Outdated payment technology led to high risk exposure.
Many merchants are concerned about the October 1 EMV liability shift and its potential impact to their respective businesses. Given that there is no mandate around EMV adoption, NCR Hospitality is recommending that restaurant operators, in particular, look to adopt solutions that manage a multitude of payment options rather than selecting single, point solutions that only address EMV.
Technology is a two edged sword. On one side, the introduction of new applications, devices, and web services makes people’s lives and jobs easier and more productive. On the other, the increase in user mobility, the migration to faster data pipes and the exchange of more information open businesses up to new threats and increased susceptibility to cyber attacks.
Cybercrime is increasing at epidemic proportions, from consumers, to SMB organizations to large enterprises. According to avtest.org, an independent service provider of anti-virus research, more malware was found in the past two years than in the previous 10 years combined. From 2013 to 2014, new malware jumped just over 71 percent from 83M to 142M new strains being introduced. And it turns out Small to Medium Business (SMB) organizations are becoming the cybercriminal’s “sweet spot”.
Who would have thought that a small piece of plastic measuring a mere 2.125 inches by 3.370 inches could open a window to so much mayhem? For the past three years, cybercriminals have been targeting the retail industry. During 2014, we saw large- name retailers like Michaels, Neiman Marcus, PF Chang’s, Staples, Dairy Queen, Goodwill, UPS, Target, and Home Depot all make headlines.
By this fall, most debit and credit cards issued to U.S. consumers will have been reissued as EMV-enabled cards with embedded microprocessor chips that add a layer of protection to the purchase to deter credit card fraud.
Lazy Dog Restaurant & Bar opened its first location in 2003, fulfilling founder Chris Simm’s dream of serving a variety of delicious food in an energetic atmosphere with a focus on warm hospitality.
The Melting Pot, the premier fondue restaurant and leading polished casual dining franchise, offers guests a unique, interactive dining experience where they enjoy a choice of fondue cooking styles and entrees, cheese fondues, salads and indulgent chocolate fondue desserts
Payment security remains a topic of great consequence in North America due to the recent number of cardholder data breaches as well as the EMV liability shift.
Red Mango started serving frozen yogurt in 2007. Since then, the number of yogurt lovers has rapidly increased, and the company now has over 200 locations in the U.S The menu has also expanded to include items like wraps, salads, juices, and smoothies. In 2014, Red Mango premiered in Puerto Rico, opening four locations in San Juan.