credit risk debit

UK at risk from repeat of US hack attack?

News They are accused of stealing more than 40 million credit and debit card numbers before selling the information, with one of the victims TJX Corporation, owner of clothing retailer TK Maxx, being targeted by hackers who broke the WEP encryption on... [06 Aug 2008]

Businesses fear Sepa debit fraud risk

News Instruments for credit transfers started last January, while processes for Direct Debits and debit cards should be in place by the end of 2010. Financial administrators feel being unprepared for the Single Euro Payments Area (Sepa) directives could... [22 Jul 2008]

PCI DSS Compliance: An Overview

White Paper In order to make this process easier, customers generally pay for the services or goods by credit or debit card. Criminals have become more skillful having discovered that there is a significant amount of money to be acquired with very little risk... [24 Feb 2008]

Security experts slam HMRC over data loss

News Debit cards that link to the old accounts may also have to be closed and reissued. Fraudsters will wait until they turn 18 to apply for credit products in their names. However, credit checking service Experian says this may not be good enough. [22 Nov 2007]

Online cash payments on the cards?

News There is already evidence that this is starting to happen as a number of major retailers are considering adding alternative payment methods to the standard debit and credit card. But when HMV ran an online promotion for the band McFly to its great... [22 Oct 2007]

Experian adds anti-fraud tool

News Financial risk management specialist Experian has launched an account-checking service in an effort to cut direct debit and credit fraud. Brooker said since the banking community has concentrated on reducing credit card fraud, fraudsters have moved... [03 Oct 2007]

TJX data heist was "inevitable", says report

News TJX disclosed in January that its computer system had been breached, putting millions of credit and debit card numbers as well as other personal information at risk. Criminal groups actively target credit card numbers and other personal information... [27 Sep 2007]

Data breach laws 'make companies serious about security'

Comment These other elements include social security numbers, driver's licence numbers, or account numbers or credit/debit card numbers in combination with any required security code or password that would permit access to an individual's financial account. [03 Sep 2007]

Web security breach exposes 54,000 card details

News A security blunder at Newcastle City Council has exposed the credit and debit card details of up to 54,000 people online. The security exercise found an encrypted file containing names, addresses, and credit and debit card numbers had been... [27 Jul 2007]

O2 stops fraudsters with online ID checks

Case Study The customer's status is then assessed by the URU system, which includes an ID check on the customer's personal information and a credit check of all the customer's credit and debit card. Neil Harvey, O2 head of credit and risk, said: "With the... [20 Nov 2006]

Credit card companies forge security alliance

News American Express, Discover Financial Services, JCB, MasterCard Worldwide and Visa International announced on Thursday the creation of an organisation to develop and maintain security standards for credit and debit card payments. [08 Sep 2006]

Plastic for the people - cash ditched for cards

News Further reading.  Cheat Sheet: Chip and PIN   Cheat Sheet: Contactless payments  RFID credit card 'not a skimming risk'  Visa to trial 'tap and go' debit cards in London We're all using debit cards more than credit cards... [01 Aug 2006]

Are cash machines heading for extinction?

News So what does this inevitable march of the credit and debit card mean for the ATM, the humble 'hole in the wall' where most of us pick up our paper spending money? Some people argue the days of using cash are numbered; already more shopping is done... [25 Apr 2006]

MKS Case Study: Certegy

White Paper Certegy Inc.provides credit, debit and merchant card processing, ebanking, check risk management and check cashing services to over 6,000 financial institutions, 117,000 retailers and 100 million consumers worldwide. [23 Mar 2006]

Paying by iris and fingerprint - the next chip and PIN?

News The scanner allows consumers to link their fingerprint to credit or debit card accounts when paying for groceries. Existing forms of payment - such as credit and debit cards - are under constant attack from hackers and fraudsters so banks and... [14 Mar 2006]

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