Data Security
October 30, 2015 at 12:47 pm
Companies spend years of time and thousands, if not millions, of dollars to create a desirable, engaging brand that consumers trust. In addition to this trust, the relationship that retailers forge with their customers creates a strong sense of loyalty that translates into many years of return visits and follow-up sales. However, there’s one thing…
October 15, 2015 at 11:27 am
Two years after its catastrophic data breach, Target has become the first major credit card issuer to convert to cards that contain a PIN. The department store — which also issues a Visa credit card that consumers can use anywhere that accepts credit cards — began notifying credit card customers this week that new cards are…
October 13, 2015 at 12:44 pm
Every year the back-to-school (BTS) season means something different for incoming students. One year it might mean multiplication tables, the next it could be long division, U.S. history or organizational chemistry. However, one thing that students expect every year — regardless of the actual course work — is that their work load will increase and…
October 9, 2015 at 10:35 am
Our credit cards are now secured with computer chips, but the world’s largest retail trade group says consumers are no safer, while businesses are being forced to spend up to $35 billion. Most banks and credit unions are issuing credit cards that require a signature, rather than a PIN, a move that the National Retail Federation says means…
October 5, 2015 at 11:14 am
Tech pureplay retailer Newegg was taken down by hackers last week as part of an extortion attempt. Visitors to the site began to notice problems early last Thursday evening, reporting an inability to access the site via Twitter. Newegg shortly thereafter acknowledged the issues, and staff were able to put up resistance, but problems continued for…
October 1, 2015 at 10:01 am
The past year has brought a multitude of changes in payments, including PCI 3.0 requirements, EMV chip payment cards and the introduction of new mobile payment methods from CurrentC, Google and Samsung. The result is a fragmented capability across retail that's impacting consumers who want simple, flexible and convenient shopping with seamless payment methods. Retailers…
September 30, 2015 at 11:21 am
Oct. 1 represents the deadline for most merchants to accept Europay, MasterCard and Visa (EMV) chip-equipped credit cards at their terminals. Should a merchant only process payments with the familiar magnetic stripe reader, and end up taking a counterfeit card, liability for that transaction falls upon the merchant. At first glance e-commerce pros may see this…
September 28, 2015 at 10:44 am
The Oct. 1 EMV deadline is quickly approaching – yet many retailers are racing to this finish line with uncertainty if they will make it or not. In fact, a recent survey from Strawhecker Group revealed that only 27 percent of U.S. merchants will be EMV ready by the Oct. 1 liability shift. This same…
September 22, 2015 at 10:51 am
As retailers and banks prepare for the Oct. 1 EMV liability shift — which moves fraud liability from issuing banks to merchants — many consumers haven't yet received their new chip-enabled cards, or are simply in the dark about what EMV means, according to a new survey from ACI Worldwide. The new EMV Readiness Survey of…
August 28, 2015 at 11:09 am
The 2014 holiday season generated a whopping $616.1 billion in revenue, with e-commerce accounting for $101.9 billion of the Christmas shopping pie. And 2015 is on track to be even bigger. A recent eMarketer report estimated increases of 3.2 and 14.4 percent for overall and e-commerce purchases respectively, rounding out holiday sales at an anticipated…
