Ever since its beginnings in the 1980s, Verifone has been known as a major global provider of point-of-sale (POS) technology and innovative solutions for the merchant payments industry. After three decades of being a dominant market player, Verifone is more than just a provider of credit card terminals; the company is seen as a respected…
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Great news for the credit card processing industry: Just one year into the shift towards the Europay, MasterCard and Visa (EMV) system in the United States, and counterfeit fraud costs have been slashed by just over 50%. According to a report issued by credit card giant MasterCard in mid-September, counterfeit fraud costs are being sharply…
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In the fragmented world of mobile payments, one company is taking advantage of unifying existing technologies for the benefit of shoppers. FitPay is a California company that was envisioned by veterans of the mobile payments industry. This innovative tech firm has paid close attention to shoppers who have been largely underwhelmed by “contactless” mobile payments…
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Dating sites pervade the Internet. This is nothing new. In fact, they have been around and in use almost since the World Wide Web became a global sensation. Scammers and fraudsters pervade society. This is also nothing new. What is new is that they have moved mainstream and have become more technological and innovative in…
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American companies that use credit card processing and merchant services are on high alert after a Russian hacking group breached the servers of various POS or point of sale systems. The first victim of the breach was tech giant Oracle, which in mid-2016 acquired MICROS Systems, a major provider of POS solutions for the retail…
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Software giant Oracle Corporation became the victim of a data breach last week when a Russian organized cybercrime group gained access to hundreds of their systems. According to security experts the group gained access through a customer support portal for companies that use the MICROS point-of-sale software from Oracle. The MICROS software payment system is…
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Kimpton Hotels & Restaurants is investigating reports of a data breach at several of its properties. Kimpton operates 62 boutique hotels across the country and has begun to look into the scale of this hacking. Management has hired a computer security firm to find out if guest information or internal systems have been hacked. The…
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Data security issues at Wendy’s have now been super-sized. Following whispers of a data breach in January, Wendy’s finally confirmed payment security issues in May, when spokesmen admitted fewer than 300 stores had been affected by malware. Now, the company admits the real number of compromised restaurants is over 1,000. Thieves installed malware on POS…
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The transition to chip cards, or EMV (Europay, MasterCard and Visa chip technology) hasn’t been an easy one for merchants to adopt. In order to ensure that they are compliant with new rules, merchants have had to upgrade credit card processing systems in order to accept the new chip cards. Failure to do so leaves…
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A jarring amount of 17.6 million people (7% of Americans) had at least one incident of identity theft in 2014, according to the Bureau of Justice Statistics. Unfortunately some of that identity theft can come from third parties, including criminals accessing business accounts to get information about consumers. Nonprofits, small businesses and large corporate companies…
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