http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Card-Markets/index.php Payments Cards and Mobile authoritative editorial coverage and broadly-based circulation to all the major players in the payment cards and mobile industry. en-gb Copyright 2009, Payments Cards and Mobile 2009. kaye@paymentscm.com Fri, 10 Sep 2010 05:20:05 +0100 Fri, 10 Sep 2010 05:20:05 +0100 Fraud and Security In house http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=988 SmartTrust and Methics have announced the successful completion of interoperability tests between their mobile signature service products. Tue, 13 Jul 2010 10:46:47 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=960 USAA has announced that it is giving its mobile users "faster, more secure mobile logon access to their banking, insurance and investment accounts through its new quick logon and authentication security software." Fri, 04 Jun 2010 10:43:23 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=919 With around 10% of US fraud victims having their details used to make withdrawals at ATMs, banks need to beef up their machines' security, according to a report from Javelin Strategy and Research. Fri, 09 Apr 2010 16:56:52 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=916 EAST (the European ATM Security Team) has reported a 36% drop in ATM related fraud losses in 2009, with total losses of 312 million Euros reported (down from 485 million Euros in 2008). Annual losses due to card skimming have fallen for the first time since EAST began reporting in 2004 (down from 484 million Euros in 2008 to 310 million Euros in 2009). Fri, 09 Apr 2010 16:46:26 +0100 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=911 Fraud against UK financial institutions and their customers is evolving rapidly as organised criminals move into the mass-market and recession-hit consumers falsify their data, according to figures compiled by credit risk agency Experian. Mon, 22 Mar 2010 15:41:32 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=906 There is a well-known idea that the more technology you have the more likely it is to go wrong. Fri, 12 Mar 2010 13:09:09 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=884 The European Payments Council has hit out at accusations by consumer groups that customer protection and security procedures are being undermined by the roll-out of the new Sepa Direct Debits (SDD) scheme. Thu, 11 Mar 2010 11:56:43 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=881 The UK Payments Council has released new data on fraud losses for the full year 2009 that show that "total fraud losses on UK cards fell by 28% between 2008 and 2009 to andpound;440.3 million a decrease of andpound;170 million on the previous years total." Thu, 11 Mar 2010 11:31:37 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=880 The US banking industry is failing to protect its small business customers from a destructive epidemic of cyberfraud that is sweeping the nation, according to research by Guardian Analytics and Ponemon Institute Thu, 11 Mar 2010 11:26:31 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=877 The vast majority of UK firms have yet to be certified as PCI DSS compliant with a third unsure if they will meet an upcoming September deadline, according to research commissioned by vendor Tripwire. Mon, 08 Mar 2010 13:55:08 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=876 Atos Worldline, which brings together Atos Origins expertise in high-tech transactional services, has received for its DEP/PCI card the FIPS 140-2 Level 3 certification from the National Institute of Standards and Technology (NIST) and the Communications Security Establishment Canada (CSEC). Federal Information Processing Standards (FIPS) 140-2 is the most widely adopted security benchmark for cryptographic solutions in government and commercial enterprises. The standard defines four levels of compliance. Security requirements become more stringent as the certification levels increase. U.S. federal agencies are required to use only FIPS-certified products in any federal system that uses cryptography to protect sensitive or valuable information. Fri, 05 Mar 2010 12:05:33 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=871 The debit cards of hundreds of people in the Canadian city of Windsor have been compromised after crooks tampered with payment terminals in fast food joints, installing Bluetooth technology into the PIN Pads and wirelessly downloading account information. Mon, 01 Mar 2010 10:33:54 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=867 Researchers at the University of Cambridge Computer Laboratory have uncovered flaws in the Chip and PIN system that allow criminals to use stolen credit and debit cards without knowing the correct PIN. Tue, 23 Feb 2010 12:17:23 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=866 Portable computing firm IronKey has launched a USB-based system designed to protect US corporate banking customers from an epidemic of cybercrime caused by malware-infected PCs. Tue, 23 Feb 2010 12:12:34 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=862 Thales has launched SafeSign Mobile Authentication which enables strong authentication using a mobile device. Tue, 23 Feb 2010 10:35:19 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=846 Javelin Strategy and Research has announced results from its 2010 Identity Fraud Survey Report - finding that "the number of identity fraud victims in the US increased 12% to 11.1 million adults in 2009, while the total annual fraud amount increased by 12.5% to $54 billion. Thu, 11 Feb 2010 15:40:59 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=809 Around two thirds of internet users are putting themselves at risk of fraud by using their online banking credentials on other sites, according to e-security vendor Trusteer. Thu, 04 Feb 2010 16:10:12 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=799 The 3-D Secure protocol adopted by banks and card schemes under the Verified by Visa and MasterCard SecureCode banners has been branded by Cambridge University academics as "a textbook example of how not to design an authentication protocol" by ignoring good design principles and presenting "significant vulnerabilities". Wed, 27 Jan 2010 12:37:55 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=789 Consumers around the world are becoming increasingly aware of, and concerned by, online security issues, yet more people than ever are falling prey to cyber-scams, according to a survey from RSA. Wed, 20 Jan 2010 12:07:08 +0000 http://www.paymentscardsandmobile.com/Payments-Cards-Mobile-News/Fraud-and-Security/readnewsarticle.php?ID=751 Action to prevent criminals abusing new mobile phone technology, which allows them to be used like debit, credit and pre-paid cards, has been agreed by the government, mobile phone and card payments industries, Home Office Minister Alan Campbell. Thu, 03 Dec 2009 15:38:47 +0000