Just eight weeks after it announced a private pilot mode launch of its customer-centric and secure mobile payment solution, CurrentC, the Merchant Customer Exchange announced its email database has been hacked. So what does this mean for CurrentC?
I somehow got away with only having to use a debit card once this summer at The Home Depot. And I’m not sure if I regret it yet (I’m going … Continue Reading →
While Home Depot continues to determine the full scope, scale and impact of the breach, the company said there is no evidence that debit PIN numbers were compromised.
For retailers and card providers, there are several important issues to consider regarding “chip & PIN” EMV technology ahead of the October 2015 deadline. By taking steps now to improve online security, retailers and card providers can ensure that online customer data is protected and avoid dangerous fraudsters and hackers that can potentially ruin brand loyalty and sales down the road.
The database, which was compromised between late February and early March, included eBay customers’ name, encrypted password, email address, physical address, phone number and date of birth. However, the database did not contain financial information or other confidential personal information.
Beginning in early 2015, the entire REDcard portfolio will be enabled with MasterCard’s chip-and-PIN solution. Existing co-branded cards will be reissued as MasterCard co-branded chip-and-PIN cards.
Even after arts and crafts merchant Michael’s Stores Inc. announced it was a victim of a data security breach in January, Michaels and its Aaron Brothers subsidiary’s store customer’s credit card data was still at risk.
Since Heartbleed went undetected for so long, the scope of compromised information is still unclear, but many online businesses are urging users to change their passwords as a precautionary measure.
Japan is a major economic power, and its residents are very well-versed in ecommerce. Here’s a snapshot look at payments in Japan.
Security breaches at large retailers triggered a surge in friendly fraud among consumers, according to dispute mitigation company Chargebacks911, which warns online merchants to prepare themselves with prevention strategies.