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Security & Fraud
The IT Case Against Backdoor Encryption Access
January 12, 2016

While government agencies continue to push for backdoor access to encrypted information systems, a recent survey showed 63 percent of IT professionals remain opposed to the idea. According to a recent survey by global IT and cybersecurity association ISACA, the results of which were released...

News
Avalon’s Newest Addition To The mPOS Market
January 11, 2016

Avalon Solutions Group, a SaaS solutions provider, announced the launch of its new mobile point-of-sale terminal called myOmny. The solution, the company said, has been specifically designed keeping the needs of small to medium-sized businesses in mind. It packs all the essential business applications, including point...

News
$200M Credit Card Heist Lands NY Man In Prison
January 11, 2016

In a credit card fraud scheme that made headlines, a New York man was sentenced in New Jersey for leading a ring that scammed cardholders out of as much as $200 million. Tahir Lodhi, who pleaded guilty for being part of a conspiracy to commit...

Payment Methods
Crowdster Enables Apple Pay Mobile Donations
January 11, 2016

Crowdster, an online fundraising platform provider for nonprofit organizations, launched its Apple Pay mobile donation feature to help nonprofits capitalize on the acceleration in the number of transactions being made on mobile devices. “Enabling mobile users with a simple, easy-to-use way to make donations fits...

How Body Heat May Someday Help Consumers Pick Lines
January 11, 2016

Finding the fastest checkout line to stand in is often a heat-of-the-moment decision. Perhaps it makes sense, then, that a new app is using heat to guide that decision. ZipLine, which debuted last week at CES (Consumer Electronics Show) in Las Vegas, was designed by...

News
Consumer Borrowing Rate At 10-Month Low
January 11, 2016

The pace of consumer borrowing in the United States slowed to its lowest reading in 10 months, according to numbers released by the Federal Reserve. The research gathered by the United States central bank does not include debt which has real property as collateral, such as...

International
ATM Malware Gang That Stole Millions Nabbed
January 11, 2016

The international criminal group thought to be behind a year-long series of malware attacks on ATMs across Europe was dismantled late last week. The operation to take down the gang, which was overseen by the Romanian National Police and the Directorate for Investigating Organized Crimes...

Internet of Things
Security Fears Make IoT Gadgets Tough Sell
January 11, 2016

The much celebrated Consumer Electronics Show in Las Vegas is an annual foreteller of all tech trends for the year — what’s in and what’s out. And it looks like a lot of smart appliances might remain unsold. Privacy and security concerns might dampen demand for...

eCommerce
The Final Tally On Holiday Retail Sales
January 11, 2016

While the millions of holiday shoppers may have had their own individual wishes for gifts, retailers were more or less in agreement about what they wanted: higher sales. However, it’s looking like only a select few brands got what they wanted for Christmas. The Wall Street...