Less credit card fraud reported on Black Friday, Cyber Monday

Not only were sales robust across the retail spectrum this past Black Friday-Cyber Monday timeframe, but the incidents of online retail credit card fraud took a dip — a drop of 29 percent, according to data from iovation. The drop...

Amazon's Whole Foods suffers credit card breach

As consumers still grapple with a massive Equifax data breach, reports indicate Whole Foods' shoppers are likely facing a similar issue. Amazon's Whole Foods Market reported last week that payment card data has been taken from venues within some stores,...

Study: Consumers OK with IoT payments, but want control over purchase

Nearly half of consumers in the U.S. polled for a Worldpay survey said they would feel comfortable with a connected device, such as a refrigerator, ordering items on their behalf, according to a press release from the company about the...

Study: Consumers not keen on facial ID for payments

A Juniper Research survey reveals more than 40 percent of iOS users in the U.S. consider themselves unlikely to use facial recognition as a payment security technology. Contactless payment users consider fingerprint sensors and voice recognition more appealing authentication methods,...

Retail cybercrime may spike due to Equifax hack

Consumers and retailers are likely to be dealing with the aftermath of the major hack at credit reporting firm Equifax. The hackers took data that can be used to hack shopper profiles on retail sites, according to a New York...

Many retailers getting hit by cyberattacks twice a week

Cyber attacks on retailers are averaging twice a week, with 16 percent of retailers reporting an attack or attempted attack every day. The data from Zynstra, an IT software provider, reveals 11 percent of retailers are seeing an attack incident...

Study: Most mobile app users hesitant to give info when signing up

Mobile app users are concerned about the security of their information when they register for a new app, according to a new survey conducted by B2B research firm Clutch. Nearly 90 percent of respondents said security of personal information shared...

Study: Retailers set to lose $71B in CNP fraud in next 5 years

New Juniper Research data reveals retailers stand to lose $71 billion globally from fraudulent card-not-present transactions over the next five years, according to a press release. The research found that a number of factors, such as the U.S. shift to...

Millennials likely to bail on banks, card companies in case of false declines

Iovation, a provider of device-based consumer authentication and fraud prevention solutions, has released findings from its study of the effects of false declines on the consumer. The survey, conducted in partnership with research and advisory firm Aite Group, polled nearly...

The future of data — rounded to the next zettabyte

A new study forecasts that the amount of data worldwide will rise tenfold within the next eight years. The IDC white paper, Data Age 2025, sponsored by Seagate, predicts that data will balloon to a total of 163 zettabytes (yes,...

NAC knocks new FICO findings on card compromise at nonbank ATMs

The National ATM Council Inc. is questioning — for the second year in a row — FICO statistics concerning card compromises at retail ATMs in the United States.  FICO, a data analytics and credit-scoring company, announced in March that 60 percent of card compromises occurring in 2016 involved nonbank ATMs.

Study: Consumers believe mobile wallet data is secure

Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to a new joint study from ACI Worldwide...

Yahoo alerts customers to breach involving 1B user accounts

Data breach numbers just keep getting bigger and more breathtaking. Yahoo Inc. this week announced it has identified data security "issues" affecting more than one billion — yes, that's billion with a B — user accounts. This intrusion is separate from one announced in September.

Security vulnerabilities, potential hack attacks demand greater attention

Hackers have more opportunity to infiltrate retailer networks, according to a SecurityScorecard report, and that means retailers need to shore up security precautions. In fact no retailers, big or small, is immune from security threats, notes the vendor's cybersecurity report...

Zuznow releases new tools simplifying web, app design

Zuznow, a mobile development platform, is debuting an ehanced enterprise mobility development platform featuring no-code “point-and-click” options, which let users build mobile apps in a quicker and easier fashion. The technology is designed for non-developers to customize the automatic mobile...

Retailers to FTC: PCI DSS part of an 'anticompetitive scheme'

In the ongoing saga that is the National Retail Federation vs. the major credit card networks, NRF has asked the Federal Trade Commission to investigate the Payment Card Industry Security Standards Council for possible antitrust violations. PCI SSC is the...

Outdoor gear retailer deploys tougher encryption for card transactions

Cabela's is shoring up credit and charge card transaction security with a new Point-to-Point Encryption solution from Ingenico Group. The technology, which is being deployed to all Cabela's locations in the U.S.

Perry Ellis taps Oracle tools for new payment options, security and better customer interaction

Fashion icon Perry Ellis is using a new retail point of service and inventory management tools to provide secure payment transaction and improved customer interaction at the register.

Mobille app, wallet security top of mind for retailers

When it comes to mobile app and mobile wallet payment solutions nearly three quarters of retailers are most concerned with security features, reveals a new survey.

FreshBooks prepping mobile card payment device for SMBs

FreshBooks Card Reader will offer small business owners an easy way to get paid faster.

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