Bitcoin Eliminates Payment Card Skimming & ATM Woes
ATM Skimming remains one of the most dangerous threats to consumerism all over the world. Bitcoin effectively removes the need for cards and ATMs altogether, and Bitcoin debit cards should only be seen as a temporary measure to spend cryptocurrency. ATM Skimming is a Global Threat. A recent article on KrebsonSecurity showcases a video of how an ATM....
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The European ATM Security Team released a new European Fraud Update for 2016. As part of this report, an interesting picture is painted as to how ATM fraud is evolving in Europe. A total of 23 European countries are represented in this report, and by the look of things, the fraud rates are not going down by much. Bitcoin remains a viable alternative to traditional finance, as digital currency ATMs are not affected by skimming issues for the time being. ATM Fraud Update Reports Shift In Skimming. One particular trend of notice in this new report by EAST is how twenty countries reported....
It is no secret that any type of card reader can be used for both legal and illegal activities. Making credit card payments in most countries involves either the customer or cashier to swipe the card through a card reader. Square, a company, known for its credit card payment processing capabilities, faces some security concerns as far as their Square Reader device is concerned. With technology evolving at a rapid pace, a lot of focus is being put on making the entire payment experience more convenient for customers. As a result of that ideology, applications and hardware have been released....
Bringing additional security to the payment sector is a tough battle as there are so many hurdles to overcome, especially when it comes to plastic cards. The introduction of EMV chips to plastic cards seemed to be a major step in the right direction, but as it turns out, EMV transactions can be disabled, forcing merchants to swipe the card. The....
Bitcoin exchange CEX.IO has announced the launch of its new payment card withdrawal service. This new feature will allow CEX users to withdraw fiat from their exchange accounts to payment cards, in theory allowing them to skip the bank transfer process when making withdrawals. CEX says that this new service has “completed the full circle” of card-based....
Curve, a financial services company based in London, has come out with a card and an accompanying mobile app that allows customers to scan all their debit and credit cards and then use each one for separate purchases with the one card. Single payment card. A Curve card can be obtained with a one-time payment of £35, after which, it’s free to use. In order to set up the card, users download the app and scan an unlimited number of bank cards, at which point, they will be synced to the Curve card. Despite this, the card works just like any other card, and doesn’t require a battery. “Curve....