Bitcoin is an online decentralised virtual currency based on an open source, P2P protocol. Bitcoins can be transferred using a computer without relying on a financial institution.
If you haven’t heard about Bitcoin:
The increase of ecommerce worldwide has led to an increase in online card fraud and cybercrime is becoming ever more sophisticated. In the UK alone in 2012 the value of online sales was £78 billion and this is forecasted to rise by 11.5% in 2013. This has made the implementation of industry leading fraud prevention more important than ever. I believe however that fraud prevention can do so much more than just prevent fraud. With intelligent fraud prevention technology it can enhance the customer experience, increase sales and ultimately improve upon the bottom line for all online retailers. Continue reading
I wonder how many merchants have read the 210 pages in the updated version of the PCI P2PE Solution Requirements document published recently? Not many, I suspect. For those merchants who have reviewed the document, they would probably get the impression that payment data that leaves their POS terminals is encrypted and goes straight to the acquirer for decryption. In doing so, that part of the merchant’s payment infrastructure is removed from PCI DSS scope and the merchant will save time and money year-on-year for its PCI DSS audit compliance. If only things were so simple. Continue reading
In 2012, we have seen an increasing number of sophisticated attacks made on a range of organisations in an attempt to capture consumer information. In 2013 we should not only expect such attacks to escalate in terms of frequency and significance, but for traditional defence technologies to provide little resistance.
Against this background, the solution lies in preventing the hackers from being able to use or take advantage of such stolen data. That way, increasingly deadly techniques that we have seen grow into successful global problems in the last year, can be prevented. Continue reading
The first Money 2020 event was held recently in Las Vegas and was a resounding success. If you wanted to know what is happening in payments and what the future could bring then this was the place to be.
It was extremely well organised with five session tracks and a wealth of top speakers and presentations together with panel discussions and debates. Not only were the biggest payments companies speaking at the event, traditional and non-traditional, but the conference also covered every aspect of payments including new players and solutions. One of the questions that a panellist raised was whether the solutions we see today will be the same ones in three years time. Certainly, there is no doubt that things are moving fast in todays payments industry but who the winners will be is still undecided. It appears that most are spreading their research, interest and investment across several options so that they are prepared when the eventual victors emerge – writes PCM’s Wendy Sanders, on site in Las Vegas. Continue reading