Fake news and
financial institutions

Posted by on January 18, 2017 at 3:06 pm

Six weeks ago, mild-mannered, 28-year-old Edgar Maddison Welch, father of two, entered a Washington D.C. pizza parlor and fired three rounds from an AR-15-style rifle. His objective was to liberate children he believed were being held captive there by a ring of abusive pedophile conspirators. Fortunately, no one was injured. Welch’s rounds struck only a wall, [...]

The other online fraud

Posted by on January 13, 2017 at 4:17 pm

Shortly before New Year’s Day, Michael McLeod spotted a curious ad on Gumtree, a UK-based online classified advertising site. A private seller was offering, at full retail price, a brand-new 12W2F Workout Station, the most expensive product made by McLeod’s employer, The Jim Bradley Speedball Company, a small sports equipment manufacturer in Melbourne, Australia. To [...]

EMV chips and fraud:
The half-full and
the half-empty

Posted by on January 4, 2017 at 3:17 pm

To an extent, whether the EMV chip migration glass is half-full or half-empty depends on how you want to look at it. The glass is half-full EMV chips are taking hold, now gracing 47 percent of issued Visa cards. An announcement from Visa reports: More than 1.7 million merchants representing more than a third of [...]

The most popular
and the most broken

Posted by on December 29, 2016 at 8:25 pm

  The New Year is nearly upon us. I need hardly point out that, for a lot of us, that means making and promptly breaking one or more resolutions. For a bland definition of the ubiquitous New Year’s Resolution, look no further than Merriam-Webster: A promise to do something differently in the new year. For [...]

Are the days of hard
currency numbered?

Posted by on December 12, 2016 at 4:16 pm

How quaint: The other day I saw someone use cash to pay for groceries. I’m being facetious. Despite making my living in the digital payments business, even I stoop to the occasional cash transaction. The kid who mows my lawn doesn’t accept ACH transfers. Still, I have to wonder: How much longer will coins and [...]