This week's top news and views: A payments card fraud spree in Seattle prompts a massive investigation; and a Colorado court's decision to overturn an identity-theft conviction for misuse of a Social Security number stirs debate.
The U.S. reliance on the magnetic stripe is having global consequences. European countries that have made the shift EMV say they are suffering from higher-than-ever incidents of ATM skimming because of the lingering mag stripe.
Richard Oliver says globalization and the advent of the Internet have been two of the most influential technology innovations to hit banking over the last three decades. But a number of outdated card technologies, such as the magnetic stripe, lingers and is exposing the payments industry to fraud.
This week's top news and views: Version 2.0 of the PCI Data Security Standard hits the streets and takes effect Jan. 1. And Identity theft is on the rise, and a new study from FinCEN finds that it's not cyberattacks that are compromising most consumers -- it's family and friends.
He thought he was in a safe place, but this near victim of identity theft learned that leaving personal items in clear view, even in a locked car, can lead to a trail of paper loss and stolen identity.