EMV (also known as chip & PIN) cards are standard bank cards that contain embedded microprocessors. EMV chip cards help to enhanced security against fraud compared to legacy magnetic stripe cards. Visa, MasterCard, Discover and American Express have announced that as of October 1st US merchants will be financially responsible for any fraudulent activity resulting from use of magnetic stripe cards. To be not affected by liability [...]
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Reduce costs and increase sales with the applications of today - and tomorrow Designed to deliver a new level of versatility, functionality and performance, the Motorola DS9808 features a one-of-a-kind hybrid form factor that provides superior comfort and ease of use in both handheld and hands-free scanning modes. Inside, the DS9808 offers the latest scanning technology, delivering record swipe speeds for 1D and 2D barcodes, as well as [...]
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While retailers battle breaches that have resulted in tens of millions of credit card numbers stolen, word comes from the RSA Conference in San Francisco that a major vendor of payment terminals has been shipping devices for over two decades with the same default password. The vendor wasn’t named by the researchers, David Byrne and Charles Henderson, but they did disclose the password: 166816. A Google search reveals that’s the default [...]
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“The chip cards are coming! The chip cards are coming! By land and by sea. Organize the merchant militia!” If you haven’t already heard, the instatement of EMV cards is imminent in the US. Suddenly all of those sales pitches from agents over the past few years (“You really need this future-proof terminal” “EMV cards are the future, you might as well upgrade now”) are beginning to sound less like pushy gimmicks and more like ignored [...]
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VeriFone is on a bit of an acquisition spree. After purchasing payments software developer Global Bay, the payments company is acquiring European e-payments giant Point for $820 million. The acquisition is expected to close at the end of 2011. VeriFone will also assume $230 million worth of debt from Point, making the the total transaction volume over $1 billion. Point, which was sold by private equity group Nordic Capital, is Northern [...]
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