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NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted under Breaking Industry point-to-point encryption (P2PE)
News on our home page. For links to these and other full news stories, please visit www.green- solution throughout college and
sheet.com/breakingnews.php?flag=previous_breaking_news. university environments, enhancing
security and delivering a strong
return on investment, representatives
from both companies stated. Greg
Cornwell, head of global sales
at Bluefin, said the solution will
Electronic payments growth continues at healthy clip encrypt credit and debit card data at
point-of-entry and decrypt it using
Electronic payments volume was up 3.8 percent, worldwide, during the third Bluefin hardware security modules.
quarter 2018 compared to the same three-month period last year. The increase Participating merchants on the
was almost four times the growth in average tickets during the same period, Destiny One platform will use PCI-
according to the latest SpendTrend report from First Data Corp. Third-quarter approved point-of-entry devices.
growth was even stronger in the United States, where spending increased “PCI-validated P2PE takes valuable
4.9 percent year-over-year, slightly outpacing growth for the second quarter. payment data and renders it useless to
Growth in ecommerce transactions (at 5.7 percent year over year) outpaced hackers by encrypting it immediately
growth in the brick-and-mortar channel (4.5 percent). Ecommerce transactions upon swipe, dip or keying into the
accounted for 33 percent of all spending at First Data merchants, up from 30 terminal,” Cornwell stated.
percent in the second quarter. First Data analyzes transaction data for domestic
and international clients and regularly reports data trends. Study IDs card fraud as
top retailer concern
Bluefin, Destiny Solutions bring P2PE to higher education
A new report from the National Retail
Payment security provider Bluefin partnered with Destiny Solutions, a Federation and Forrester Research
software services company specializing in higher education. The partners will Inc. revealed that card fraud remains
roll out Bluefin’s Payment Card Industry Data Security Standard-validated a top concern of retailers, despite
the migration to EMV (Europay,
Mastercard and Visa) technology.
And their biggest concerns center
on card-not-present fraud. The new
NRF-Forrester report, titled State of
Retail Payments, identified fraud as
the top payment-related challenge
facing retailers, cited by 55 percent of
those surveyed for the report. Other
top payment-related challenges
include: cost of card acceptance
(cited by 49 percent) and chargebacks
(35 percent). "In a post-EMV world,
fraud is shifting from in-person to
ecommerce channels, so retailers
have been busy bolstering their
defenses to mitigate the increasing
costs and risks of ecommerce fraud,"
the report noted.
Mobile apps vulnerable to
breaches, experts warn
As Black Friday, Shop Small Saturday
and Cyber Monday drew near,
security analysts were warning
merchants and consumers to
protect personal information and
payment card data online, in stores
and in mobile apps throughout the
holiday season. Rich Scott, chief
commercial officer at EZShield and
IdentityForce, advised payments

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