Credit Where Credit Is Due
Square, the company that makes those little white devices that enable small businesses to accept credit card payments, has just announced they’ll be opening East Coast headquarters in New York’s SoHo neighborhood, at 375 W. Broadway.
Since expanding to the city in October 2012, Square’s New York staff have been working from the offices of 80/20, the design agency Square acquired, at 121 Greene St. The new office will enable the company’s New York team to expand to more than 350 employees, a press release said.
More Money More Problems
The US has been behind the rest of the world for years in credit card technology, and now New York could lead the way toward catching up. A new bill in the State Senate would require all credit cards issued in the state to have EMV smart chip technology.
Smart chips are Read More
In a crazy twist of fate worthy of a Steven King novel or a Bachelor Pad finale, PayPal president David Marcus recently became the victim of credit card skimming and a bunch of fraudulent transactions in the UK.
Chatter in the underground forums frequented by hackers and security researchers is that gamers sensitive financial data is now for sale.
The recent attack on Sony’s Playstation network compromised a record 70 million user accounts, leaking names, emails and addresses.
Nick Bilton over at Bits checked in with a security specialist who had seen offers of 2.2 million credit card numbers for $100,000, along with a claim that the criminals had offered to sell the data back to Sony first.