extranet log inResearcher shows off ATM 'jackpot' hacks
A security researcher has demonstrated two hacks on ATMs, forcing the machines to spew out cash, at the Black Hat conference in Las Vegas.
Source: Finextra
How Russians choose credit cards
As a part of Retail Market Monitoring program the company Profi Online Research analyzed factors people in Russia take into account while choosing bank to get a credit card.
According to the research as of the end of 2009 19% of 7.1 thousand respondents had credit cards. The key factors that define the choice are the service charges.
The research has shown that Moscow respondents more often pay attention to the number of cash deposit terminals (65% in Moscow vs 51% in the regions), option of getting the card without visiting the banking outlets (28% vs 22%), grace period (72% vs 65%) and the card design (11% vs 7%).
In the regions people pay more attention to the credit limit size (79% of respondents), interest rates and early repayment option.
Source: PlusJournal
Diebold Introduces New Skimming-Protection Solutions to Combat ATM Fraud
Advancing its 150-year legacy of leadership in the financial and self-service and security industries, Diebold, Incorporated (NYSE: DBD) has introduced a comprehensive portfolio of skimming-protection solutions that help financial institutions mitigate card skimming, one of the largest threats against the automated teller machine (ATM) channel worldwide.
Source: Diebold
Citi rolls out contactless payments stickers
Citi has quietly rolled out the option for customers who request it via the bank's Web site, using the tag-line: "The back of your phone just became its coolest feature".
The Citi payment tags, supplied by Oberthur Technologies, enable customers to make payments of up to $50 at the point of sale at MasterCard PayPass readers.
It is linked to customers' Citi credit card accounts with purchases appearing on monthly statements.
Source: Finextra
First Data Looks at Fraud Trends: "Fraud as a Service"
A new white paper titled "Fraud Trends in 2010: Top Threats From a Growing Underground Economy" by Rick Van Luvender Director, First Data InfoSec Incident Response Center, First Data Corp. is now available.
Source: PaymentNews