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Credit card fraud - News, Features, and Slideshows

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  • ANZ Bank to launch EMV secure ATM service

    ANZ Bank will be rolling out a Europay, MasterCard and Visa (EMV) secure solution that reads credit or debit card data without the user having to insert their card into the ATM during 2015.

    Written by Hamish Barwick05 Nov. 14 09:43
  • 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.

    Written by Hamish Barwick30 July 14 11:56
  • Companies need to get PCI compliance savvy

    Payment card industry (PCI) compliance knowledge is sorely lacking among Australian companies and needs to improve before the next deadline later this year, according to Bridge Point Communications director, Tim Smith.

    Written by Hamish Barwick27 Oct. 10 11:11
  • Merchants under pressure to comply with PCI DSS

    CIOs are being warned to comply with new PCI DSS (Data Security Standard) regulations with heavy fines set to hit non-compliant companies from next month.

    Written by Lisa Banks16 Aug. 10 13:59
  • Visa fraud alert puts banks, payment processors on guard

    Visa Inc. last week sent a fraud alert to banks and payment processors warning them to look out for a "large batch settlement fraud scheme" involving a merchant account in East Europe.

    Written by Jaikumar Vijayan12 May 10 08:17
  • Gonzalez sentenced for multimillion-dollar credit card scam

    As his parents and sister silently wept, hacker mastermind Albert Gonzalez was sentenced Thursday in U.S. District Court to two concurrent 20-year stints in prison for his role in what prosecutors called the "unparalleled" theft of millions of credit and debit card numbers from major U.S. retailers.

    Written by Nancy Weil26 March 10 08:24
  • Gonzalez sentenced for multimillion dollar credit card scam

    Hacker mastermind Albert Gonzalez was sentenced Thursday in U.S. District Court to two concurrent 20-year stints in prison for his role in what prosecutors called the "unparalleled" theft of millions of credit card numbers from major U.S. retailers.

    Written by Nancy Weil26 March 10 06:31
  • Counterfeit card fraud drops by half in the UK

    Fraud losses due to counterfeit payment cards fell by half in 2009 from the year prior in the U.K., but online banking losses continued to rise, according to new banking industry figures released Wednesday.

    Written by Jeremy Kirk11 March 10 08:17
  • Mobile phone location technology fights card fraud

    Ericsson is courting major banks with a security service the company thinks could cut down on credit card fraud as well as eliminate an inconvenience for travelers using cards overseas.

    Written by Jeremy Kirk26 May 09 22:24
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