Skip to content
Risk & Compliance RSS
European privacy regulation moves forward
The payments industry is no stranger to the increasing reach of regulation. With the EU Regulation on interchange fees for card-based payment transactions coming into force earlier this year, together with near-term final approval of the EU’s revised Directive on Payment Services (PSD2), what was once a lightly regulated industry is decidedly no longer so. New regulatory impacts [...]
The post European privacy regulation moves forward appeared first on Payments Cards & Mobile.
Global study shows increasing security risks to payment data
With acceptance of mobile and other new forms of payments expected to double in the next two years, a new global study shows a critical need for organisations to improve their payment data security practices. This is according to a recent survey of more than 3,700 IT security practitioners from more than a dozen major [...]
The post Global study shows increasing security risks to payment data appeared first on Payments Cards & Mobile.
Rambus acquires Bell ID
Rambus has announced it has acquired Smart Card Software Ltd which includes Bell Identification (Bell ID) and Ecebs Ltd (Ecebs) through the purchase of all outstanding shares of Smart Card Software, for £64.7M in cash. As part of this acquisition, the advanced mobile payment platform developed by Bell ID, along with the smart ticketing platform created [...]
The post Rambus acquires Bell ID appeared first on Payments Cards & Mobile.
New payment services bring a better customer experience but also the attention of fraudsters
Payment card providers that are battling for market share are introducing new services to defend and expand their client base. New initiatives by issuers bring a better customer experience. However, they also bring the attention of increasingly sophisticated fraudsters. Co-Founder and CIO of risk mitigation experts Global Risk Technologies, Monica Eaton-Cardone, analyses recent moves from [...]
The post New payment services bring a better customer experience but also the attention of fraudsters appeared first on Payments Cards & Mobile.
Hyatt Hotels latest to have payments card data hacked
Hyatt Hotels has become the latest in a growing list of high profile brands to have their payments card data hacked. The company said Wednesday that it is investigating malware it found on computers used to process customers’ payments, and Hyatt (H) is consulting with cyber security experts. The data breach only affected properties managed [...]
The post Hyatt Hotels latest to have payments card data hacked appeared first on Payments Cards & Mobile.
