PINcept.com: August 2009

Not the "Type" of Two Factor Authentication we Need...

An article written two years ago (August 17th, 2007) blasted online banking log-in procedures and still, nothing has changed...even though they mention using true two-factor authentication as a solution way before it got as bad (fraud) as it is today... Banks are still using the "type" of authentication that hackers love. What type is that? You know what the Hellvetica I'm talking about. The kind you use when you don't...

Posted by John B. Frank Monday, August 31, 2009 0 comments

Over 70% Concerned About Mobile Security

Security still a concern for e-commerce in RP Smart beefs up security in payment serviceBy Alexander Villafania - INQUIRER.netMANILA, Philippines – Buying items online or through mobile phones is still a relatively low activity in the Philippines, even when there is gradual growth in Internet and mobile users.At present, according to Nielsen Philippines, there are about 20 million Internet Users in the Philippines, mostly in urban areas....

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UAL's Interchange Pass Thru in For a Fight

Travel agents fighting United Air fee planBloomberg NewsAug. 31 -- U.S. travel agents are asking Congress to prevent United Airlines from forcing some to pay credit-card processing fees on ticket purchases, saying it may raise costs for travel businesses and millions of customers.United said in June it was making the change because of transaction expenses that have risen to several hundred million dollars annually. United had planned to...

Posted by John B. Frank 0 comments

44% Less Likely to Trust eCommerce Than Last Year

The shifting of consumer behavioral attitude towards a "more secure transaction" such as the one's provided by HomeATM's 2FA 3DES DUKPT E2EE solution is gaining momentum. In fact, 44% of consumers are less likely to trust a Web Merchant with their personal data than just one-year ago. It's only a matter of time before "everyone" realizes that financial transactions must be conducted "outside the browser space." Here's...

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HomeATM Provides the "Inevitable" Solution Now

HomeATM: "Inevitably For Our Own Good" Here's an excerpt from an article written by Rhodi Mardsen which unequivocally states the reality of what it takes to secure online banking and credit/debit card transactions conducted online. It's the economy typing stupid! Don't Type: Swipe! HomeATM encrypts the card details so that hackers only find "random gobblygook" and manufactures the "only device" designed for eCommerce to...

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Fraud Necessitates the Need to Track Consumer Credit Card Purchases

img alt="" border="0" src="https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_tzDCbCWQuSukU_4QkcjBlQMhDxA7i2mc_nhNICQ9d3ln_maWFPqUiLL28rCNr72_wcVAFM1bZZDnO8B0ZJ8sY7HEqTUh1y20qSkaK7RkWn_2MKD1Ely6BrJgzUvpv0_bPkoiCWRSL-MSvTYb1-erSFEB90TkXmkrZlcid6Ro1Vxe_oWfqvjzCYYwbY4qOD_OMZUAIgeCCxAsq2-woA=s0-d"> Credit-card companies track your purchases to make sure you and they aren't scammed Sunday, August 30, 2009...

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Australian Retailers Association Concerned with EftPOS Fees

ARA concerned at RBA review of interchange regulation > Inside Retailing Eftpos interchange fees cannot be consistent with debit card fees according to the Australian Retailers Association.The ARA and the Australian Payment Merchants Forum (AMPF) say they are concerned at a Reserve Bank of Australia proposal to subject Eftpos interchange fees to the same regulation as Visa and MasterCard's debit cards.Chairman of the AMPF and ARA executive...

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Brazil Suspends VisaNet's Exclusivity Ban

VisaNet Says Brazil Antitrust Agency Suspends Exclusivity Ban - Bloomberg.comVisaNet Says Brazil Antitrust Agency Suspends Exclusivity BanBy Laura Price(Bloomberg) -- Cia. Brasileira de Meios de Pagamento, the credit-card payment processor known as VisaNet, said Brazil’s antitrust regulator suspended a ban on exclusivity imposed by the Justice Ministry.SDE, as the antitrust arm of the Justice Ministry is known, started a probe against VisaNet,...

