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News

• CBA's Lock and Limit gets 40k enrolments

  The Commonwealth Bank of Australia (ASX: CBA) has announced 40,000 enrolments for its Lock and Limit service that allows credit card users to lock and unlock certain transactions on their card.

• Countdown begins for switch from debit/credit card signature to PIN

  Banks are reminding consumers that they will no longer be able to sign when they make purchases on their debit and credit cards in Australia from 1 August 2014. Instead, people will need to use a PIN – part of a move to decrease card fraud in Australia.

• PayPal announces in-store payments in Australia

  Retail customers can pay without cash or a credit card under a new in-store payment API announced today by PayPal for Australia.

• NFC uptake accelerating: Visa

  Despite some security loopholes remaining, near field communications technology is gaining a foothold in Australia, according to Visa A/NZ.

• PCI compliance requirements for Aussie businesses

  Payment Card Industry (PCI) Data Security Standards (DSS) refer to a set of standards that must be followed by big and small businesses alike when accepting, storing, processing and transmitting customers’ credit card information. To be compliant with PCI standards, all business owners, including online retailers, should adhere to 12 PCI compliance requirements for best security practices.

• Understanding PCI compliance auditing

  Businesses of all sizes must undertake PCI compliance auditing to ensure that their customers' data is protected during credit or debit card transactions and if stored within any internal business databases.

• PCI compliance checklist

  If you're business is obliged to undertake a PCI audit, then following a PCI Compliance checklist will ensure that you're security processes and payment processing meet the compliance standards. To ensure that you are meeting PCI compliance standards, you'll need to start by looking at what exactly PCI compliant means.

• PCI compliance services in Australia

  If you operate, own or hold a management role in an Australian business that stores, transmits and processes customer payment data, you may have recently been contacted by your bank regarding your PCI compliance status.

• Lax attitude to PCI, security costing businesses: Investigator

  Merchants who view security and payment card industry (PCI) compliance as an extra cost will be rueing the decision when hackers hoping to swipe credit card data strike, believes one industry specialist.

• Russian charged with selling credit card numbers online

  A Russian man accused of selling stolen credit card numbers online for nearly a decade has been arrested in Nice, France, and faces charges in an indictment unsealed Wednesday, the U.S. Department of Justice said.

• Visa's payclick takes on PayPal for micropayments

  Credit card giant Visa has entered the micropayment processing space with payclick, a pre-paid hosted service aimed at teenagers purchasing online line content such as music and games.

• Heartland, MasterCard settle over data breach

  Heartland Payment Systems has made a third settlement deal, this time with MasterCard, related to a massive data breach two years ago at the card payments processor.

• PCI council launches certification program for IT staff

  The organization responsible for administering the Payment Card Industry Data Security Standard (PCI DSS) has launched a new program to help enterprises conduct self-assessments of their compliance with the standard.

• ValidSoft tackles problem of credit-card blocking

  ValidSoft is pushing forward with software it says banks can use to avoid unnecessarily blocking credit card transactions, an occasional frustration for travelers outside of their home country.

• Fraudsters trying to capture bank cards at machines

  If your cash card gets eaten by the automated-teller machine, it may not end up in the hands of a bank employee.