Jeff Hempker

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Could a $20 Device Have Prevented the Target Breach?

February 6, 2014

The Target data breach was not the first mass theft of credit-card information to garner national attention, nor will it be the last. It definitely, however, represents the first time such a case has drawn such intense and widespread interest to the subject of POS encryption. As security experts piece together details of the...
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The Changing Face of Payments Fraud (Part 2)

August 13, 2013

This is the second part of our Q&A on payments fraud with Sean Trundy, co-founder of the document and currency security firm Fraud Fighter. In Part 1, we covered online card fraud, currency counterfeiting, and the evolution of fraud as new technology has become available. Click here to read the full article. This time,...
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The Changing Face of Payments Fraud (Part 1)

July 24, 2013

In the past decade, financial fraud has changed more than it did over the entire previous century, and for that matter, perhaps more than it did over the entire history of banking. The Internet has opened the doors to countless new types of schemes, and the proliferation of computing and imaging technology has turned the stereotypical...
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UWCU’s Mobile RDC Without a Mobile App a Step in the Right Direction

June 19, 2013

As reported earlier this month by NetBanker, the University of Wisconsin Credit Union just became one of the first — if not the first — financial institutions to offer smartphone-based remote deposit without a native mobile app. To use it, UWCW customers simply go to the credit union’s mobile Web site and follow the...
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Mobile RDC Fees: One for the Psychology Books?

April 19, 2013

Should mobile remote deposit capture (RDC) be free? That’s the question people are asking again after comments made this month by Regions Bank and PNC indicating that they respectively plan to charge for the service, or have at least considered doing so. This may not be the kind of thing that’s going to generate...
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Bluebird Upgrade: Trouble for Brick-and-Mortar Banks, or an Opportunity?

April 2, 2013

Last week, the banking industry raised an eyebrow as Bluebird rolled out a series of changes for its prepaid cardholders, including FDIC insurance, check writing, and a higher maximum balance of $100,000. The obvious (and probably correct) conclusion reached by many was that the American Express/Walmart backed operation was trying to become more like...
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