Visa starts real-time mobile transaction alerts in US

Visa has bitten the security bullet and announced agreements with eight North American financial institutions to launch a pilot program testing delivery of real-time transaction notification alerts via text
messaging and email.

TUE 19 AUG. 2008 |Featured in: News

Fraudsters have hijacked Chip and PIN

It seems that crims have finally broken the algorithm system for Chip and PIN, as, when police raided an alleged card factory in Birmingham the other day, they found a ton of kit needed to make forged cards on a massive scale.

THU 14 AUG. 2008 |Featured in: News

Visa changes the shadow authorisation system at US gas stations

Bowing to pressure from debit card punters in the US, Visa seems to have pulled a rabbit out of the hat and has changed its shadow authorisation procedures at fuel stations across North America.

WED 13 AUG. 2008 |Featured in: News

The old credit card switcheroo - watch out in restaurants

It seems that, once a credit or debit card has been totally zapped by its issuer and the card can never be used again, there's still a value in the criminal community by dishing it for use in the old card switcheroo trick.

THU 31 JULY 2008 |Featured in: News

Visa tackles petrol pump charge holds in the US

After months of claiming it couldn't solve the issue, Visa's US operation has quietly changed the way its transaction authorisation system works in North America.

MON 14 JULY 2008 |Featured in: News

Card issuers quietly getting paranoid on international transactions

I'm indebted to Scotland on Sunday for reporting on the fact that large numbers of cardholders are finding their cards being zonked out of commission (that's a technical term -Ed) when they travel into Europe.

THU 10 JULY 2008 |Featured in: News

MasterCard Canada details plans for on-board security chip

It seems that plans I reported on last month to add an onboard chip and basic keypad to credit/debit cards are marching onwards, as MasterCard Canada has started talking about the technology.

TUE 01 JULY 2008 |Featured in: News

Sainsbury's online shopping site frozen

Sainsbury' online delivering site has been suspended for a third consecutive day due to technical issues

FRI 20 JUNE 2008 |Featured in: News

Chip & PIN - who needs a PIN for a £25.00 transaction?

Popped into Austin Reed at Sheffield Meadowhall on Friday evening for a spot of retail therapy and tried to buy a Gant designer polo shirt reduced from £60.00 to just £25.00.

MON 16 JUNE 2008 |Featured in: News

Contactless Payment Is Next Big Thing Says APACS

Mobile phones could be the next hotbed for electronic payment says the Association of Payment Clearing Services (APACS); on top of being used by the user to make online payments, mobile phones could also act as contactless credit cards

MON 16 JUNE 2008 |Featured in: News