Can quantum computing be used to tackle payment card fraud?

A data breach unveiled by Heartland Payment Systems, the 6th largest credit card processor in the US, seems all set to replace TJX Companies’ January 2007 infringement as the world’s largest ever data breach...

Visa has introduced a computerised credit card which it hopes will help banks battle fraud. The innovation could force other card issuers and banks to implement similar technology, one data protection expert has said. Four...

US punters now have access to a hybrid payment card called the Revolution Card.The hybrid card has the ability to load a line of credit, as well as store up to $15,000 in pre-pay funding from a users' bank account, and is usable...

Gemalto , a provider of digital security solutions, announced it is providing Barclays Bank plc, one of the largest financial services institutions in the world, with a tailor-made product supporting Barclays project to offer...

Croatia's Privredna Banka Zagreb (PBZ) claims to be the first implementer of MasterCard's CAP (chip authentication program) technology in South-eastern Europe.Under CAP, users of MasterCards are required to enter an online or...

According to the latest figures from Russia, card fraud is on the increase - now reaching 0.7 to 0.9 per cent of all card transactions in the country.I therefore find it amazing that Visa has announced plans from July 1 to cease...

It's fascinating to read about APACS and its ambitious plans to introduce quite complex card security systems for online and telephone card transactions.The ideas are quite valid, of course, but the problem is that - unlike the...

I was highly intrigued to hear that British Airways has implemented Chip&Pin on board all its flights, claiming it is first UK airline to achieve `end-to-end' Chip&Pin accreditation.Despite what you're thinking, the...

I always use a credit card online - even for the smallest purchases. The reason? It's the bank's money, not mine. And if I used a debit card, it'd be my money at risk if the transaction or its allied data were to be...

MasterCard has started trials of over-the-air (OTA) personalisation, a technology that allows users to securely transmit details of their and account to a mobile phone and then use the `virtual card' as a low value purchasing...

Popped over to the Trafford Centre in Manchester over the weekend for a bit of retail therapy and was intrigued to see the centre is trialling a pre-paid Visa Electron card system.Visa Electron is an EFTPOS-only debit card system...

All online banking customers of Barclays will be issued with handheld card readers next year that will read their bank cards and generate one-time passwords to better secure their transactions.The announcement came in an...

Lloyds-TSB looks like being the first out of the gate in terms of customers using their mobile phones as a means of authenticating their card transactions.According to Ken Farrow, the bank's head of financial crime, South...

I was commenting to an industry pal last week about the UK banks' lamentable slowness in implementing the online card security systems known as Verified-by-Visa and MasterCard SecureCode.Now it seems that the Irish banks are...

I was appalled to read a white paper on ATM security this week from Redspin (www.redspin.com), a Californian security auditing company.The paper identified that the continuing trend by banks to take ATM machines off proprietary...