Latest news with #EMVCo
Motor 1
08-07-2025
- Motor 1
‘Apple/Samsung/Google Pay Use Tokens Instead:' Woman Reaches for Tap-to-Pay Option at QuickTrip. Then She Takes a Closer Look
Mobile payments are fast, secure, and frictionless, unless you're tapping into the wrong system. One viral video is raising questions about how trust in tech can be exploited, one gas pump at a time. In a recent TikTok clip, St. Louis-based creator Martice (@lovemartice) gives an up-close look at the potential scam that could give billing and payment access to bad actors rather than the honest retailers trying to make purchases as simple as possible. She appears to be at an area QuikTrip. 'We gotta stop doing tap-to-pay at the gas stations,' she warns in the video that's been viewed more than 70,000 times. Beware of Scammers' Stickers The scam at the heart of the video is surprisingly low-tech. A scammer prints a personal payment QR code , usually linked to platforms like Cash App, Venmo, or PayPal, and slaps it on or near a gas pump's tap-to-pay terminal. These decals often mimic the design of legitimate payment prompts, leading distracted drivers to assume they're paying the gas station. Instead, they're unknowingly sending money directly to the scammer. What's worse: when you tap your phone, the payment goes through instantly, but the pump doesn't start. That confusion is exactly what scammers count on. Unlike traditional credit card skimming, which steals and reuses card data, this tactic doesn't compromise your bank account or identity. It simply spoofs your behavior, rerouting your money to someone else while leaving your financial credentials untouched. Legitimate tap-to-pay readers at gas stations are integrated directly into the pump's authorization system, meaning the pump won't dispense gas unless the station's point of sale network verifies the transaction. If you pay a scammer instead, the pump stays inactive, but your money is already gone. While frustrating, this makes the scam easy to detect in hindsight: no gas, confirmation, or transaction on the pump's display. Tokens Enhance Security Tap-to-pay systems, including mobile wallets like Apple Pay, Google Pay, and Samsung Pay, operate on standards developed by EMVCo, a global consortium owned by major payment networks including Visa, Mastercard, American Express, Discover, JCB, and UnionPay. EMVCo sets the protocols for secure contactless and chip-based payments, ensuring data is encrypted and tokenized during transactions. These standards make tap-to-pay transactions resistant to traditional fraud like card skimming. The good news is that contactless payments like Apple Pay, Google Pay, and Samsung Pay are, by design, among the safest forms of payment. These systems use tokenization , which replaces your card number with a unique, encrypted token for each transaction. Even if someone were to intercept it, it wouldn't be reusable. More Scamming Someone Deepfaked Ferrari CEO's Voice and Tried to Scam the Company How I Was Scammed Out Of $200 Trying To Buy My Dream Porsche Worldwide, fraudulent transactions, even including all card-present and card-not-present fraud, make up only about 0.01%–0.05% of daily transactions . This aligns with findings in the UK , where only 0.0151% of total contactless spending was linked to fraud. That said, the security of the technology doesn't eliminate the risk of social engineering, and that's exactly what this sticker scam exploits. You're not being hacked; you're being misled. To avoid this kind of deception , the best defense is awareness and scrutiny. Always take a quick look at the payment terminal before tapping. Legitimate payment prompts will be consistent across pumps and typically part of the pump's design or embedded touchscreen. If you see a paper sticker with a Venmo handle or QR code placed awkwardly on the machine, that's an immediate red flag. Many gas stations offer official apps or loyalty programs, such as Exxon Mobil Rewards+ or Shell's Fuel Rewards, that integrate contactless payment and provide extra security. If something feels off, step inside and pay at the counter. If you do spot a suspicious sticker or believe you've sent money to a scammer, you can file a fraud report directly through the payment platform you used—whether that's Venmo, Cash App, or PayPal. You should also alert the gas station manager so they can remove the sticker and inspect other pumps, and consider filing a local police report. Part of what makes this scam so effective is how quickly and habitually many of us use tap-to-pay. As mobile wallets have