Increasingly Cashless in an Age of “Big Hacks”

We never want our posts to be about hacks or data breaches two or more weeks running. But as most of us find out, when checking the climate-shifted weather…

Scam Alert Warning, Pt. I: Phony EMV “Invoices” and All-Too-Real Skimmers

Unfortunately, both this week and next, we have a couple of scams affecting merchants to warn you about, either trying to pry money out of merchants directly…

PCI Sets New Security Standards – Gets Surprising Pushback

As the Finextra website reminds us, “merchants and other businesses globally use ‘PA-DSS Validated’ software to ensure they can safely accept payments, both in-store and online.”

Senator Sets Sights on Slow EMV Rollout

We’ve reported here not only on the coming of EMV standards to American debit and credit cards — those “extra” chips that create unique codes for each sale…

Email Breaches, the Connection to Same-Day ACH and a little “PCI”

Unfortunately, we have more “breaching” to report this week: As Reuters reports, “hundreds of millions of hacked user names and passwords for email accounts…

Here Are EMV Quick Chips

There have been various impediments to the adoption of an EMV standard here in America — that extra chip on a credit or debit card that assigns every transaction a unique code, preventing the re-use of information…

The SF Fed on Fintech: Payments, Banking, to Keep Evolving

“While fintech can also improve not just the accessibility but the quality of service—something that consumers are demanding—we also need to look out for the…

The Security vs. Freedom Debate: Payment Card Style!

“Those who sacrifice liberty for security deserve neither,” Ben Franklin once famously remarked. The question is whether the famously frugal Mr. Franklin would be happy knowing that most customers today…

Ides of March: Ransomware Updates, and Welcome to “Fintech”

There’s no question we live in a time of constant change: rising seas, fraying politics, wired-up networks changing economies and business models almost as fast as they can be reported on.