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PCI Oh My: New Study Shows Compliance Can “Make or Break” Merchant Relationships

PCI Oh My: New Study Shows Compliance Can “Make or Break” Merchant Relationships

A  new ControlScan survey making the rounds of the financial press, showing that “one in four acquirers say that how they approached Payment Card Industry security standard compliance caused them to lose merchant accounts.” As one ControlScan exec said, “Easing their merchants’ PCI compliance pain is certainly to the acquirer’s competitive advantage, but for risk […]

Record “Green” Predicted for St. Paddy’s; Eyeing Payments on Other Side of Rainbow

Record “Green” Predicted for St. Paddy’s; Eyeing Payments on Other Side of Rainbow

“Americans,” according the National Retail Federation, “will spend more than ever as they put on their favorite green outfits to celebrate St. Patrick’s Day this year.” As the above-linked summary states, “spending for St. Patrick’s Day is expected to reach $5.3 billion, an all-time high in the survey’s 13-year history. The total is up dramatically […]

The Two Types of Credit Card Users: Churners and Chuggers

The Two Types of Credit Card Users: Churners and Chuggers

There are numerous pieces of philosophical shorthand floating around about there being “two types of people” in the world — those that like a certain type of entertainment or music, say, or those that don’t. Perhaps a kind of food, or a political philosophy. While this kind of binary redaction may not be the most […]

Beyond the Antivirus Software, Pt. II

Beyond the Antivirus Software, Pt. II

As we write this morning, the internet is recovering from a partial loss of “the cloud” as Amazon’s S3 server had gone out, resulting in the shuttering of numerous websites and services.  Since we posted last week, a massive potential breach to numerous websites has made headlines, as the Cloudflare security service used by many […]

You May Need More Help Than Your Antivirus Software Can Give

You May Need More Help Than Your Antivirus Software Can Give

A recent article in Slate’s “Future Tense” section has some sobering news: “In 2005, Panda Software reported that a new strain of malware was discovered every 12 minutes. In 2016, the cybersecurity company McAfee says it found four every second.”   And by “malware,” they mean “the umbrella term for parasitic software like viruses, worms, […]

A Brief History of the Unlikely Rise of the Credit Card

A Brief History of the Unlikely Rise of the Credit Card

We don’t know if you’re in the habit of reading the venerable Christian Science Monitor, but they’re a reliable source of what remains real news, and many of their features and backgrounders are fascinating, as well. Just this week, they ran an interview with Matty Simmons, the former publicist-turned-Hollywood-producer, who is pushing 90. Without dating […]

New Fintech Rules? The Yin and the Yang

New Fintech Rules? The Yin and the Yang

Along with all the turmoil occupying our headlines these days, comes some under-the-radar discussion of potential new rules that could affect the financial sector — or at least the financial technology or “FinTech” sector. What’s happening, as Forbes recaps, is “the Office of the Comptroller of the Currency (“OCC”), a division of the U.S. Department […]

of SID, the Fed, and EMVs

of SID, the Fed, and EMVs

Often, we wish the news would be otherwise: Surely something other than yet-another-lapse- in-data-security must be in the payments news cycle. Well there is. But there’s also the lapse. In payments news, we see that the Fed has issued a progress report on its previously announced “Strategies for Improving the US Payment System”,  a plan […]

Data Breaches Hit "All Time High" -- AVPS Announces Countermeasures

Data Breaches Hit “All Time High” — AVPS Announces Countermeasures

All Time High was a good name for a James Bond film theme. But it’s an unwelcome descriptor for a trend in data breaches and hacks. As Insurance Business Magazine reports, “there were 1,093 tracked data breaches in 2016, a new all-time high according to a report from the Identity Theft Resource Center (ITRC) and […]

Hacks Happening! But AVPS and SID Can Help!

Hacks Happening! But AVPS and SID Can Help!

We knew we’d have some “breachy” news to report this month — we always do — but little did we know how much! For starters, just up the boulevard from AVPS, L.A. Valley College decided to pay out $28,000 in BitCoin for a New Year’s Eve attack where ransomware captured their computers, or more specifically, […]