News

5 Women driving payments innovation

The Innovation Project has announced finalists in the Women Driving Payments Innovation Award. This award, new in 2014 and done jointly with W.net, Women's Network in Electronic Transactions, is designed to honor female leaders in the fields of payments and commerce innovation. The finalists hail from Discover Financial Services, Western Union, WEX, Inc., Montise and Citibank.

Lord & Taylor adds bitcoin mobile payment option

Lord & Taylor has added a bitcoin option for mobile shoppers paying with mobile app, Pounce. The app lets shoppers snap photos of images in print advertisements on their smartphone and make a mobile payment. 

Mastercard and Visa form alliance to accelerate payment security

MasterCard and Visa announced the formation of a new cross-industry group focused on enhancing payment system security in the wake of multiple security breaches.

Target seeks to realign security and IT, seeks CISO

Target is looking to fill critical IT roles following the resignation of CIO Beth Jacob, as it seeks to overhaul security and IT in the wake of its massive data-breach.

'Dark web' malware escalating rate of cyber crime

Cyber crime is on the rise as 'dark web' malware becomes easier to obtain and retailers are at risk for more POS attacks and data breaches.

Mircosoft adds nag screens as Window XP end nears

In early 2013, Microsoft told XP users: "If your organization has not started the migration to a modern desktop, you are late." More than a year later, the tone has shifted from bold declarations to nagging reminders.

MasterCard tests payment cards that require user's smartphone to be nearby

MasterCard announced on Tuesday that it has partnered with Syniverse, a mobile technology company, to develop an opt-in pilot which allows users to make a credit card transaction only when they have their mobile device in the same geographic location. In essence, if the phone is near the place where the card is used, then the transaction is approved.

DDoS attacks are on the rise

Distributed Denial of Service (DDoS) has long been common, but there's evidence that these types of attacks are on the rise, posing yet another threat to retailer systems.

10 simple steps to protect your data

With the latest attacks at some of the nation's largest retailers, the pressure's on for all businesses to demonstrate they're doing whatever it takes to keep their customers' confidential information safe and out of the hands of the bad guys. With headlines changing every day on what actually happened and how, many are unsure of where to begin making changes to protect their own businesses.

The truth is, many of the greatest protective measures to secure confidential information are also the most simple. While attacks have incrementally gained in sophistication, they often aren't immune to being detected and stopped before the damage has been done.

John Lewis establishes tech incubator

The U.K.-based John Lewis Partnership has joined a growing list of retailers to launch technology incubators. The retailer announced JLAB, a partnership to identify and develop technology innovations that will provide the retailer with future strategic advantages with customers' needs at the core of each idea.

Visa stays focused on contactless payments

Devices that support biometric payments are on the rise — Apple's iOS and now Samsung's Galaxy S5 promise to read finger prints — but ubiquitous acceptance could be a long ways off.

Walmart buys tech startup to grow grocery delivery

Walmart is picking up steam in its quest to conquer grocery delivery service. The retailer on Wednesday announced that it has purchased Yumprint, a company that publishes a network of recipes for food blogs, and will incorporate the technology into Walmart To Go.

Bitcoin exchange Mt. Gox disappears and takes $300 million with it

Bitcoin's future is in doubt. On Tuesday, bitcoin exchange Mt. Gox disappeared and took roughly $300 million in alternative currency with it. Mt. Gox is the world's largest bitcoin exchange and its closure triggered a massive sell-off on the remaining exchanges. The future of bitcoin is now in doubt when, just last week, the currency was beginning to get more widespread acceptance among mainstream retailers.

Target launches Accelerator program in India

Target launched its Accelerator program in India Tuesday, as the retailer steps up efforts to build new technology solutions.

Visa and Mastercard's HCE announcement creates new mobile payments players

Visa and Mastercard are backing host card emulation (HCE), making it possible for credit card companies to bypass barriers to providing cloud-based mobile payments.

Hackers set off 60,000 alerts during Neiman Marcus security breach

Hackers set off roughly 60,000 alerts in Neiman Marcus' security system, alerts that were ignored, during an attack that compromised customer account information during a four month period in 2013.

Amazon expands virtual 'Coins' across more platforms

Amazon announced that shoppers in the U.S., U.K. and Germany can now buy, spend and earn Amazon Coins on their Android phones and tablets. Previously, Coins were available for use exclusively on Kindle Fire tablets.

eBay acquires virtual dressing room technology PhiSix

Online retailer eBay has agreed to acquire PhiSix Fashion Labs, a San Francisco-based computer graphics company with virtual dressing room technology.