Displaying items by tag: Credit card

Credit/charge cards remains the leading online payment method among Australians in 2021, accounting for a third (33%) of e-commerce transaction values, however, a FIS report forecasts that digital wallets will overtake to credit/charge cards to become the leading e-commerce payment method in Australia by 2025.

Payments operator Visa says its AI-driven security has helped financial institutions prevent Australian businesses being defrauded to the tune of $354 million in the past year.

Security firm Check Point says it has encountered fresh samples of the Black Rose Lucy malware-as-a-service family, that it discovered in 2018, which have an added functionality: ransomware.

A first-of-its-kind feature in Australia has launched through Samsung Pay and comparison service Finder, promising to take "shopping for credit cards to the next level of convenience" via Samsung's "Samsung Pay" digital wallet mobile payment app.

A report states an Australian man trying to pay with cash at the Apple Store in the Sydney suburb of Chatswood was pushed to pay with Apple Pay, resulting in the man buying at a different store instead.

The Apple Pay delay each day for Bendigo Bank customers now sees Samsung Pay in play, in what is great news for Samsung smartphone and smartwatch owners who bank with Bendigo.

Tap2App lets merchants use NFC-enabled smartphones as credit and debit card readers without plug-ins or wireless hardware, as seen with competing devices, and it is being available first in Australia and NZ.

Is MasterCard desperate for Australians to give up cash? Cash may ‘no longer be King’ according to a MasterCard survey, but is that just a credit card company’s dream scenario?

ACMA says tax-related phishing attacks ‘will ramp up around tax return time’ and warns us not to be caught out by today’s very sophisticated phishing scams.

Can passive RFID protection wallets that encase your credit cards with metal truly protect your cards from RFID skimming, or is active jamming a better solution?

Seven million credit cards are misplaced each year and later turn up, with CommBank’s temporary lock feature helping to avoid cards being cancelled permanently while they’re being searched for and later found.

How are breaches detected and what should be done to assist the process?  Mark Goudie from Verizon offers some thoughts.

At the end of yesterday's report, it was speculated that the Global Payments breach represented only part of the story.  This is becoming a strong probability.

Earlier reports of a breach involving 10 million credit cards were somewhat exaggerated - it was only 1.5 million.

A credit card processing breach earlier this year may have exposed as many as 10 million cards to fraudulent activity.

Following news of the hack of the Stratfor site, the perpetrators have released extensive information on every subscriber (paid or otherwise) of Stratfor's on-line services.

The security consultancy Stratfor has suffered an embarrassing hack.  If Anonymous is correct, the embarrassment may last some time to come.

Pay by Phone Service Opens up Phone Payments to Small Australian Businesses

Sometimes it seems as though we finally achieve PCI compliance only to have 'management' change the landscape and throw the 'cloud' curveball at us.  Will PCI and clouds mix or are they oil and water?

Unlike many recent intrusions (too many to mention), the Steam online gaming network intrusion doesn't seem too bad, and we hear some good things about what Valve had done to protect data.