News

Target and PF Chang's breaches 'the tip of the iceberg'

As if retailers needed any reminders that their businesses are vulnerable to security breaches, experts at a recent conference warned that Target and P.F. Chang's are just the tip of the iceberg when it comes to credit card fraud.

TGI Fridays revives QR codes in UK fast track system

Restaurant chain TGI Fridays has opened a tech-laden location in the U.K. and is using scannable QR codes to fast track customer payments.

E-commerce turns 20

E-commerce is having an anniversary: It's been 20 years since Sting's "Ten Summoner's Tales" was sold in what is thought to be the first secure online purchase.

Walmart drives growth in self-checkout

Shipments of self-checkout systems rang up record numbers in 2013, driven in part by Walmart's increased use of the systems.

Live app testing pits Amazon against Apple

Amazon has now stepped up to compete against Apple's mobile app testing service, TestFlight, with its own app testing service targeted at developers with sights set on the Amazon Appstore.

Amazon launches mobile card reader

Amazon has introduced Local Register, a card reader and mobile app that assists local businesses in accepting credit and debit cards from a smartphone or tablet.

Russian hackers steal 1.2B Web credentials

Russian hackers have amassed billions of stolen user names, passwords and email addresses. The database is believed to be the single biggest stash of stolen identity information, ever.

Jimmy John's investigating data breach

Sandwich chain Jimmy John's is the likely victim of the latest retail data breach.

Backoff malware targets retailers

There's a new cyber threat to retailers, Backoff malware that infiltrates retail computer systems through remote desktop applications.

Walmart's website gets a makeover

Walmart's website is getting a makeover. The retailer on Monday unveiled a redesigned site intended to deliver more personalization and a better user experience with a focus on mobile.

Target opens Silicon Valley tech hub

Target has opened an outpost in Silicon Valley as the retailer continues to seek out technology talent and build digital commerce capabilities.

BitPay offers retailers free payment processing

BitPay is now offering free basic payment processing to retailers—for life. Under the new pricing plan, BitPay hopes that more retailers will be able to offer customers the option to make purchases using the virtual payment.

Previously, the starter plan came with a 1 percent transaction fee, reported Gigaom.

"We have set a goal to enroll one million merchants by the end of 2016," said Tony Gallippi, BitPay's co-founder and executive chairman. "When we started BitPay in 2011, we saw an opportunity to finally give merchants around the world relief from interchange fees. By offering a basic plan that is free and unlimited, forever, we give merchants yet another reason to be excited about bitcoin."

Foot Locker's Ken Hicks talks omnichannel, inventory and the future of payments

Ken Hicks, Foot Locker chairman and CEO, took the reins of the retailer in 2007 as the United States was facing down its worst recession in decades. Under his leadership, the footwear and sports apparel company has managed to deliver 17 consecutive quarters of comparable store sales growth and its best-ever financial results for the 2013 fiscal year.

Busted: Apple scammer arrested for stealing $300,000 in card scheme

There is a near constant flow of breaking news about cyber crime and data breaches, but one Florida man managed to scam nearly $300,000 from Apple and other retail stores in a decidedly low-tech way.

According to a complaint filed with a federal court in Florida, Laverne Parrish Jr. was arrested July 17 and has been detained pending trial. Parrish, 24, successfully overrode payment terminals 42 times in 16 different states and stole more than $300,000 from Apple stores, $7,753 in one transaction.

Amazon readying payment card reader, Square releases EMV version

Amazon could be preparing to launch credit card reading hardware in the next few weeks.

Bitcoin now 2% of revenue at Chicago cafe

A Chicago cafe recently installed the city's first bitcoin ATM. Cassava Bread, a gluten-free café, has been accepting bitcoin for roughly four months and the digital currency makes up 1 percent to 2 percent of total revenue.

Amazon and Sears top list of most price dynamic retailers

Amazon and Sears top a new list of most price dynamic retailers, changing prices on the highest percentage of inventory on a daily basis.

Target's VP of security: Collaboration is key

Collaboration is the key to cyber security. This was the underlying message delivered by Target's security team as the retailer tries to move past the massive data breach of 2013.