It’s a New Day for Payment Card Fraud Liability

January 4, 2016 | Data Breach, Fraud, Payments

According to the global 2015 Cost of Data Breach Study by the Ponemon Institute, the average total cost of a data breach for the participating companies increased 23 percent over the past two years to $3.79 million. Now breach costs are likely to rise further as banks and payment processors shi ....

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It’s Not Just a Check The Box Exercise: Building a Culture of Compliance

October 13, 2015 | Compliance, Corporate Culture, Payments, Risk

Last week I outlined ideas on implementing appropriate best practices in structuring effective compliance programs. Leveraging program management disciplines can streamline the logistics of compliance management. However, process alone is not sufficient without the right “tone at the top” to foc ....

Joint Advisory Bulletin: Mobile Payment System Vulnerability

September 30, 2015 | Industry Verticals, Payments, PCI, Public Policy

Earlier this month, the U.S Secret Service, in collaboration with the Payment Card Industry (PCI) Security Standards Council, released a Joint Advisory Bulletin: Mobile Payment System Vulnerability. The advisory discuses the Growing Criminal Exploitation of Provisioning in Mobile Payments. Excerpt ....

PCI and Tomorrow’s Payments Security Environment

April 30, 2015 | Payments, PCI

Every so often it’s useful to sit back and reexamine a subject from a 40,000 foot perspective. In the last six to eight weeks, three unrelated items have caused me to do just that as I think about security issues in the payments card arena, never an easy subject even in the best of circumstances. ....

Happy New Year EMV

January 30, 2015 | Payments, Tokenization

2014, on balance, was a very good year for progress in securing electronic retail payment transactions. Most importantly, many of the key payments stakeholders seemed to coalesce around the general understanding that three basic tools, EMV chip cards, payment tokenization, and end-to-end encryption ....

Apple Pay is Live and Has (Just) A Few Hiccups

October 30, 2014 | Industry Verticals, Payments

Apple Pay hit the streets with the release of IOS 8.1 the week of October 20th and at least at the physical point of sale, the mechanics largely seem to be working as planned. With the exception of about 1000 Bank of America customers who experienced quickly corrected duplicate charges, there have b ....

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