The number of POS terminals in Nigeria grew from 150,000 in 2017 to 543,000 in April 2021, according to Statista. During that period, the volume of POS payments in the country also increased tremend
RSA Security has spun out its fraud and risk intelligence business into a standalone company called Outseer that will double down on payment security tools amid an “unprecedented” rise in
Electric vehicle charging stations could become one of the next big targets for fraudsters — thanks to proposals in several state that researchers say would weaken their security. Most electric vehi
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 pl
MasterCard is trialling a Chip and PIN bankcard that includes an embedded fingerprint reader, introducing a biometric authentication layer for card payments -- and taking a leaf out of the book of App
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 st
Just when you thought it was safe to slip your card in a slot ATM skimmers have gotten just a bit smarter. New devices called Shimmers can now read your card number and, in certain instances, access y
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-fashione
The Stratos Card is about to jump in the deadpool. The company behind the universal credit card is shutting down, TechCrunch has confirmed from several sources. Founded in 2012 by Thiago Olson and Chr
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 t
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 t
The cyber breaches and system hacks affecting Target, Home Depot, Neiman Marcus and other large retailers over the past two years have resulted in billions of dollars of credit card fraud. This growin
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