Intelling is publishing a new Smart Insights Report “mPOS expansion shakes the Point of Sales industry,” that analyzes in detail the dynamics and the specificities of the mPOS business. Mobile POS are a relatively recent addition in the payment ecosystem. After targeting only micro-merchants, mPOS developers are now expanding their offer to target all types of merchants, thus becoming a threat to the traditional POS vendors.
Card fraud within the Single Euro Payments Area (SEPA) increased in 2012 for the first time since 2008, driven mainly by higher internet fraud. The third report on card fraud, published by the European Central Bank (ECB), finds that more efforts will be required to ensure the security of online card payments as internet purchases continue to grow. At the same time, fraud as a share of the total value of transactions remained below the levels recorded between 2008 and 2010.
The EU’s cyber security agency ENISA has launched a new report looking at Cloud computing from a Critical Information Infrastructure Protection (CIIP) perspective, and identifying that Cloud computing is critical given the concentration of users and data and its growing use in critical sectors, such as finance, health and insurance.