Card fraud

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/Card fraud

Police make second arrest in TalkTalk hacking case

A second teenager has been arrested in connection with the investigation into the hack on mobile operator TalkTalk, which put millions of customers' banking details at risk.

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Tsys and Ingenico team on semi-integrated EMV offering

Tsys (TSS), a leading global payments provider, and Ingenico Group (Euronext: FR0000125346-ING), a global leader in seamless payments, today announced a new semi-integrated solution to simplify the EMV certification process.

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Researchers reveal chip and PIN hack

Forensic researchers from France have called a scam that saw thieves embed two chips in a payment card to carry out a man-in-the-middle attack "the most sophisticated smart card fraud encountered to date".

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MasterCard brings Safety Net hacker-fighting tool to Europe

MasterCard has brought its Safety Net technology, which taps into the card giant's global network to help protect banks and payment processors from hackers, to Europe.

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America's Thrift Stores reports card data breach

Charity shop chain America's Thrift Stores has become the latest hacking victim after crooks planted malware at a third-party service provider and stole payment card numbers.

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Trump hotels confirms data breach

Donald Trump's luxury hotel chain has confirmed that malware may have compromised customer credit and debit card data.

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US gears up for EMV switch deadline

Despite the fact that the majority of Americans still do not have EMV payment cards ahead of tomorrow's deadline for a switch from magstripe, an industry taskforce insists that the migration is "on track".

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Retailers lose 94% more revenue to fraud than 2014- LexisNexis

The LexisNexis True Cost of FraudSM study reveals merchants are overwhelmed by increasing revenue losses to fraud.

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Feedzai partners with Socure to offer fraud prevention

Feedzai, a data science company that uses real-time, machine-based learning to analyze big data and minimize risk in the financial services industry, today announced a partnership with Socure, the industry leader in real-time online identity verification solutions.

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Verifi appoints Manav Gupta VP, issuer products

Verifi, Inc., the leading provider of payment and risk management solutions for card-not-present merchants, today announced the appointment of payment industry and product management veteran, Manav Gupta as Vice President, Issuer Products.

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Luxembourg’s banks choose Worldline’s ACS platform for 3D-Secure

Worldline, European market leader in payment and transactional services, has been selected by the Luxembourg banking community to provide its Access Control Server solution for 3D-Secure, in cooperation with LuxTrust, a Luxembourg-based certification authority.

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Target and Visa reach data breach settlement

Visa has reportedly reached a settlement of up to $67 million with Target to reimburse member banks for expenses accrued following the massive 2013 data breach at the US retail chain.

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Dramatic increase in current account fraud - Experian

Experian's fraud analysis reveals that there has been a huge surge in large-scale targeted fraud attacks in Q2 2015.

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IMM and Advanced Fraud Solutions expand partnership

IMM, a pioneer of integrated eSignature, workflow, and document solutions for the modern business enterprise, and Advanced Fraud Solutions (AFS), a CUSO formed in 2007 to combat financial fraud, have expanded their existing partnership.

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Just one in ten Americans have received chip cards - poll

America's migration from mag-stripe to EMV is failing to pick up momentum, with just one in 10 people receiving new chip-enabled cards, according to a new poll.

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Computop and ACI Worldwide to offer ecommerce merchants fraud prevention

Computop, a leading global payment service provider (PSP) has signed an agreement with global payments specialist ACI Worldwide to provide merchants an integrated online payments and fraud prevention solution powered by ACI’s ReD Shield, a premier card-not-present (CNP) fraud detection and prevention solution for eCommerce merchants.

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Pocket Systems launches online fraud prevention device

Pocket Systems today launched PocketKey, a new system designed to permanently end the problem of e-commerce credit card theft for consumers, merchants and banks. 85% of Americans in wealthier households now consider card theft from a merchant as their biggest crime risk and 27% of Americans have experienced the anxiety and hassle of card theft in the past year.

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MasterCard opens UK digital security lab to the public

MasterCard today opened its digital security facility to its customers, driving further collaboration on key issues that can deliver greater payments peace of mind.

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Card fraud rises across Europe - ECB

The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.

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NXT-ID files patent for personalised token payments

NXT-ID, a biometric authentication company focused on the growing mobile commerce market and creator of the Wocket® smart wallet, announces that it has filed provisional patent 62/192218 for Personalized Tokenization System and Method.