A pair of mid-summer surveys come our way, showing that Americans really like using the plastic in their wallets, but are still learning all the ins-and-outs of what it means to have both credit, and a credit score.
Tag: credit card news
Old Hacks, New Payments
It’s a long, fascinating moment of transition in the world of payments — and for payments around the world. That changing landscape includes virtual wallets, growing P2P payments, and ways to make existing platforms more secure — as with the EMV standards coming to American payment cards this fall.
Shocker: Nearly 80% of Businesses Fail Interim PCI Compliance
Recently, Verizon issued a report on Payment Card Industry Data Security Standards — PCI DSS for short. The results were pretty bracing. As Computer Weekly summarizes “nearly 80% of businesses fail their interim PCI compliance assessment, leaving them vulnerable to cyber attacks, according to Verizon’s 2015 PCI Compliance Report “
Breaches Old and New: Target Settles, More Blue Cross Leaks; New Security Measures
Data breaches, their discontents and fallout, have filled the news this week. You’ll remember, of course, when the Target customer data breach in 2013 finally catapulted questions about customer security in the digital age onto the front page. Now comes word that Target has, at last, reached a settlement in that case. As tech website Gizmodo reports, “following lengthy discussions with the lawyers of those affected by the hack, the retailer has agreed to pay up a $10 million settlement.”
The October Country: EMV Draws Near; Are You Ready?
The October Country: EMV Draws Near; Are You Ready? While time does continue to zip along, we’re not always busy…
A “Freak” Attack That May Not Be So Rare; MasterCard Touts Mobile
In the ever-evolving world of payments, it would seem to always be the best of times and, well, not the worst of times, certainly, but let us say the most aware of times, in terms of needing to stay alert to the security challenges in a rapidly changing electronic environment.
On the Menu: More Security
Recently, the National Restaurant Association co-hosted a chat via its Twitterfeed, dealing with issues of payment security. This is of particular concern to NRA members, since many of the most headline-grabbing hacks have come at eateries, like PF Chang’s, Dairy Queen, and other food establishments.
Samsung Moves Into Payments; “Hackers Never Sleep”
The news and changes in payments keep moving along at a clip — well, at a clip almost as fast as the digits who are changing the ways those payments are made. On the very day of this post, Samsung has announced the purchase of LoopPay, a start-up in the world of mobile and NFC — near field communications — payments. As the Wall Street Journal summarizes, “the deal to buy LoopPay Inc. of Burlington, Mass.
Follow Up: Data Leaks and New Government Agencies
As noted in our previous newsletter, no sooner had we posted on our blog last week about the ease with which ID theft can be perpetrated, than news broke of another massive data breach, this one affecting upwards of 80 million or so Anthem Blue Cross customers.
