Visa Articles

Your VISA credit card could be compromised with a single guess

  • 06/12/2016 at 02:13 by It's a Gadget Staff
  • News

Credit Card HackersVISA has claimed for some time to be doing everything in their power to secure online payments and accounts from hackers. But now a paper is claiming that a major security flaw may not exist from any fancy magnetic device, or backdoor phishing expeditions. It could be as simple as a quick guess from would-be thieves.

The paper, titled Does The Online Card Payment Landscape Unwittingly Facilitate Fraud? , was released by Newcastle University. In it, the UK based researchers claim that hackers can gain access to financial data in less than ten seconds. And it doesn’t even require anything major to do it.

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VISA’s contactless credit card has a security flaw

  • 06/11/2014 at 23:34 by It's a Gadget Staff
  • Technology

Security KeyResearchers at Newcastle University claim to have found a security flaw in the new VISA contactless credit card released in the UK, which the company is pressing to be fully adopted by businesses accepting VISA by 2015.

According to the report, the researchers found that thieves could potentially create a ‘pocket reader’ that could be passed over a wallet laying on a surface, or bumped into someone’s purse or pocket, and charge withdraw funds from the card. They found that they were able to perform this theft with only a couple seconds to confirm the transaction.

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Verizon’s Galaxy Nexus Phone will lack Google Wallet

Verizon Google Galaxy NexusVerizon is blocking Google from the carrier’s version of the Galaxy Nexus, set to be released next week in US. Although Google assisted Samsung in the phone’s development, the search engine giant’s mobile payment system will not be functional on Verizon’s version of the phone, at Verizon’s request.

The news was not well received by Android fans. They had hoped to see the Samsung Galaxy Nexus, the first smartphone released with Ice Cream 4.0, released onto the market with full functionality.

A representative of Google revealed to CNET that Verizon requested the feature be disabled in the product. However, whether this request is related to Isis, a joint venture between Verizon Wireless, T-Mobile USA, and AT&T, or not is still mere speculation. The trio of carriers announced Isis last Summer as their new mobile payments company, but Google beat them to the punch.

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