t just about migrating to EMV,” said Chris Caldwell, KFC U.S. to Ingenico Group ’s Telium Semi-Integrated solution. chief information officer.

Payment Solutions

The Payments Association

MAY 20, 2025

Designed as an out-of-the-box solution for businesses of all sizes, this all-in-one payment acceptance system accepts every preferred payment methodfrom physical cards to wearables and digital walletswhile providing security without compromise.

PCI DSS

PYMNTS

SEPTEMBER 26, 2016

A common thread to many of these attacks is compromised or hijacked credentials that allow an attacker to pose as a legitimate entity.”. EMV payments have made it more difficult for criminals to steal using fake credit cards or by hacking into payment terminals software.

Online and Mobile Banking

PYMNTS

MARCH 30, 2016

In a press release yesterday (March 29), EMVCo — which is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa — announced that it has updated the EMV Payment Tokenization Specification – Technical Framework with the addition of a “Payment Account Reference” (PAR).

EMV

Payments Source

JANUARY 25, 2018

There are a number of tactics and solutions organizations can employ to shut down the favored methods of fraudsters, including the use of bots and device compromise, writes Michael Lynch, chief strategy officer at InAuth.

Breach

PYMNTS

FEBRUARY 23, 2016

Last year, starting in about August, the big EMV countdown was underway — though the question as to whether they were going to “make it” was already answered. 1, around half of “big retailers” had EMV while smaller retailers were clocking in at 10 percent to 33 percent, depending on whose count one liked. They weren’t.

EMV

PYMNTS

OCTOBER 19, 2016

But the rise of online commerce and the years of online data breaches that have become an almost daily occurrence mean there is a massive amount of compromised payment and account data that fraudsters can use to perpetrate their activities on an even larger scale. How Times — And Priorities — Have Changed.

Fraud Prevention

Fintech Finance

MAY 13, 2025

Designed as a truly out-of-the-box solution for businesses of all sizes, this all-in-one payment acceptance system accepts every preferred payment method—from physical cards to wearables and digital wallets—while providing security without compromise.

PCI DSS

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. properties were compromised by a malware attack. Old Tools, New Tricks . Are Hotels Are A Hacker’s Paradise?

Account Takeovers

Stax

MARCH 4, 2024

The significance of EMV cards EMV cards use a microchip that generates a code for each transaction, which is transmitted instead of the card number as the transaction processes. The role EMV cards play in preventing counterfeit cards and reducing fraud cannot be overstated.

PCI DSS

PYMNTS

JUNE 3, 2020

With the rise of FinTechs in Europe and the rest of the world, and with EMV, there’s a shift away from counterfeit fraud and mag stripes, toward CNP [card-not-present] and eCommerce fraud,” Tharle said. Authorized fraud also encompasses business email compromise (BEC) scams, too, said Tharle.

Business Email Compromise

PYMNTS

AUGUST 1, 2017

EMVCo, the global technical body that manages EMV specifications, announced Monday (July 31) it has released two QR code payment specifications supporting merchant-presented QR code and consumer-presented QR code use cases.

EMV

PYMNTS

JANUARY 20, 2017

The attack, Forbes reported, employs fairly sophisticated automation to swiftly take over newly-compromised accounts as soon as a victim submits his or her password. After gaining access to a compromised account, the criminals begin gathering information in order to launch secondary attacks across the victim’s network.

Phishing

PYMNTS

JANUARY 20, 2020

In the near term, Fabara told Webster, he believes the global market will see a much wider adoption of 3D Secure standards and the updated EMV standards online, which will provide a greater measure of protection for digital commerce without compromising the user experience. As Fabara told Webster, it’s a “when,” not an “if.”.

Risk

FICO

AUGUST 2, 2018

EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. The increase in third-party fraud, also known as identity theft, is primarily driven by cyber breach events that compromise personally identifiable information (PII).

Identity Theft

PYMNTS

OCTOBER 24, 2016

News earlier this month that compromises at ATMs (read: fraud) were at the highest levels in 2015 than had been seen in years (according to FICO) brings back some concerns over how strong security is, or isn’t, at the point of cash dispensing. .” You don’t really have to worry about those anymore.

ATM

PYMNTS

JUNE 3, 2016

To adapt, let alone thrive, businesses with store locations must embrace EMV, the latest in payments security and authentication, especially considering the retailers themselves have taken on more responsibility for fraud after 2015’s liability shift. And for those kinds of businesses, EMV is a crucial tool.

EMV

Clearly Payments

MARCH 22, 2024

This means that even if a transaction is compromised, the actual card details remain secure. Tokenization adds another layer of security by replacing sensitive information, such as credit card numbers, with a unique token that is useless if intercepted.

Contactless Payments

PYMNTS

JULY 27, 2016

According to ValuePenguin, it’s likely that credit card fraud will continue to migrate online as EMV chip cards have made it harder for card-present fraud to work. West Virginia, Iowa, Idaho and Kentucky rounded out the top five states with the least amount of reported credit card fraud.

Credit Cards

PYMNTS

APRIL 12, 2017

The trouble is, the global implementation of EMV authentication has led to a major uptick in instances of card-not-present (CNP) fraud in the eCommerce space. In simple terms, XOR gathers data on the information compromised in major breaches, Bonin said.

Account Takeovers