The Cybersecurity Law Report

Incisive intelligence on cybersecurity law and regulation

Articles By Topic

By Topic: Payment Technology

  • From Vol. 2 No.21 (Oct. 19, 2016)

    Finding the Best Ways to Secure Digital Transactions in a Mobile World 

    Technology is trying to keep up with the pace of consumers’ mobile transactions. Companies are trying to give consumers convenience while ensuring their financial and personal data security. In a guest article, David Poole, business development director at MYPINPAD, explains that while methods such as biometrics, machine learning, passwords and PINs each offer benefits to companies and consumers, there is a need to not only improve processes of authentication but also combine these methods to ensure the most secure exchanges. See “How to Secure Evolving Mobile Technology and the Data It Collects (Part One of Two)” (Jul. 29, 2015); “Navigating the Evolving Mobile Arena Landscape (Part Two of Two)” (Aug. 12, 2015).

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  • From Vol. 2 No.10 (May 11, 2016)

    Privacy Concerns in a Cashless Society

    How will individual privacy hold up in a cashless society? As payment technology brings us closer to a world where cash is scarce, concerns about how non-cash payments can be tracked, and how secure they are, proliferate. The Cybersecurity Law Report spoke to Christoph Tutsch, founder and CEO of ONPEX, a Munich-based online payment exchange, and David Navetta, a partner and U.S. co-chair of Norton Rose Fulbright’s data protection, privacy and cybersecurity practice group, about what privacy would look like in a cashless society, and how the government might be the key to a more secure system. See also “How Companies Are Preparing for the Imminent Liability Shift for Counterfeit Credit Cards” (Jun. 3, 2015).

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  • From Vol. 1 No.5 (Jun. 3, 2015)

    How Companies Are Preparing for the Imminent Liability Shift for Counterfeit Credit Cards

    Traditionally, credit card companies have taken the hit when a counterfeit card is used for a point-of-sale transaction, but as of October 1, 2015, MasterCard and Visa are shifting the risk onto the issuers and merchants for counterfeit card transactions if the issuers and merchants have not switched to chip card technology.  This change, while an improvement, still will not bring the U.S. current with the international marketplace, which uses the more secure “chip-and-PIN” method.  This article explores the chip technology involved in the liability shift and its strengths and weaknesses, as well as how affected companies are preparing for the liability shift, and for improved technology that may follow soon.

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