Visa finally gets on board with optional credit card signatures


As more and more credit card companies announced an end to the need for signatures on credit and debit card receipts, major player Visa kept holding out. Until today.

Finally, Visa announced Friday it was making signatures “optional” in North America starting in April.

Visa’s move, which keeps signing an option for now, is a little different to MasterCard, Discover, and American Express who are straight-up eliminating the need for something on the dotted line. But it’s essentially dumping signatures unless retailers decide they still want one. Read more…

More about Security, Visa, Signatures, Biometrics, and Credit Cards


Visa is bribing small businesses to stop accepting cash


The future is cashless — especially if Visa has anything to say about it. 

The credit card and payments company is urging restaurants to stop accepting cash with its new Visa Cashless Challenge, which comes with a $10,000 prize. 

“At Visa, we believe you can be everywhere you want to be, and that it should be easy to pay and be paid in more ways than ever, whether it’s a phone, card, wearable, or other device,” Jack Forestell, Visa’s head of global merchant solutions, said in a statement. “With 70 percent of the world, or more than 5 billion people, connected via mobile device by 2020, we have an incredible opportunity to educate merchants and consumers alike on the effectiveness of going cashless.” Read more…

More about Visa, Cashless, Payments, Fintech, and Business


Why Trump’s latest speech is a big deal for Silicon Valley


President Donald Trump was in Wisconsin on Tuesday, but his words probably resonated most in California. 

He announced a plan to overhaul an American visa program that brings tens of thousands of workers and students to the United States every year, many of whom find work in tech-related jobs in Silicon Valley.

“American workers have long called for reforms to end these visa abuses,” Trump said. “They should never, ever be used to replace Americans.”

The United States admits 85,000 people into the country each year on H-1B visas, 20,000 of whom are graduate student workers. But Trump says companies exploit the system to the disadvantage of American workers.  Read more…

More about America First, Hired, H 1b, Visa, and Jobs


Study: Hackers can get your credit card info in 6 seconds just by guessing it


In troubling news, a paper from researchers at Newcastle University in the UK claims that Visa’s credit-card payment system can be compromised online in “as little as six seconds.” The security flaw was possibly the point of entry for the cyber-attack on the UK’s Tesco Bank that lost £2.5 million.

This isn’t some high-level hacking going on here either — all it takes for a determined thief to grab a treasure trove full of card data is a laptop with an internet connection and some basic guesswork, the paper says. 

The team of researchers, led by PhD student Mohammed Ali, call the method “the Distributed Guessing Attack.” It’s a simple approach: a thief generates random numbers to guess combinations of card numbers, expiration dates and CVV codes (that three-digit number typically found on the back of the card). The video below demonstrates just how easy it is to generate all of these fields quickly: Read more…

More about Hackers, Fraud, Online Security, Visa, and Tech


4 Hacks to Make the Most Out of the GoodVybes Festival

There’s only a few hours left until the GoodVybes Festival begins. Are you excited? Have you decided what to wear yet with the help of┬áthe ladies from The Love Club? And more importantly, are you prepared to sing and dance the whole day? But wait, let’s slow down for a moment. Before the show starts, […]

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