Payment/Security ARCHIVE

25 Tweets from Day 1 of #MRCVegas2014  Mar 20, 2014 8:32 AM By Tim Parry

Did you miss Day 1 of the Merchant Risk Council Ecommerce Payments and Risk Council? Here’s a look back at some thought leadership, fun and a-ha moments from Las Vegas. [View the story "#MRCVegas14 Day 1" on Storify]

Skiing at the Merchant Risk Council Conference  Mar 19, 2014 6:37 PM By Tim Parry

The last thing I thought I’d do in Las Vegas this week was strap on a pair of ski boots. Okay, the last thing I EVER thought I’d do was strap on a pair of ski boots. But Digital River’s John Phillips coaxed me into giving their skiing simulator a shot today at the MRC […]

Why Merchants Need to Quickly Adopt EMV and mPOS  Mar 17, 2014 7:16 PM By Benny Nachman

The recent Target data breach, together with a series of other events in recent years, have moved Europay, MasterCard, Visa (EMV) adoption in the U.S. from a possibility to a near reality.

Cyber Security in the Crossroads  Mar 12, 2014 10:22 AM By Tim Parry

Target, Neiman Marcus and Michaels are not the first merchants to have customer data compromised by a cyber-attack, nor will they be the last.

The Effects of Online Credit Card Declines in the U.S.  Mar 09, 2014 8:34 PM By Tim Parry

An independent study of 1k consumers found that 17 percent of consumers report having had their credit cards declined during card not present (CNP) transactions and as many as one-third of these declines were unnecessary. The result is consumer aggravation, increased operational costs for banks and credit card companies and as much as $40 billion in lost revenue for online retailers. 41st Parameter, a part of Experian, released the data from its TrustInsight division.

Overstock.com Surpasses $1 Million in Bitcoin Transactions  Mar 05, 2014 3:16 PM By MCM Staff

Overstock.com announced that it has sold over $1 million in product to Bitcoin users since the online shopping site started accepting the cryptocurrency on Jan 9. According to Overstock.com, of the over 4,300 Bitcoin customers that made purchases with the site since January, almost 60% are new customers.

Target CIO Resigns after Holiday Security Breach  Mar 05, 2014 1:21 PM By Erin Lynch

Target has announced that Beth Jacob, chief information officer, is resigning from her position as part of an “overhaul” of the retailer’s information security and compliance structure. Jacob’s resignation is effective March 5.

Data Breach Affects Target’s 4Q U.S. Sales  Feb 26, 2014 8:05 AM By Tim Parry

What did the major data breach at Target mean for the merchant’s bottom line? It meant fewer consumers shopping at the mass merchant, as well as a $17 million net expense related to the data breach investigation. Target announced Wednesday that sales for its U.S. segment in the fourth-quarter decreased 6.6%.

Is Bitcoin the Payment Game Changer or the Next Shiny Object?  Feb 17, 2014 2:49 PM By Tim Parry

Is Bitcoin about to change the way we pay for goods and services on the Internet? Or is Bitcoin just another alternative payment method that comes in like a lion and goes out like a lamb?

Most Consumers Would Never Consider Using Bitcoin  Feb 08, 2014 2:31 PM By Tim Parry

As buzz about Bitcoin continues to build, the question is often asked – will consumers embrace this alternative currency? A new nationwide survey conducted for TheStreet by GfK1 shows that consumers do not understand Bitcoin and have little interest in owning it.






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