News

30 Apr Pandemic accelerated: 5 payment trends for 2021

Posted at 23:00h in Banks & Fees, Business to Business, Contactless Payments, Credit Cards, Ecommerce, EMV, Mobile Payments, New Technology, News, Payments Security by Eric

The past year has been incredible for the digital and payments space. Due to COVID-19 we’ve seen a significant change in the way consumers shop and handle payments. Over half of consumers surveyed by JP Morgan last year agreed that they used digital banking tools more...

31 Mar Microsoft warns of multiple threats while cleaning up infected Exchange servers

Posted at 22:06h in Business, Data Breach, News by Eric

Four zero-day vulnerabilities were discovered by Microsoft on its Exchange Server product early January and were exploited by the Chinese threat group named “Hafnium”. A zero-day vulnerability is a security flaw that is known to the vendor but does not have a patch or update to...

12 Jun New Pandemic Scams On The Rise

Posted at 14:32h in Banks & Fees, Data Breach, New Technology, News, Payments Security, Tips and Tricks by Eric

The WHO was one of the first major organizations to warn about the increase of cyberattacks and online scams happening over the past few months. In late April WHO reported a fivefold increase in cyber attacks stating that some 450 active WHO email addresses and...

31 Jul What Businesses And Consumers Should Know About The Capital One Breach

Posted at 22:27h in Banks & Fees, Credit Cards, Data Breach, News by Eric

Yesterday, a week after Equifax reached a whopping $650 million dollar settlement from their 2017 breach, Capital One disclosed in a press release that it suffered a massive data breach exposing the personal information of about 100 million Americans and 6 million Canadians. Again, another huge...

30 Jun What is Facebook Libra?

Posted at 17:11h in New Technology, News, Payments Security by Eric

In the past couple of weeks, you’ve probably heard and seen it all over the news, but what is Libra coin? What does it do? The goal of Libra is to “enable a simple global currency and financial infrastructure that empowers billions of people”. To put things...

05 Feb Payments Trends to Watch in 2017

Posted at 00:00h in Banks & Fees, Business to Business, Contactless Payments, Credit Cards, Ecommerce, Mobile Payments, New Technology, News, Payments Security by Eric

Between lots of new technology, evolving regulations, and emerging threats to data security, 2017 is gearing up to be an exciting year in the payments space. Here are Kubera’s Payment's stories to watch for 2017. Tech Breakthroughs Some of the most exciting payments stories to watch in 2017...

03 Oct Bitcoin’s Blockchain Technology Breaks into the Mainstream

Posted at 12:33h in Banks & Fees, Business, New Technology, News by Eric

If you follow payments and financial technology news, you may have heard the word "Blockchain" popping up more and more over the past little while. Blockchain is the technology behind Bitcoin and is an unalterable public ledger of all transactions that have been ever been executed...

29 Jul The DNC Email Hack: How Charities Can Keep Their Information Secure

Posted at 14:50h in Credit Cards, Ecommerce, News, PCI Compliance by Eric

The American Democratic National Convention kicked off this week amidst the release of 20,000 of their emails by Wikileaks. In addition to adding fuel to allegations that the DNC had unfairly worked against runner-up candidate Bernie Sanders, thousands of social insurance, passport numbers, and credit card...

24 May When Will Mobile Payments Take Off?

Posted at 11:15h in Mobile Payments, New Technology, News by Eric

In an article for Forbes, Token CEO Zohar Steinberg writes that mobile payments developers have failed to ask what consumers will get out of mobile payments. In order to see higher adoption rates, he argues, those working in the space will have to figure out...

25 Dec Hotel Chain, Hyatt gets its payment system hacked

Posted at 12:49h in Business, Credit Cards, News, Payments Security, PCI Compliance, Point of Sale by kubera_access

Hyatt Hotels, the chain that owns over 600 properties around the world recently found malware on their payment processing systems. They are the latest hotel chain to be breached in the past few months. Last month both Starwood and rival hotel chain the Hilton announced...