become more common, used by 53% of smartphone users in the U.S. as of 2023, so has our reliance on speed and ease over vigilance. Scammers aren't cracking systems or defeating encryption. They're exploiting muscle memory. A fake sticker takes seconds to place and can blend easily with a cluttered pump, especially at night or in bad weather. Motor1 reached out to Martice via direct message and to EMVCo via a website submission form. We'll update this article if either responds. Now Trending 'Watched Too Much Fast & Furious:' MK4 Toyota Supra Evades Police on Highway. Then a Trooper Conducts 'Insane' PIT Maneuver 'Can't Unsee It:' Why Are Drivers Flipping Their Ford Logos Around? Get the best news, reviews, columns, and more delivered straight to your inbox, daily. back Sign up For more information, read our Privacy Policy and Terms of Use . Share this Story Facebook X LinkedIn Flipboard Reddit WhatsApp E-Mail Got a tip for us? Email: tips@ Join the conversation ( )
Associated Press
05-03-2025
- Business
- Associated Press
IXOPAY Launches Payment Account Reference Solution, Deepening Customer Insights in Digital Commerce
PAR provides a single, non-sensitive identifier that connects all transactions tied to a payment account LEHI, UT / ACCESS Newswire / March 5, 2025 / IXOPAY, a leading provider of enterprise-grade payment orchestration, today announced the launch of its Payment Account Reference (PAR) solution, enabling merchants and payment platforms to link transaction data across multiple payment channels and methods. This gives marketing and customer-facing teams unprecedented visibility into purchasing behavior across payment methods, making PAR a powerful tool for delivering the personalized shopping experiences consumers expect. Until now, connecting customer purchases across an ever-increasing number of payment methods has been difficult or impossible for many merchants. IXOPAY's PAR solution, based on the system first developed by EMVCo, restores this visibility, helping merchants build stronger relationships and deliver more personalized experiences-without compromising security. Just as a familiar shopkeeper recognizes every customer, IXOPAY's PAR solution links transactions from the same payment account across all channels and payment methods. It provides a single, non-sensitive identifier that connects purchases made in-store, online, via digital wallets, or with network tokens. This gives merchants a complete view of a customer's purchasing activity while simplifying fraud prevention and reducing compliance burdens-all without handling sensitive Primary Account Number (PAN) data. By restoring this connection, PAR brings the familiarity of Main Street to e-commerce, enabling merchants to engage customers more personally and seamlessly. 'PAR transforms fragmented payment data into actionable insights, fostering deeper customer connections,' said Yasser Abou-Nasr, SVP of Product at IXOPAY. 'It offers merchants a comprehensive view of transactions across all channels, boosting loyalty programs, fraud detection, and reconciliation, while minimizing PCI scope. At the industry level, PAR enhances transparency and interoperability, enabling acquirers, PSPs, and networks to integrate payments more effectively, maintaining security and compliance.' IXOPAY's PAR Benefits Unified Customer Insights - Establish a 360-degree view of customer behavior across all transactions without additional data collection. Loyalty & Rewards Optimization - Link all transactions from the same cardholder account to automate tailored rewards programs without requiring manual sign-ups or loyalty cards. Fraud & Risk Management - Improve fraud detection by identifying repeat transactions from the same cardholder, even across different payment formats. PCI Scope Reduction - Replace PAN data with non-sensitive PAR values, minimizing compliance costs and security risks. Seamless Tokenization Integration - IXOPAY's universal tokenization, combined with PAR, ensures secure, cross-channel processing and transaction tracking without handling sensitive PAN data. PAR will be initially available through a Visa integration in the U.S. and the E.U. beginning March 31, 2025. To learn more, read IXOPAY's new white paper and contact your Account or Client Success Manager, or email [email protected]. Visit IXOPAY's booth at MRC Vegas 2025 (March 10-13, Las Vegas) to learn about the PAR integration and payment orchestration solutions. Also, catch IXOPAYCEO Brady Harris's tech talk at Fintech Meetup (March 10-13, Las Vegas) for insight on optimizing global payments. About IXOPAY IXOPAY is a leading provider of enterprise-grade payment orchestration, helping businesses simplify, secure, and scale their payment systems. In 2024, IXOPAY processed over $35 billion in transactions for customers in more than 30 countries. With a fully integrated platform, tokenization capabilities, and flexible payment optimization modules, IXOPAY enables enterprises to manage payments efficiently across multiple providers. Learn more at
