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New credit card skimmer worked in plain sight at Aldi stores
Police in Lower Pottsgrove, Pennsylvania have spotted a group of thieves who are placing completely camouflaged skimmers on top of credit card terminals in Aldi stores. The skimmers, which the gang placed in plain sight of surveillance video cameras, look exactly like the original credit card terminals but would store debit card numbers and PINs of unsuspecting shoppers. “While Aldi… Read More
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New skimmers fit right on top of chip and PIN credit card scanners
As usual Mr. Krebs has some great images of a credit card skimmer found in the wild. This model uses Samsung phone parts and lays right over the Ingenico card scanners you’ve probably seen in stores. The interesting thing is that these scanners also support chip and PIN technology but, as evidenced by the photo, it looks like the retailer disabled it essentially sending the scanner back… Read More
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Square hopes to ease the EMV transition with faster transaction times
You’ve likely seen the headlines about consumer frustration with the transition to EMV payment cards in the U.S., most of which centers around how long the payments take versus good old-fashioned swiping. Those of us living in countries where EMV has been a fixture for a while might just shrug at this, but not Square: It’s focused on cutting transaction times to alleviate… Read More
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Why Apple Pay Is Our Best Hope To Stop Online Fraud
Heists used to be so much effort — you’d need a gang, machine guns, a getaway car and long, meticulous planning. Nowadays, all you need is a couch, a laptop and some stolen data. When the barrier to entry is so low, it’s no surprise that online fraud is a huge problem. In fact, according to the authoritative annual True Cost of Fraud report from LexisNexis/Javelin Group,… Read More
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The PayPal Here Card Reader Comes To U.S. With Support For EMV, Apple Pay, Android Pay & More
With the arrival of Apple Pay and, more recently, Android Pay, consumers are becoming more comfortable with alternative ways of paying that don’t involve credit card swipes. And now, with the U.S.’s transition to EMV – smart cards that store data on chips instead of magnetic stripes, which offers increased security – many business owners will have to upgrade their… Read More
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Square Reveals A Reader For Chip Payment Cards Ahead Of Coming U.S. Launch
Square is set to bring its payment card reader for mobile devices in line with modern tech used most places in the world outside of the U.S. – today it revealed its upcoming EMV and chip-compatible dongle, which will be available soon for pre-order with an estimated ship date of sometime in 2015.
The new reader looks very similar to the existing one, but it’s designed to read… Read More
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