The Mexican loan calamity; wherein Citiigroup’s Mexican extension Banamex loaned $400 million to a company that could not pay them back, has thus far has been equal part expensive, embarrassing and generally damaging for the company. The scandal has now has claimed its next round of...
Sift, a company that prides itself on “forgetting the rules to fight data fraud,” has just closed an $18 million Series B round of funding led by Spark Capital, with participation from Max Levchin, Union Square Ventures and First Round Capital. Sift helps merchants identify credit card...
If it is your job to prevent malware attacks against a point of sale system, it has undoubtedly been a long year. In breach after breach, cyber-criminals get into a corporate server and then stay around. In the case of both the Neiman and Michaels...
Gemalto has acquired Rhode Island-based Shoreline and Atlanta-based Source One Direct, two payment card personalization bureaus in the United States. Both companies were previously part of Cardiff Holdings. “The US market is rapidly moving to EMV, and this is another step in our ongoing investments...
GE announced Friday that it has agreed to purchase cyber-security firm WurldTech as one of several recent moves to “help protect critical infrastructure and advance cybersecurity efforts globally for key industries,” according to a released statement by GE. WurldTech specializes in operations technology and will focus...
Apple has started pushing its new upgrade to the EasyPay mobile POS system within the United States which will allow for interactions with EMV (“chip-and-pin”)cards while also preparing for the coming possibility of a rise in contactless credit card purchases through NFC. The EMV integration is...
Once mighty mega-chains like Sears and JC Penny are closing down retail operations nationwide at an alarming rate of speed in an attempt to remain competitive with price-undercutting internet based retailers like Amazon, and leaving behind them indoor and outdoor malls on the brink disaster....
Cross-border commerce is just about everyone’s strategic priority right now given the massive revenue opportunity that it represents. But, as everyone knows, supporting commerce in 220+ countries is expensive, and complicated. Now, best practices are beginning to emerge that enable faster, better and safer cross...
Just over one month after its initial detection, 300,000 servers are still at risk from penetration by the HeartBleed security bug, according to independent security researcher Robert David Graham. Graham found through a global scan of 1.5 million servers using the “heartbeat” feature of OpenSSL, the...
