Whether it’s mobile payment fiascos, PCI security changes, E-Commerce hiccups at your largest rivals or new CRM legal hurdles you now need to clear, FierceRetailIT lets you know first. Sign up for our free weekly email newsletter today!
As the payment wars between retailers and credit card issuers rage on, both sides would be well served if the EMV October fraud liability shift deadline were pushed back, because neither group is fully prepared to meet it. The dispute has been brewing for months and stems in no small part from the long and bloody conflict over card interchange fees. There's no love lost between retailers and their banking partners.
With the October deadline for the EMV fraud liability shift from issuers to retailers fast approaching, merchants and financial institutions are focused on making the change happen as soon as possible. However, this does not take into account a potential increase in e-commerce fraud.
While the economy recovered and retailers grew more optimistic, 2014 was "the year of the POS breach," with many highly publicized attacks compromising millions of personal records. As a result, some of the largest and most popular retail brands were severely damaged.
Following U.S. Bankruptcy Court approval of the sale of RadioShack's assets to hedge fund Standard General, the possible sale of the retailer's customer data has been tabled, said Texas Attorney General Ken Paxton. In a last-minute deal, Standard General agreed not to purchase the data.
The Retail Cyber Intelligence Sharing Center has launched an intelligence sharing portal under its Retail Information Sharing Analysis Center. The Financial Services Information Sharing and Analysis...
Cellphones, batteries and connecting cables aren't the only things up for grabs as RadioShack's going-out-of-business sale winds down. The company also has millions of customer names and emails at its disposable, and, with that information, a sizeable amount of potentially valuable consumer data.
Cisco Systems is warning of a new breed of malware technology, nicknamed PoSeidon, that targets point-of-sale systems. This is bad news for retailers that are still reeling from the many data breaches of recent history, such as those that hit Target, Home Depot, Staples and Supervalu.