April 11, 2014
April 7, 2014
The nation’s card networks have set an October 2015 deadline for card issuers and merchants in the U.S. to convert to EMV. Those that aren’t capable of handling EMV by that date will be responsible for counterfeit card fraud.
92% predicting the standard will dramatically reduce or somewhat reduce card fraud.
MORE INFO HERE
April 2, 2014
“The recent breaches at retailers underscore the complex nature of payment card security. A complex problem cannot be solved by any single technology, standard, mandate, or regulation. It cannot be solved by a single sector of society—business, standards-setting bodies, policymakers, and law enforcement—must work together to protect the financial and privacy interests of consumers. Today, as this committee focuses on recent damaging data breaches, we know that there are criminals focusing on committing or inventing the next threat.
There is no time to waste. The PCI Security Standards Council and business must commit to promoting
stronger security protections while Congress leads efforts to combat global cyber-crimes that threaten us all.”
The Chief Financial Officer of PCI SSC speaking before the Committee on Financial Services, Subcommittee on Financial Institutions and Consumer Credit United States House of Representatives on examining efforts on data security.
Read the full article here
March 31, 2014
Today I am taking the time to say THANK YOU! This blog has really grown over the past year and I am motivated to continue this blog with every like, follow and comment I receive. Empowering business owners and consumers is what I’m trying to achieve.
Today is YOUR day to tell me how can I empower YOU?
Your feedback is welcome!
March 28, 2014
I saw this in the news recently and I wanted to share again for all of you incase you missed it.
Originally posted on PayLabPlus:
The PCI Security Standards Council will not let systems that use out-of-lifecycle operating systems to be PCI compliant. So, if you are a retailer accepting credit cards regardless of your payment software, could have complications with your bank.
Please see the links below for FAQ’s and more information from Microsoft.
Also for a complete Guide on being PCI compliant through Microsoft click the attachment below
March 26, 2014
I wanted to share an email I received this morning from my Payroll company.
From Payroll Providers:
We received notice this morning from the IRS regarding what they call “the largest scam of it’s kind that we have ever seen.”
Criminals are masquerading as Internal Revenue Service agents and they have already stolen over $1 million from thousands of taxpayers.
These thieves have a caller ID that appears to be from the IRS, and they often know the last four digits of the target’s Social Security number. They use common names, fake badge numbers and follow up with official-looking emails.
They tell victims they could be arrested, deported or lose their business or driver’s license if they refuse to make a payment immediately. They are asking for credit or debit card numbers over the phone or that monies we sent my wire transfer immediately.
Taxpayers who do owe money to the IRS are contacted first by mail, and a bona fide IRS agent will never insist on payment by debit or credit card over the phone and they will never ask for a bank wire transfer.
I wanted to pass this on to inform and empower you as a business owner or consumer.