Glenbrook Partners

February 16, 2016

The Great EMV Fake-Out: No Chip For You!

This post was originally published on this siteMany banks are now issuing customers more secure chip-based credit cards, and most retailers now have card terminals in their checkout lanes that can handle the “dip” of chip-card transactions (as opposed to the usual swipe of the card’s magnetic stripe). But comparatively few retailers actually allow chip transactions: Most are still asking customers to swipe the stripe instead of dip the chip. This post will examine what’s going on here, why so many merchants are holding out on the dip, and where this all leaves consumers. Visa CEO Charles W. Scharf said in an earnings […]
August 28, 2018

Fiserv Flaw Exposed Customer Data at Hundreds of Banks

This post was originally published on this siteFiserv, Inc., a major provider of technology services to financial institutions, just fixed a glaring weakness in its Web platform that exposed personal and financial details of countless customers across hundreds of bank Web sites, KrebsOnSecurity has learned. Brookfield, Wisc.-based Fiserv [NASDAQ:FISV] is a Fortune 500 company with 24,000 employees and $5.7 billion in earnings last year. Its account and transaction processing systems power the Web sites for hundreds of financial institutions — mostly small community banks and credit unions. Two weeks ago this author heard from security researcher Kristian Erik Hermansen, who said […]