Chip and PIN 'not fit for purpose', says Cambridge researcher
Wikinews ... said that there was no evidence the attack was in use and emphasized that card fraud had fallen with the introduction of chip and PIN.
Biz Break: Microsoft vs. Google vs. Apple: phone OS on Monday, maps today
Today: Microsoft is expected to introduce its new mobile operating system next week. Google rolls out new maps features, a day after Bing Maps enhancements by Microsoft. Read article »
Google Sees Facebook, Amazon, Kayak As Competitors
Wall Street Journal The Internet search giant on Friday filed its 2009 annual report, which for the first time named social networks like Facebook Inc., e-commerce sites like ...
Discover to Pay $775 Million to Morgan Stanley
Wall Street Journal But Riverwoods, Ill., Discover contended that Morgan Stanley had breached the spinoff agreement by meddling in the Visa-MasterCard settlement. ...
Mobile operators unite on global apps platform
The world’s largest mobile operators have joined forces to launch an open international applications platform, marking the largest unified move to date by the operator community into the mobile apps space. The so-called ‘Wholesale Applications Community’ will combine 24 of the world’s largest mobile carriers, including America Movil, AT&T, Bharti Airtel, China Unicom, Deutsche Telekom, KT, mobilkom Austria, MTN Group, NTT Docomo, Orange, Orascom Telecom, Telecom Italia, Telefonica, Telenor, TeliaSonera, SingTel, SK Telecom, Sprint, VimpelCom and WIND. The four operators in the Joint Innovation Lab (JIL) mobile apps initiative – Vodafone, China Mobile, SoftBank and Verizon Wireless – are also included. The group serves a combined 3 billion mobile customers across the globe. Industry association the GSMA has backed the move. Read More
CEO Series: Jack Dorsey Reveals What's Next with Square
Will Square spell the death of cash? In an exclusive interview, Twitter-vet Jack Dorsey gives PYMNTS.com the skinny on Square. Dorsey answers security concerns and explains how Square has redesigned payments. Listen to the NEXTcast interview
SEO Series: Twitter Vet Jack Dorsey on Why Square is What's Next
When buzz began bubbling up around Square about a month ago, the industry took notice. Many charged that was due mainly in part because the driving force behind Square was the co-founder of Twitter, Jack Dorsey. Many industry insiders, like MagTek CEO Mimi Hart, raised security concerns around where the consumer's data was encrypted. There have been a number of devices to hit the market recently. Most notably was VeriFone's PAYware Mobile iPhone payments device. In a recent video interview with Tech Crunch, Dorsey was asked for his reaction to VeriFone's announcement as seen on PYMNTS.com. In the announcement, VeriFone CEO Douglas G. Bergeron said, "Banks and processors are concerned about the security issues of unapproved merchants using unregulated software and insecure fobs to accept card payments." When asked if he thought Bergeron was taking a swipe at Square, Dorsey took the high road and explained that Square would be going through the same PCI compliance measures as VeriFone or any other device would. Whenever Dorsey has demoed the device, he has made it clear that the device is just a small component of what Square is about. He has said that he and his Square-mates are interested in redesigning the payments experience. PYMNTS.com asked "Paying with Plastic" author and industry expert David S. Evans to speak with Dorsey about why Square is "what's next" in payments.
ICEMAN GETS 13 YEARS FOR MASSIVE CARD DATA THEFT
A Californian hacker known by the Internet alias 'Iceman' has been sentenced to 13 years in jail for stealing nearly two million credit card numbers. More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=21086
2010 Identity Fraud Study: Threats and Trends
BankInfoSecurity.com For insight on the study results and what they mean to organizations across industry, James VAN DYKE of Javelin discusses: What organiztions and ...
Mobile Commerce: Experts Offer Strategy for Smaller Merchants
Practical Ecommerce Mobile commerce is a small fraction of this total. But as mobile usage becomes mainstream, and as a variety of devices expand the mobile web,
NOKIA PARTNERS INDIA'S YES BANK ON MOBILE FINANCE PILOT
The world's biggest handset manufacturer Nokia is teaming up with India's Yes Bank on a commercial mobile financial services pilot in Pune. More on this story: http://www.finextra.com/news/fullstory.aspx?newsitemid=21089
Global banking and payments tech provider opens Manila service center
Manila Bulletin ... nine million loyalty accounts, 125 million debit cards, 301500 ATMs and nearly two million POS locations through its NYCE EFT/PIN-debit network. ...
Online Banking Report Publishes New Issue “Online & Mobile Banking Forecast ...
Earthtimes (press release) Lastly the report lists the top 25 innovations of the decade topped by the invention of simple online payments by PayPal ten years ago and the advent of
TSYS Aims to Tap Growing Debit Trend with Its New Hybrid Card
Digital Transactions Verient Inc., a startup company with technology to secure online PIN-debit transactions, also is recruiting card issuers to use its platform for letting
