There’s been a lot of buzz lately about mobile payments technologies like Square, a little white box that plugs into an iPhone and essentially turns it into a credit card processing tool. Small business owners and entrepreneurs …
Identity Theft
Could Your Credit Card Information be Hacked?
If you think the British tabloid phone-hacking scandal has nothing to do with your personal financial information, think again. A consumer advocate savvy in high-tech financial security discovered that similar tricks used by hackers to break into people’s voicemail accounts could also be exploited to gain access to confidential credit …
Visa Puts Its Weight Behind New Smartphone Payment Systems
This week, Visa began campaigning to get retailers in the U.S. to upgrade their payment terminals — what we used to call cash registers — to devices capable of reading EMV chips, the technology behind “chip-and-pin” cards now …
Paying by Phone Is Riskier Than You Think
Technological advances and the proliferation of smartphones have given consumers an increasing number of ways to pay for goods and services using their mobile phone. Many of these options are similar to online bill paying, in …
How Banks Are Aiding and Abetting Identity Theft
Why in the world are banks still using SSNs as a major form of customer identification?
Your Credit Card Data Is Probably at Risk
Hackers are getting smarter when it comes to stealing your personal account information. The recent data breach at Citi — which turned out to affect some 80 percent more customers than initially reported and led to $2.7 million …