Credit card company Visa International is taking on liability for internet fraud using its Visa cardholder-authentication program. Online retailers are held responsible for compensating defrauded cardholders, but through Visa's authenticated...
WorldPay has been supporting the checking of cardholder authenticity by verifying card numbers against the registered cardholder address and other details for some time now, but what Genesis does is verify the actual location in real time of the...
An intruder was able to use security vulnerabilities to infiltrate the CardSystems network and access the cardholder data, MasterCard said. The breach occurred at CardSystems Solutions in Tucson, Arizona, a third-party processor of payment data...
If the banks and retailers give in to this pressure then the use of chip and PIN, let alone even more inconvenient cardholder authentication methods such as biometrics will be hard to enforce. Shoppers in Oxford started to pay with their fingers...
For example, the industry-enforced PCI-DSS standard for credit card payment handlers specifies conditions such as the application and configuration of personal firewalls. Danny Bradbury explains the dilemma.
Retailers handling up to six million Visa transactions in the UK are not subject to an independent audit to check they are compliant with PCI DSS security standards that can block such hacks. Andrew Moloney, security expert at RSA Security, said...