Australian retailers are sluggishly adopting credit card security standards, according to Citrix chief security officer, Kurt Roemer, but competing standards and proposed amendments to the Privacy Act will cause even greater confusion for them.
Security researchers from Cambridge University have discovered a way to attack chip and PIN cards -- and warn only Martian cardholders are safe from the exploit.
Card specialist Visa today launched a "Verified by Visa" authentication service in Australia - but it will do little to improve security unless it is uniformly adopted by merchants.
Australia and New Zealand Banking Group and card provider Visa have launched a new transaction card that can make small payments without the need for a personal identification number or signature or even touching an EFTPOS terminal.
Credit card users will be given the option of entering a PIN as an alternative to signing their name to authenticate a transaction under a banking industry initiative scheduled to start today.
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