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PoSeidon Malware Is Targeting POS Systems

Researchers at Cisco’s Talos Security Intelligence and Research Group have identified a new type of malware that targets payment card information on Point of Sale (POS)systems.

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POS & PAYMENT PROCESSING MAGAZINE ARTICLES

  • Why RMM Is Right For Retail
    Why RMM Is Right For Retail

    While it requires a different mindset for retail VARs who aren’t used to selling annuity services, remote monitoring and management (RMM) is a service that retail customers need.

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POS & PAYMENT PROCESSING EXECUTIVE COMMENTARY

  • What IT Solutions Providers Need To Know About The U.S. Migration To EMV-Enabled Solutions
    What IT Solutions Providers Need To Know About The U.S. Migration To EMV-Enabled Solutions

    Payment processing is an ever-evolving industry, and this year the U.S. is adopting the chip card standard, also known as EMV (Europay, MasterCard, Visa). EMV is a driving force in the global payments market today, providing the latest and most reliable data security standards.

  • 5 Ways To Win The Best Employees In A Talent Shortage
    5 Ways To Win The Best Employees In A Talent Shortage

    Talent. It’s hard to find and even harder to retain. The more specialized your field, the fewer qualified people there are to select from. And even if you’re fortunate enough to be located in a top tech hub saturated with talent—Silicon Valley, Seattle, Washington D.C., Boston, and Sacramento according to Forbes — you’ll have to work hard to keep competitors from luring away your best players.

  • 3 Ways Payment Methods Can Make An Impact On Customer Experience
    3 Ways Payment Methods Can Make An Impact On Customer Experience

    It wasn’t that long ago when merchants would dictate the form of payment by simply asking, “cash or credit?” as you prepared to make a purchase. Many merchants wouldn’t even take checks because they took too long to process and would often “bounce” or be returned.

  • PCI Compliance Is Just One Piece Of The Puzzle
    PCI Compliance Is Just One Piece Of The Puzzle

    You don’t have to look far to find evidence supporting the necessity of a comprehensive and thorough cybersecurity system for your clients. From the infamous Sony hack to cybercriminals infiltrating Target’s network that absconded with personal information from some 110 million accounts, it’s clear that protecting customers’ data is something to be taken seriously.

  • The Role Receipt Printers Play In A Solution That Enhances Customer Experience
    The Role Receipt Printers Play In A Solution That Enhances Customer Experience

    Generally, one would not expect a receipt printer to fulfill more than the obvious — print receipts. However, a closer look reveals that with some ingenuity, receipt printers can serve a number of roles to maximize a customer’s experience: deploying them at key locations to speed up customer throughput, ensuring accurate plus timely order processing, and keeping clients informed on current transactions or future deals.

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RETAIL-FOCUSED WHITE PAPERS & CASE STUDIES

  • Mobile POS Solution Speeds Checkout And Food Prep Time At Red Mango
    Mobile POS Solution Speeds Checkout And Food Prep Time At Red Mango

    Red Mango started serving frozen yogurt in 2007. Since then, the number of yogurt lovers has rapidly increased, and the company now has over 200 locations in the U.S The menu has also expanded to include items like wraps, salads, juices, and smoothies. In 2014, Red Mango premiered in Puerto Rico, opening four locations in San Juan.

  • The Digital Wallet Opportunity: Beyond The Hype

    What growing consumer comfort with m-commerce means for brick-and-mortar mobile payments, and what merchants must do to respond.

  • Super Taco Super-Sizes Sales And Customer Engagement With Kiosk Solution

    Established in 1991, Super Taco Mexican Restaurants serves authentic, home-style Mexican food that has been recognized by local media as “the best in town.” In addition to preparing food from unique recipes and using only the freshest ingredients, the operator prides itself on valuing its customers and providing the highest caliber of services to patrons of its four locations in the Sacramento, California area.

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POS EVENTS

ETA Transact 15 March 31-April 2 San Francisco

ISC West

Exhibit Hall:

SIA Education at ISC West:

 

April 15-17

April 14 – 16

Las Vegas
Retail Realm April 25-27
Las Vegas
Retail IT VAR Of The Future May 12-13

Las Vegas

NRA Show May 16-19 Chicago
2015 Mobile Payments Conference August 31 – September 2 Chicago
     
     

ABOUT POINT OF SALE (POS) AND PAYMENT PROCESSING

Point of sale (POS) is the place where retail transactions are completed; where payment is exchanged for goods or services. POS is used in many retail industries and many require unique customizations to the hardware and software in order to accommodate their transactions. POS features include scanners, manual and electronic cash drawers, scales, EFTPOS terminals, handheld scanners, touch screens, and many other options. Modern POS systems often act as more than just a system to process transactions by providing inventory management, warehousing, CRM, financials, and more.

In addition to standard on-premise POS systems, modern POS software can be delivered from the cloud in the software as a service (SaaS) model. Cloud-based POS systems can be compatible with traditional POS hardware in addition to mobile devices such as iPads, iPhones, Android devices, and more. Cloud-based POS offers the ability to access data from anywhere there is an internet connection and normally offers faster setup due to it being run remotely.

Payment processing is done by payment processors which are often third party companies hired by a merchant to handle credit card transactions. Payment processors are broken down into two types: front-end and back-end. The front-end processors perform card associations, authorizations, and settlement services while back-end processors accept settlements from front-end processes and move money from issuing banks to merchant banks.

Modern payment processing is usually provided in the software as a service (SaaS) model, giving merchants a single simple electronic portal that allows them to process payments in various forms including recurring payments, web payments, checks, and more all in the same place.

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