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Momentum Payment Systems Announces Mobile Payment Processing with New iPhone Application Download this press release as an Adobe PDF document. Merchants of Momentum Payment Systems can now process credit and debit card transactions through its secure network by employing an iPhone, iPod Touch or T-Mobile G1 over Wifi or 3G wireless connections.Addison,...

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The State of CyberCrime - BitPipe.com/TippingPoint

From: BitPipe.comand Search Security.comThe State of Cybercrime: Today's Real Cybercriminals sponsored by TippingPoint // By use of this code snippet, I agree to the Brightcove Publisher T and C// found at http://corp.brightcove.com/legal/terms_publisher.cfm. var config = new Array();/** feel free to edit these configurations* to modify the player experience*/config["videoId"] = null; //the default video loaded into the playerconfig["videoRef"]...

Posted by John B. Frank 0 comments

PIN Payments Blog on Zimbio

The PIN Payments News Blog is now also available on Zimbio under the Wikizine:ePayments NewsOr, continue to read the advertisementfree version here at:www.HomeATMBlog.comorwww.PINDebit.blogspot....

Posted by John B. Frank Sunday, August 30, 2009 0 comments

HomeATM: "Inevitably For Our Own Good"

Here's an excerpt from an article written by Rhodi Mardsen which unequivocally states the reality of what it takes to secure online banking and credit/debit card transactions conducted online. It's the economy typing stupid! Don't Type: Swipe!HomeATM encrypts the card details so that hackers only find "random gobblygook" and manufactures the "only device" designed for eCommerce to be PCI 2.x Certified. We did it because "it's...

Posted by John B. Frank 0 comments

You Say You Want an Evolution?

Fraud Schemes Evolving Payments InstrumentsWhile some of the latest schemes borrow from scamspast, today’s fraud schemes are as sophisticated as banks’ mostadvanced payments systems. And stopping them is still a challenge.By Maria Bruno-Britz - Bank TechName a payment method and there is probably some scheme to defraud it. Since the Chinese introduced paper money,banks have been concerned about fraud. More than a thousand yearslater,...

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FDIC: Online Banking Flawed

Online crime is increasingly hitting small and mid-size companies in the U.S., draining those entities' bank accounts through fraudulent transfers. The problem has gotten so bad that a financial services group recently sent out a warning about the trend, and the Federal Deposit Insurance Corporation (FDIC) issued an alert today. "In the past six months, financial institutions, security companies, the media and law enforcement agencies are...

Posted by John B. Frank Saturday, August 29, 2009 0 comments

Online Banking Insecure...Only 1 Bank Rated Excellent

Online Banking's Innate Security FlawsConsumer rights organization Which? has criticized the online banking systems of some of Britain's biggest lenders, labelling them insecure in a new report released today.Abbey and Halifax were singled out as particularly poor. Halifax has one of the least secure log-in procedures of the ten onlinebanks we looked at. It asks for three pieces of information to confirma customer’s identity. "As each...

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Debit Gets a Boost

Financially strapped boost payment alternatives Debit cards are fast becoming the payment instrument of choice for U.S. consumers. According to Visa Inc., the value of purchases made using Visa-branded debit cards in 2008 surpassed dollars spent using Visa credit cards for the first time. For many consumers who have made the switch, there may be no turning back. Read entire st...

Posted by John B. Frank Friday, August 28, 2009 0 comments

Bank Info Security Reviews Financial Institution Breaches

A Review of the Types and Trends of Data Breaches Involving Financial InstitutionsAugust 28, 2009 - Linda McGlasson, Managing EditorThere have been 356 data breaches so far in 2009, according to the Identity Theft Resource Center (ITRC). And 46 of those breaches have involved financial institutions - up from 34 at this same time last year.In reviewing these 46 incidents (see interactive timeline w/details of each breach), one finds...

Posted by John B. Frank 0 comments

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