Many automated teller machines (ATMs) and point-of-sale (POS) terminals fail to properly generate random numbers that are required by the EMV protocol to securely authenticate transaction requests, ...

A flaw in the EMV protocol which lays out the rules for chip-and-PIN card transactions at ATMs and point-of-sale terminals could enable persistent attackers to carry out bogus card transactions. A ...

How Ready are Your Competitors Today? A more open and innovative payments system is on its way. Yet, opening up banking to third parties has significant requirements for enhanced customer security and ...

Many consumers and merchants adjusting to using newly-issued EMV credit and debit cards may undergo a perception versus reality check as Visa Inc. prepares to debut its Quick Chip for EMV program.

On the 1st of January 2010, many German bank customers found that their banking smart cards had stopped working. Details of why are still unclear, but indications are that the cards believed that the ...

More than one year after receiving warnings from security researchers that there are serious flaws in the EMV protocol used to authenticate credit and debit card transactions in 80 countries around ...

Researchers at Cambridge University published a paper describing security vulnerabilities in the EMV chip-and-PIN protocol and implementation. Chip-and-PIN payment cards are coming to the United ...

Through technology trials, consumers in Amsterdam, France and Finland have been learning to use cell phones with near-field communication (NFC) technology for electronic payments and data exchange.

EMVCo, the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions, announced late last week that it published the EMV 3-D Secure Protocol ...

Efforts to make the EMV payment process more appealing to consumers and merchants got another boost with Mastercard Inc.’s announcement Thursday that point-of-sale equipment maker VeriFone Systems Inc ...

Many automated teller machines (ATMs) and point-of-sale (POS) terminals fail to properly generate random numbers that are required by the EMV protocol to securely authenticate transaction requests, ...