TSYS’s ProPay is partnering with ThreatMetrix to provide an advanced fraud prevention system that accurately differentiates real customers from cyber-criminals. The companies are collaborating on TSYS Guardian CyberShield, a cloud-based, real-time identity verification tool that recognizes returning customers while at the same time protects log-in authentication...
A new Trojan program called Kronos is up for sale among Russian cyber criminals. It is designed to steal log-in credentials and other financial information from online banking websites. According to PC World, the program can steal credential from IW, Mozilla, Firefox and Chrome, all...
Founder and CEO of LivingSocial Tim O’Shaughnessy has officially been replaced by eBay general manager Gautam Thaker. Thaker also has taken over O’Shaughnessy’s director seat on the company’s board. More than just working with online retail giant eBay, Thaker has also been served as the...
At the same very same time that merchants are getting a taste of what mobile can do to reinvent their customer relationships, they’re being asked to invest in EMV technology at the point of sale. In a recent digital discussion, MPD CEO Karen Webster and...
Twenty-seven year old Qendrim Dobruna has pleaded guilty to bank fraud charges in a case stemming back to 2011 where a team of hackers targeted and stole $14 million from ATMs in two days. In 2011, the defendant and his co-conspirators hacked into the systems of...
In what can only best be described as a zombie threat to payments security, hackers have resurrected the heretofore-defunct GameoverZeus bot.net that was used to infect computers with malware. According to internet security blogger Brian Krebs, after a month of inactivity after federal officials shut the bot...
Android devices have a bigger market share overall in the smartphone market, but a way bigger fraud problem too – three times as much as Apple does, in fact. That will surely hit merchants doing business with consumers via mobile right where it hurts. That’s...
In the latest of a string of decisions that have gone against the short-term “payday” loan industry, the Community Financial Protection Bureau (CFPB) has fined ACE Cash Express $5 million for predatory loan practices. The settlement also include $5 million that ACE is to payout...
Who better than a mobile operator to actually deploy mobile authentication solutions for commerce? Well, that’s at least the opinion of AT&T who soon plans to test a service for international travelers so that they can avoid declined card transactions. How will their solution compete...
