SAMSUNG PAY US BETA TEST IS UNDERWAY

Samsung Pay has arrived in the United States — though currently only on a trial basis. Select owners of Samsung’s Galaxy phone lines — S6, S6 edge, S6 edge+ and the Note5 — will get a chance to take Samsung’s answer to Android Pay and Apple Pay on a test drive. The service allows users to upload cards into the Samsung mobile wallet and then use said phone to pay … well, actually, wherever. Ubiquity of access is the secret sauce

APPLE PAY WINS OVER ANOTHER LARGE RETAILER!

Customers of online retailer zulily can now add Apple Pay to their list of available payment methods when shopping. The company announced Tuesday (Aug. 25) its plans to offer Apple’s NFC-powered payment method as the latest enhancement to its customer experience. “We are excited to offer our customers Apple Pay, a convenient option for payment,” Mona Akmal, zulily’s vice president of store, said in a company release. “We are continuously looking at ways to enhance the ease of shopping and

CYBER SECURITY MARKET EXPECTED TO LOCK DOWN $170B

The latest research from MarketResearch.com forecasts the global cybersecurity market to jump from $106.32 billion in 2015 to $170.21 billion by 2020. In North America alone, the market intelligence products and services provider predicts the cybersecurity market will increase at a compound annual growth rate (CAGR) of 7.32 percent over the period of 2014–2019 “With last week’s news on the Ashley Madison and Established Men hack, it’s not surprising that companies are nervous about the potential dangers of cyber hackers.

THE ROLE OF TOKENIZATION IN OMNICHANNEL RETAIL

The Internet has ushered in an “instant gratification” mentality among consumers. That’s great for impulse buying and also great for retailers who now, via online presence, get the benefit of a sale even when it happens in the wee hours of the morning with the click of a mouse. But retailers must also facilitate payments that are just as instantaneous or — as a white paper by TokenEx found — consumers will quickly take their business to the next website.

What the EMV Liability Shift Means for Your Winery

DEADLINE APPROACHING – What the EMV Liability Shift Means for Your Winery If you process credit cards in your winery, you’re probably starting to hear about new payment technology and the upcoming EMV Liability shift. “Chip and Signature and Chip and PIN,” EMV is quickly becoming the global standard for secure credit card payments as these cards contain an embedded chip that protects cardholder information from becoming vulnerable to fraud. As credit card companies push US merchants to adopt EMV

EMV

https://en.wikipedia.org/wiki/EMV

Cybercriminals increasingly target point-of-sales systems

The data breach landscape could look very different in the future with the increased adoption of chip-enabled payment cards in North America, but for now point-of-sale systems account for the majority of breaches there, compared to a tiny minority in other regions of the world. Hacked point-of-sale (PoS) terminals were responsible for 65 percent of the data compromises investigated by security firm Trustwave last year in North America, compared to only 10 percent in Europe, Middle East and Africa and

8 FAQs about EMV credit cards Chip? PIN? Signature? Will old cards work? Answers to frequently asked questions

The nationwide shift to EMV is well underway. EMV — which stands for Europay, MasterCard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S. card issuers are migrating to this new technology to protect consumers and reduce the costs of fraud.   “These new and improved cards are being deployed to improve

How Millennials Are Reshaping Charity And Online Giving

Millennials are spending — and giving away their cash — a lot differently than previous generations, and that’s changing the game for giving, and for the charities that depend on it. Scott Harrison’s group, Charity: Water, is a prime example. Harrison’s story starts in New York’s hottest nightclubs, promoting the proverbial “models and bottles.” “At 28 years old, I realized my legacy was going to be just that. Here lies a guy who got people wasted,” Harrison says. So he

Experts warn of more data breaches in lead up to EMV roll out.

  Tired of hearing about data breaches and stolen credit card information? An executive at Fidelity National Information Solutions says you should expect more frequent attacks this year. Criminals this year likely will increase attacks on businesses’ servers that record payment information, because the payment industry is issuing more credit cards embedded with EMV security chips. Many merchants face an October deadline to switch point-of-sale terminals to accept the new technology. “It absolutely will be the worst year of fraud