Macy's notifies customers about credit card data breach

A small number of Macy's.com and Bloomingdales.com customer data was breached between late April and mid June. Customers were informed of the data breach via a letter, according to USA Today. The retailer did not specify how many customers were...

Kount to review fraud survey results in exclusive webinar

Kount's Fraud Prevention Industry Benchmarks survey was launched to assess how those involved in card-not-present fraud prevention rank when it comes to chargebacks, manual reviews, and false positives. Results from the survey unearth insights from industry peers about performance related...

Study: UK adults seek innovative, digital payment experiences from their banks

Online security and fraud prevention are top of mind with U.K. adults when it comes to bank services with 60 percent of them wanting 'peace of mind' when using cards online, according to a survey from YouGov and Ondot. The...

IBM studies data breach impact

IBM Security has released a global study examining the full financial impact of a data breach on a company's bottom line. The study found that hidden costs in data breaches — e.g., lost business, negative impact on reputation and employee...

Bluefin, NCR expand POS payment security

Bluefin and NCR are working together to improve NCR's clients' experience by providing Bluefin's PCI-validated point-to-point encryption security product to merchants and retailers using NCR's Counterpoint Retail product to process payments through NCR Secure Pay. The companies said in a...

Nuggets teams up with QFPay in China

Nuggets, a blockchain e-commerce payments and ID platform, has entered into a partnership with QFPay, one of the largest Chinese mobile payment product providers and which is used by Asian e-commerce giants Alipay and WeChat Pay, according to a press...

PayPal rolls on with another acquisition, this time for Simility

PayPal is acquiring Simility, a fraud prevention and risk management platform, for a purchase price of $120 million in cash, subject to certain adjustments. PayPal said the acquisition will enhance its ability to deliver fraud prevention and risk management solutions...

Smart bike sharing company enables Fortumo's messaging platform

China-based Mobike, which describes itself as a smart bike sharing company, announced it is now using Fortumo's messaging platform to authenticate users and share service-related messages through SMS in more than 15 countries, according to a press release. Mobike said...

Retailers, payments companies join forces on new security-focused trade group

Retail and payments industry stakeholders have formed a new association, the Secure Payments Partnership, to promote security across the payments system. According to a press release, SPP marks the first time that interests representing diverse parts of the payments system...

Study: Consumers balk at emerging payment options over security concerns

Consumer concerns about data security and privacy are hampering the move to emerging payments, according to Lost in Transaction: Payment Trends 2018, a report from Paysafe, a provider of payment products. Of more than 5,000 consumers polled for the study:...

Kount, Mobile Payments Today seek input from online retailers for fraud survey

The growth of mobile and online commerce has led to an increase in card-not-present (CNP) fraud. CNP fraud mitigation techniques often include strategies to decrease chargebacks, reduce false positives, minimize manual reviews and more. As such, Kount and Mobile Payments...

Ingenico achieves Google Mobile Services certification for Axium D7 POS terminal

Ingenico Group has announced that its Axium D7 ECR-POS has achieved Google Mobile Services certification, making it the world's first secure POS terminal to meet GMS requirements and properly run applications by Google. Ingenico said the certification demonstrates that a...

Ondot-powered mobile apps reach milestone

Ondot Systems has reached the milestone of 3,000 financial institutions worldwide that now offer payment card controls via Ondot-powered mobile apps. The Ondot app sits within the client FI's own mobile app, providing a single sign-on and a consistent user...

Mitek acquires A2iA to bolster digital identity verification services

Mitek Systems Inc., a provider of digital identity verification products, has acquired A2iA SAS, which specializes in artificial intelligence and image analysis, for €42.5 million (US$49.7 million) in cash and shares of Mitek's common stock. "With the addition of A2iA's...

Nuggets testing blockchain-based e-commerce mobile app

Nuggets, an e-commerce payments and ID platform, has opened up its mobile app Alpha to iOS users. Nuggets uses blockchain technology to enable consumers to make e-commerce payments, log in to services, and verify their identities without having to share...

Facebook joins FIDO Alliance board of directors

The FIDO Alliance announced Facebook has been appointed to its board of directors, according to a press release. With this appointment, Facebook joins other leading global technology, financial services and e-commerce board members in driving the alliance's strategic vision to...

Rambus intros account tokenization for real-time payments

Rambus Inc. has announced the launch of its Payment Account Tokenization product to secure account-based transactions, such as automated clearing house and real-time payments, according to a press release. Rambus said the product will enable central banks and clearing houses...

GlobalPlatform extends security APIs to support developers authenticating users in-app

GlobalPlatform, the standard for secure digital services and devices, has extended the functionality of its Trusted User Interface APIs for service providers and application developers, according to a press release. The move helps give service providers and application developers a...

Clearent launches Cloud EMV product with Quick Chip tech

Clearent has announced the launch of Cloud EMV, its cloud-based integrated payments product, according to a press release. The St. Louis-based company said it launched Cloud EMV following successful integrations conducted by several of its independent software vendor partners.

Retail tech provider Stuzo achieves PCI DSS Level 1 compliance

Stuzo, a provider of personalized and predictive commerce products for retailers, has completed PCI DSS Level 1 compliance certification, according to a press release. "As a leading provider digital commerce solutions for retailers, it is imperative our company, our open...

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