Tags » Contactless Payments, Security
New York Times reporter John Markoff covers recent research by a group of European computer researchers who have demonstrated inserting a software virus into RFID tags.
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Tags » Payments Blogs, Wells Fargo
Wells Fargo has announced the launch of "Guided by History", a new corporate blog devoted exclusively to earthquake and disaster preparedness. The blog's launch is timed to coincide with the 100th anniversary of the 1906 San Francisco earthquake and fire.
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Tags » Checking Accounts, Who We're Watching
Whenever we start thinking that the world of checking is coming to an end, we learn about a new initiative that is making checks better. Glenbrook partner Carol Coye Benson was briefed last week by Harland on their new Validify solution to combat identity theft and check fraud.
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Tags » ACH, ECommerce Payments, Merchants, NACHA, Online Banking
NACHA has announced that its board of directors has approved conducting a pilot to test online transactions in which consumers would be authenticated by their own financial institutions, and initiate private, secure electronic payments for consumers' online funds transfers, bill payments, and purchases via their financial institutions' online banking web sites .
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Tags » Contactless Payments, Mobile Payments, Near Field Communication (NFC)
Dylan McGrath reports for EE Times on comments by Frans van Houten, Philips Semiconductors' top executive, in which he predicted that, by 2010, half of all new wireless handsets shipped will contain embedded near-field communication (NFC) technology, a short-range wireless connectivity technology that enables two-way interactions among electronic devices.
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Tags » Card Fraud, Data Security, Debit Cards, Merchants
Greg Sandoval reports for CNET News.com that OfficeMax has conducted that an independent study by a security expert who no indication that the company's customer information was lost as had been rumored in earlier reports about the recent debit card fraud attacks.
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Tags » Credit Scores, Equifax, Experian, Fair Isaac, TransUnion, VantageScore
Eileen Alt Powell reports for the AP with more details about VantageScore, the new credit scoring system announced yesterday by the three major credit bureaus Equifax, Experian and TransUnion.
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