Credit Card

Credit Card Signing No Longer Required

The four major credit card companies including American Express, Discover, Mastercard, and Visa will not longer require their customers to sign credit card purchases. Linda Kirkpatrick, an executive vice president with Mastercard said, “In our digital, fast-paced marketplace, consumers appreciate any opportunity to save time. This is why Mastercard led the charge to officially ‘retire’ …

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A Hacker's Almanac

  It has been nearly one year since the infamous Target breach that took place at the height of the 2013 holiday shopping season, resulting in the digital theft of 70 million consumer credit cards. And what a year it has been for consumers. In 2014 the disturbing trend of point of sale (POS) breaches …

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Purloined Vendor Credentials Lead To Jimmy John's Point Of Sale Fail

News has arrived of another point of sale (POS) security infiltration; one similar to those which compromised Target, Neiman Marcus, UPS, Michaels Stores, Walmart and SuperValu. We found details of the malware attack in a recent post on the personal finance website PFHub.com, “Malware Installed on Jimmy John’s POS System: Data Breach,” which states that …

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MasterCard Mandates Contactless Payments At Point Of Sale

The payment card giant MasterCard is throwing its full weight behind near-field communications (NFC) payment systems, also known as contactless payment technology. NFC technology allows for contactless payments to be made using radio waves to transmit data between devices that support the technology, provided they are in close proximity at the point of sale. A …

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Amazon Gets Physical

The nation’s business press is taking note of Amazon’s efforts to create tools and services for traditional brick-and-mortar retailers. “The recent launch of Amazon’s in-store credit card reader and checkout software was one of Jeff Bezos’s most deliberate acts to date to grab a slice of the 85 percent to 90 percent of total purchases that still happen in the physical …

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