Emision y Adquirencia

Emision y Adquirencia — Issuing and Acquiring

Action Required: Payment Gateway Support for TLS v1.2

Dear Customer, As a reminder, the PCI Security Standards Council has mandated that all instances of SSL and early TLS must be upgraded to a secure version of TLS by June 2018. To provide our customers with the highest levels of data security, we will be making several changes that may impact the way you interface […]

El fraude por clonación de tarjetas de crédito y débito aumenta 26% en Panama

En la actualidad, 632.110 tarjetas circulan en el mercado local. A marzo de este año la deuda asciende a US$2.032 millones, US$294 millones más que el año pasado. En Panamá el delito de fraude por clonación de tarjetas de crédito y débito aumentó un 26% en el año 2016. Mientras el sector bancario busca cerrarle […]

How Does the Blockchain Work ?

How Does the Blockchain Work ?   Each transaction is a digital ‘block’ that needs to be verified before it’s allowed to enter the system. Questions include: Is the money there? Are sender and receiver reputable? Is the request legitimate? And so forth. Each computer on the network competes on unscrambling the answers, and the […]

Does The Online Card Payment Landscape Unwittingly Facilitate Fraud?

Video of the hacking : click here This article provides an extensive study of the current practice of online payment using credit and debit cards, and the intrinsic security challenges caused by the differences in how payment sites operate. We investigated the Alexa top-400 online merchants’ payment sites, and realised that the current landscape facilitates […]

Argentina: comercios denuncian a empresa propietaria de Visa por monopolio

La Cámara Argentina de Comercio (CAC) denunció “por abuso de posición dominante” a la empresa Prisma Medios de Pago (propietaria de Visa), ya que tiene el 80% del mercado de tarjetas de crédito y el 72% de débito, con una situación de privilegio en todos los segmentos: otorgamiento de licencias para operar con la marca […]

Analisis de Costos de Tarjetas de Credito (por Banco) en Panama

Mensaje de ACODECO: En este mercado hay gran variedad de productos, con características adecuadas al perfil del tarjetahabiente, por lo que recomendamos a los consumidores que desean adquirir tarjeta de crédito o que ya poseen alguna, evaluar la que se ajuste a sus necesidades, le brinde mayores beneficios y procurar siempre mantener un buen manejo […]

Bancos líderes en tarjetas de crédito en Panama

En Panamá, los cinco bancos que lideran el ranking de financiamiento en tarjetas son BAC International Bank, el Banco General, Scotiabank, Banesco y Banistmo. De acuerdo a cifras de la Superintendencia de Bancos, BAC International Bank acapara el 22.2% del mercado de tarjetas de créditos, el Banco General el 16.4%, Scotiabank el 15.9%, Banesco el […]

WalMart sues Visa for resisting use of PIN-based transactions

Wal-Mart Stores Inc filed a lawsuit against Visa Inc, saying the payments network operator was resisting the use of personal identification numbers (PINs) by customers for purchases made on debit cards at its stores. Wal-Mart and other U.S. retailers have pushed their payment partners to allow customers to use PINs instead of old-school signatures in […]

Tarjetas de crédito encabezan reclamos en Bancos de Panama

Las tarjetas de crédito encabezan la lista de un total de los 114 reclamos que de enero a marzo recibió la Gerencia de Servicio de Atención al Cliente Bancario de la Superintendencia de Bancos de Panamá (SBP). Transacciones no reconocidas, duplicidad de cargos, casos de fraude y clonación, así como desacuerdo con los cargos aplicados […]

PCI To Publish New Version April 28 With More Strict Authentication, Service Provider Rules

“The most important point is that the change to the requirement is intended for all administrative access into the cardholder data environment, even from within a company’s own network. This applies to any administrator, whether it be a third party or internal, that has the ability to change systems and other credentials within that network […]

Time to update ISO8583 in card payment transactions?

The messages used in card payment transactions are still based on the ISO8583 messaging standard originally published in 1987. The standard has of course been updated on a number of occasions (1993, 2003) though the latest version has not become widely used. Perhaps some time in the future we will get a widely used standard […]

EMV Shows Slow Progress

It’s a marathon, not a sprint—which is how the EMV transition might be described. While credit card issuers and payments companies indicate that a majority of credit cards now have the embedded chip, that does not capture the reality of limited EMV POS usage. As colleague, Alex Johnson, points out in the Bloomberg report, entering […]

Computerworld Suggests Linking Gift Cards to Purchasing Cards to Prevent Fraud

“What thieves often do is take advantage of a technology hole with most retailers. That hole is that the specific identifying numbers of gift cards are not always tied to the card that made the purchase. In other words, when a bank shuts down credit or debit card 123456, there is usually not an automatic […]

Why the U.S. is not Rushing to Adopt Chip and PIN Credit Cards?

Another article, this one in MainStreet.com reminds us that the U.S. is migrating to EMV chip cards relying on signature and not PIN for cardholder verification. Matt Schulz, senior credit card industry analyst for CreditCards.com, notes that chip and signature is still a major step forward for credit card security in the U.S. However, he […]

Phone Scams Rise 30% as Bank Fraud Goes Low-Tech

With today’s financial institutions ever-watchful about potential electronic security events across banking channels, fraudsters are becoming more creative in the ways they try to get sensitive information from people, including FI call center employees. Part of the reason for this shift is FIs’ desires to provide an easy, pleasurable customer experience, which can create unintended […]

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