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August 2014 Payments: Megahack or Megahype?

  • By Staff Writers
  • Published: 8/21/2014

This month, we lead off with an analysis of the recent Hold Security report, which sent the media into frenzy over its claims that Russian hackers stole more than a billion usernames and passwords. We speak with several security experts who are very skeptical about the accuracy of this report. Also this month, Christopher Cheniae of U.S. Foods explains how his company implemented a mobile solution to eliminate its check-related challenges.  Also, POS malware continues to wreak havoc on the retail industry, the New York Department of Financial Services receives considerable pushback over its proposed framework for regulating virtual currencies, NACHA introduces a new program to reduce online bill payment exceptions, and more.

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AFP Payments is a monthly newsletter delivering best practice information, news and analysis of global payments challenges, regulations and emerging technologies. As the world migrates from paper-based to electronic payment methods, financial professionals and others need to stay atop developments ranging from new card-based payment options, to changes in banking practices, to regional payments concerns around the world.

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