Daily News

18 May 16 @ 14:02

A Russian-speaking Skimer group forces ATMs to assist them in stealing users money. Discovered in 2009, Skimer was the first malicious program to target ATMs. Seven years later, cyber criminals... read more

18 May 16 @ 12:47

The fraudsters’ calculation is simple: where there’s a great deal of revenue to be earned, there’s a great deal of fraud to be committed. And where there’s even more revenue... read more

18 May 16 @ 12:33

By 2020, more than 50% of all UK retail sales could be ecommerce and contactless, growing by more than 2.5 times from 18% currently. At least 30% of these will... read more

17 May 16 @ 13:15

The European Central Bank will set up a database to register incidents of cyber attack and cyber crime at commercial banks, aiming to create an early warning and analysis system... read more

17 May 16 @ 13:11

VocaLink, the British operator of the Faster Payments service, has announced a five-year deal with UnionPay International to enable UnionPay cardholders to access ATMs across Europe and the UK. Under... read more

17 May 16 @ 13:01

Sen. Dick Durbin has blasted the card network-dominated group that sets the standards for EMV cards, accusing it of mishandling the rollout of more secure credit and debit cards, lacking transparency and... read more

16 May 16 @ 15:22

A Swift cyber-attack, similar to one that saw $81m (£56m) stolen from Bangladesh’s central bank, has reportedly hit a second bank. The warning about the second attack came from Swift,... read more

16 May 16 @ 14:52

The initial findings of a European Commission e-commerce sector inquiry found that geo-blocking is widespread throughout the EU. Online retailers of consumer goods, such as clothes, shoes and consumer electronics,... read more

16 May 16 @ 14:48

Credit cards dominated the payment cards market in Hong Kong in terms of both volume and value during the period 2010-2014. This trend is set to continue. According to a... read more

12 May 16 @ 14:32

The US Federal Trade Commission (FTC) is flexing its muscles regarding data security. In early March 2016 the agency issued orders to nine companies that conduct payment card industry data... read more

12 May 16 @ 14:25

Global general purpose cards generated 227.08 billion purchase transactions at merchant locations in 2015, an increase of 16.1% on 2014 figures, according to the Nilson Report. Purchase transactions included consumer... read more

11 May 16 @ 17:12

Contactless payments in Europe passed a major milestone as Visa Europe announced 3 billion contactless transactions were made in the last 12 months – nearly tripling that of the same period... read more