Latest Card Security Code Stories

2009-08-10 07:00:00

SCOTTSDALE, Ariz., Aug. 10 /PRNewswire/ -- 41st Parameter(R) Inc., the leading provider of fraud detection and prevention technology, today announced a three-year extension of services from 2Checkout.com (2CO), provider of turnkey e-commerce solutions and payment processing for approximately 40,000 businesses around the world. 2Checkout will continue using FraudNet, the leading dedicated fraud prevention solution for the e-commerce industry, through 2012 to help its investigative team...

2009-07-13 08:15:00

LONDON and BOGOTA, Colombia, July 13 /PRNewswire/ -- CardSwitch Technology Limited and OpenCard S.A. recently signed a partnership agreement which will allow OpenCard(R) to market the CardSwitch payment security solutions. The CardSwitch system prevents fraud that results from card skimming. CardSwitch Technology offers a system that is the only really effective method to deflect the increase in card fraud while guaranteeing an excellent quality of service to cardholders. The technology...

2009-04-22 07:00:00

New filters and tools fortify small merchants in fight against eCommerce fraud LAS VEGAS, April 22 /PRNewswire-FirstCall/ -- 2009 ETA Annual Meeting & Expo -- CyberSource Corporation (Nasdaq: CYBS) today announced that its Authorize.Net small business solution will be releasing Advanced Fraud Detection Suite (AFDS), a robust, rules-based fraud detection system that allows online merchants to identify and handle suspicious transactions using multiple filters, tools and custom settings....

2009-03-19 08:00:00

New Survey Shows Consumers Avoiding Retailers Who May Not Protect Data WASHINGTON, March 19 /PRNewswire/ -- Visa Inc. (NYSE: V) chief enterprise risk officer Ellen Richey told security experts today that payment card data fraud rates remain near historic lows despite economic woes and high-profile compromises, and called for continued industry investment, collaboration and innovation, three key components in keeping the electronic payment system secure in the future. She made her comments...

2009-01-22 13:55:00

Heartland Payment Systems said on Wednesday that it has resolved a security breach that allowed cyber criminals to hack into the system used to process 100 million payment card transactions per month. Heartland announced the security breach, which experts say could be he largest on record, on Tuesday. Robert Baldwin, Heartland president and CFO told USA Today that the hackers had access to the system for "longer than weeks" during 2008, adding that the company was unsure about how many...

2005-08-02 18:52:36

WASHINGTON -- An unprecedented wave of Internet-based bank fraud has been enabled in part by banks that don't bother to check security codes on cash cards, according to a report released on Tuesday. Roughly half of U.S. banks in recent years have stopped checking codes embedded in the magnetic stripe of ATM and debit cards, making it easier for online con artists to suck cash out of consumers' accounts, Gartner Inc. analyst Avivah Litan said. "The only reason they don't check these...

2005-07-26 15:39:13

By Jonathan Stempel NEW YORK (Reuters) - Visa USA and MasterCard International have won dismissal of a lawsuit by California merchants that accused the credit card associations of antitrust violations in setting payment transaction fees. Judge Jeffrey White of the U.S. District Court in San Francisco on Monday also dismissed claims against Bank of America Corp., Wells Fargo & Co. and U.S. Bancorp, saying the merchants failed to allege a conspiracy to fix fees. He dismissed the lawsuit...

2005-07-15 08:21:56

NEW YORK (Reuters) - A group of large supermarket and drugstore chains has sued Visa International and its Visa USA unit, accusing the credit card association of price fixing, restricting competition, and keep companies from negotiating lower rates. In the lawsuit, filed late Thursday in U.S. District Court for the Southern District of New York, the retailers contended Visa's restrictions allowed it to extract fees that were "artificially inflated." Visa is on a "never-ending quest to...

Word of the Day
  • The navel or umbilicus.
  • In Greek archaeology: A central boss, as on a shield, a bowl, etc.
  • A sacred stone in the temple of Apollo at Delphi, believed by the Greeks to mark the 'navel' or exact center-point of the earth.
'Omphalos' comes from the ancient Greek.