Last month, I invited everyone to participate in a survey about card fraud detection. It asked a simple question: "Who's better at card fraud detection? You or your bank?" The results are in and, well, it looks like it’s more or less a tie: cardholders initially...
Glenbrook held a great “Innovations in Payments” workshop this week – a group which energetically debated many topics, including Bitcoin (of course), tokenization, beacons, authentication, wearables, interoperability and mobile ad spend. As I reflect on the day, it...
Dennis Moser is Glenbrook’s payments systems expert. He’s worked on building the engines that make payment networks run, especially the critical component of the POS and payment acceptance infrastructure. He’s also been neck deep in payment data management...
Chernobyl is certainly at the top of the list of man-made disasters. In light of recent events, I’ve been thinking that the Target breach has become the Chernobyl of the payments world. As a group, we Americans never thought that much about payment security – we...
For those companies and individuals most committed to building the EMV and NFC ecosystems, the place to be February 3rd through 7th was Salt Lake City where the Smart Card Alliance hosted both an EMV Migration Forum meeting and its annual Payments Summit. Over 525...
The news from Target, increasing the number of cards compromised to 70 million and the expansion of data loss to mailing and email addresses, phone numbers, and names, affirms that we’re in a security crisis. As my colleague Scott Loftesness puts it, card data is,...
The arrest of eight in New York who participated in a global $45 million ATM cash-out attack revealed, once again, some hard truths about the cyber security posture of financial systems and the enterprises that operate essential payment infrastructure. First, the...
Merchants and terminals were a key focus at two major payments conferences this week: NACHA and CARTES. The issue of EMV in the U.S. and the high cost for merchants to replace their terminals was raised repeatedly. Estimates for the cost of replacement in the...
I had the opportunity to speak with Mike Urban, FICO Senior Director of Fraud Solutions, about how criminals are enhancing their margins in ATM and debit card fraud. The trend towards ATM compromises is largely a result of increased point of sale security. ...
The second Keynote speaker for the ATM, Debit & Prepaid Forum 2009 was Robert O. Carr, Chairman and CEO, Heartland Payment Systems. Proud of their reputation for full disclosure with merchants, they had to put it to the test with their Jan 20, 2009...