Yahoo
05-03-2025
- Business
- Yahoo
IXOPAY Launches Payment Account Reference Solution, Deepening Customer Insights in Digital Commerce
PAR provides a single, non-sensitive identifier that connects all transactions tied to a payment account LEHI, UT / / March 5, 2025 / IXOPAY, a leading provider of enterprise-grade payment orchestration, today announced the launch of its Payment Account Reference (PAR) solution, enabling merchants and payment platforms to link transaction data across multiple payment channels and methods. This gives marketing and customer-facing teams unprecedented visibility into purchasing behavior across payment methods, making PAR a powerful tool for delivering the personalized shopping experiences consumers expect. Until now, connecting customer purchases across an ever-increasing number of payment methods has been difficult or impossible for many merchants. IXOPAY's PAR solution, based on the system first developed by EMVCo, restores this visibility, helping merchants build stronger relationships and deliver more personalized experiences-without compromising security. Just as a familiar shopkeeper recognizes every customer, IXOPAY's PAR solution links transactions from the same payment account across all channels and payment methods. It provides a single, non-sensitive identifier that connects purchases made in-store, online, via digital wallets, or with network tokens. This gives merchants a complete view of a customer's purchasing activity while simplifying fraud prevention and reducing compliance burdens-all without handling sensitive Primary Account Number (PAN) data. By restoring this connection, PAR brings the familiarity of Main Street to e-commerce, enabling merchants to engage customers more personally and seamlessly. "PAR transforms fragmented payment data into actionable insights, fostering deeper customer connections," said Yasser Abou-Nasr, SVP of Product at IXOPAY. "It offers merchants a comprehensive view of transactions across all channels, boosting loyalty programs, fraud detection, and reconciliation, while minimizing PCI scope. At the industry level, PAR enhances transparency and interoperability, enabling acquirers, PSPs, and networks to integrate payments more effectively, maintaining security and compliance." IXOPAY's PAR Benefits Unified Customer Insights - Establish a 360-degree view of customer behavior across all transactions without additional data collection. Loyalty & Rewards Optimization - Link all transactions from the same cardholder account to automate tailored rewards programs without requiring manual sign-ups or loyalty cards. Fraud & Risk Management - Improve fraud detection by identifying repeat transactions from the same cardholder, even across different payment formats. PCI Scope Reduction - Replace PAN data with non-sensitive PAR values, minimizing compliance costs and security risks. Seamless Tokenization Integration - IXOPAY's universal tokenization, combined with PAR, ensures secure, cross-channel processing and transaction tracking without handling sensitive PAN data. PAR will be initially available through a Visa integration in the U.S. and the E.U. beginning March 31, 2025. To learn more, read IXOPAY's new white paper and contact your Account or Client Success Manager, or email info@ Visit IXOPAY's booth at MRC Vegas 2025 (March 10-13, Las Vegas) to learn about the PAR integration and payment orchestration solutions. Also, catch IXOPAYCEO Brady Harris's tech talk at Fintech Meetup (March 10-13, Las Vegas) for insight on optimizing global payments. About IXOPAY IXOPAY is a leading provider of enterprise-grade payment orchestration, helping businesses simplify, secure, and scale their payment systems. In 2024, IXOPAY processed over $35 billion in transactions for customers in more than 30 countries. With a fully integrated platform, tokenization capabilities, and flexible payment optimization modules, IXOPAY enables enterprises to manage payments efficiently across multiple providers. Learn more at Media Contact: Mills Forni, Verdis, mills@ SOURCE: IXOPAY View the original press release on ACCESS Newswire
