Primary innovation is doing something that has never been done before. Most primary innovation is ridiculous and fails without anybody noticing. Very, very rarely, primary innovation changes the world and the company that creates the innovation becomes a Unicorn. Secondary innovation wins by giving a twist to that primary innovation.Read More
Post Tagged with: "card security"
Never in the history of payments has there been such a media-frenzied, corporate disrupting and consumer-captivating moment as last week’s unveiling of Apple Pay.
The clock is ticking on EMV adoption, but one bank, at least, is ready.
The recent Target credit card scandal has colored last-minute Christmas shopping with fear — fear of security breaches and lackluster controls and privacy. No doubt, American Express should add to that fear. The federal government today slapped American Express — officially the company’s American Express Centurion Bank — with more thanRead More
Over the past five years a scam known as electronic funds transfers at the point of sale (EFTPOS ) skimming. People commonly swipe both credit and debit cards through the in-store machines to pay for goods and services and hackers have figured out how to skim customer cards. In Australia,Read More
A European hacker broke into a U.S. company’s computer network and stole 1,400 credit card numbers, account holders’ names and addresses, and security codes. The hacker, nicknamed Poxxie, sold the stolen credit card data to other cyber criminals through his own website, CVV2s.in, for $3.50 per credit card. The maliciousRead More