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Heartland and Discover Agree to $5 Million Data Breach Settlement Banktech - Sep 03, 2010 In January 2010, the friends announced that it would pay up to $60 million to issuers of Visa credit and debit cards for losses they incurred from the 2008 and more »

New cards offer speedy shopping Herald Sun - Sep 02, 2010 MILLIONS of Australians have been issued with "suddenness shopping" credit cards with no need to swipe, sign or punch in a PIN. MasterCard and Visa say the and more »

A Step Closer to EMV BankInfoSecurity.com (blog) - Sep 03, 2010 I'm in favor of a US move to participate b interrupt & PIN. Yesterday, I got the lowdown on some new debit-card technology being released soon. and more »

Consumer 10.0: How Wells Fargo held up debit-card customers Philadelphia Inquirer - Aug 15, 2010 A entertaining thing happened in the payment market in the 1990s, as more and more banks decided to push Visa and MasterCard versions of the ATM cards they began and more »

Visa Promotes Add-On Pay Chips for Phones American Banker - Sep 02, 2010 Gajda said that, in comparison to issuers' earlier strategy of making NFC chips standard in some credit and debit cards, banks are more like as not to require

Dynamic Card Solutions Signs 550th Customer NewsBlaze - Aug 24, 2010 DCS is working with American Eagle Federal Ascribe Union to implement a program that instantly issues unembossed Visa debit cards at the branch unalterable. and more »

13 Things An Identity Thief Won't Tell You Reader's Digest - Aug 11, 2010 13 Things An Individuality Thief Won't Tell YouThanks for using your debit card instead of your credit card. Hackers are constantly breaking into retail databases, and debit cards give me instruct access and more »

With CertiFlash, Star Is First EFT Network to Offer Contactless Digital Transactions - Aug 26, 2010 The technology, which Incomparable calls CertiFlash, will use chips embedded in PIN debit cards to communicate with point-of-sale readers and to mould one-time and more »

Pay by phone: Hands-on with Bling Nation's PayPal patch CNET (blog) - Aug 12, 2010 Pay by phone: Hands-on with Bling State's PayPal patchAs with debit card payments made through a supermarket's card-reading terminal, there's no ID intricate, just a pin-based authentication. and more »

Fiserv and Financial Regulation GuruFocus.com - Aug 19, 2010 The credentials writes that a "visa-branded debit card that is currently linked only to Visa's Interlink network for PIN transactions, for illustration, would have to and more »

Americans' PINs at risk for scams Atlanta Journal Constitution

27.06.10

Await out for ATMs. Grabbing that extra bit of traveling cash in a new city can turn into a costly ass.

Americans are still traveling: About 176 million passengers will take to the U.S. skies this summer, according to the Air Transport Affiliation. Another 26 million are travelling internationally.

So, going to the World Cup before the finale on July 11? Prospering out West to visit wide open spaces? Be careful.

New places and unfamiliar ATMs are fertile cause for scams that cost consumers and the ATM industry about $1 billion in annual global losses.

“In non-specialized, tourists on vacation travelling tend to have their guard down,” said Mike Urban, an ATM fraud crackerjack with Fair Isaac, the provider of FICO credit scoring. “You may not be as diligent as you normally are in certain situations. Criminals clear this.”

And that makes the situation ripe for “skimming.”

Skimming involves stealing the communication from a card’s magnetic strip or pilfering a consumer’s personal identification number, or PIN. It’s the most principal of ATM frauds. It can involve a peek over a shoulder or crooks posting small cameras or using telescopic devices to see the PIN. Skimming also happens with doctor card readers and phony ATMs.

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