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PayPal rolls out free mobile payment processing
- Processing credit cards can eat up a good chunk of businesses' profits. Fees add up quickly, which is one of the reasons why some places still impose minimum purchase amounts for credit card transactions. With this in mind, PayPal has…
MasterCard to release credit card with display and keypad in 2013
- Near Field Communication has been at the forefront of payment technology for a couple of years now. We’ve seen the tech ship on multiple smartphones to facilitate paying for things at places like gas stations and convenience stores. A new…
Bitcoin-funded debit/credit card coming in 6-8 weeks
- Users of electronic cash protocol Bitcoin might soon have another way to access and spend funds. During a recent IRC chat with BitInstant co-founder Charlie Shrem, it was revealed that his company was 6-8 weeks away from launching a Bitcoin-funded…
Two-year FBI undercover credit card operation results in 24 arrests
- The FBI has arrested two dozen people as part of the largest coordinated international cyber sting in history. The multi-million dollar operation spanned two years, eight countries and four continents, law enforcement officials said.
Hacker claims to have broken into nearly 80 banks, provides evidence
- A self-proclaimed grey hat hacker known as Reckz0r claims to have accessed nearly 80 large banks, collecting a massive amount of customer data in the process. To verify these claims, the hacker made a plain text file available on AnonFiles.com…
Hackers breach credit processor, thousands of cardholders at risk
- Hackers swiped the financial data of thousands of people in a security breach earlier this year, according to reports by Brian Krebs and The Wall Street Journal. Global Payments Inc., an Atlanta-based processing firm that serves as a middleman between…
On/off switch for contactless credit cards eliminates virtual pickpocketing
- A new breed of credit cards featuring contactless payments using RFID or NFC technology is just around the corner but some are already concerned about how easy it might be for thieves to intercept a transmission or initiate their own…
Did Anonymous make donations to charity using stolen credit card info?
- Hacktivist group Anonymous reportedly claims to have stolen 200GB worth of email and credit card data in what is being called a weeklong, Christmas-inspired attack on multiple targets. The hacking movement plans to steal $1 million and give the money…
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