The malware used to infiltrate the point-of-sale systems at Target, Neiman Marcus and other retailers appears to have been custom built for each job. Investigators have determined the malware attacks are slightly different from retailer to retailer, the Wall Street Journal reported on Feb. 5. William Noonan,...
OTI has launched a consumer-oriented automatic payment solution for gas stations. EasyFuel Plus is similar to an OTI offering for commercial purposes. It features a contactless reader attached to a vehicle’s fuel inlet. Once the driver begins refilling, the payment process is activated automatically. “This...
Consumers are rediscovering their love for cash in the wake of the recent retail data breaches. As more data breaches become public, consumers are finding themselves increasingly less trusting of card-based payment systems, the New York Timesreported on Feb. 2. Various consumers, several of whom the...
Target is fast-tracking a $100 million smart card program, with a goal to have the program fully operational by early 2015. Target’s chief financial officer, John Mulligan, announced the move in an op-ed published by The Hill prior to his appearance before the Senate Judiciary...
Investor and film producer Chad Verdi recently gave an interview detailing his thoughts on the big topics of the day: Mobile, biometrics and technology innovation as a whole. Besides his work in the U.S. film industry, Verdi is a holder of Apple stock. He says...
MasterCard today took a strong move to push out mobile-wallet technology faster globally, including its own MasterPass digital service, with the announced planned acquisition of long-time partner C-SAM, whose platform supports not just payments but also customer-specific offers, loyalty incentives, banking, bill-pay options and nonfinancial...
04 March 2014 Users of a new Google Chrome plugin called Zinc Save can make easy purchases on Amazon via their Dwolla account. Zinc Save works by syncing a consumer’s Dwolla account with Amazon when they log in after downloading the plugin. This process facilitates...
04 March 2014 Home Depot has appointed a new U.S. retail president in a bid to expand and enhance the company’s Web profile. Craig Menear, who previously served as Home Depot’s Southwest division manager, first joined the company in 1997. His last position was head...
04 March 2014 A new study from the Yankee Group has poured some cold water on mobile payments adoption. Only 16 percent of smartphone owners have used their device to make a payment in-store, the study found. Of those, 73 percent use them five times...
