At the time, the “Charge-It” program was considered as an absolutely brilliant innovation. The business owners would deposit customer sales slips at the bank and in turn the bank would bill the customers for their purchases. The creator, banker John Biggins, issued the cards as part of a new program he called “Charge-It.” The inner workings of the program allowed transactions to be made between local business merchants and Flatbush National bank customers. One theory alleges that the original bank issued credit card came from Brooklyn, New York at Flatbush National Bank in 1946. The Encyclopedia Britannica asserts that, “the use of credit cards originated in the United States during the 1920s, when individual firms, such as oil companies and hotel chains, began issuing them to customers.” However, the story delves even deeper as there are several different theories as to how the “credit card” came to be a popular entity in the general public after its original conception. The question is- how did the “credit card” come about? Every person, from the plumber to the corporate Wall Street executive, utilize them in order to smoothly and efficiently conduct transactions for their perspective business pursuits. Credit cards charge interest and are primarily used for short-term financing.” Since their introduction into civilization, they have become one of the primary methods that consumers use to conduct transactions at virtually any establishment, business or institution. According to, a credit card is “a card issued by a financial company giving the holder an option to borrow funds, usually at point of sale. 2 History of Credit Card Security BreachesĬredit cards have become an established and widely-used part of everyday society.
PKWARE JOB REVIEWS SOFTWARE
Firewalls can be used in conjunction with other forms of software such as FireEye for added protection (An Introduction to Firewalls, 2002-2014). Firewalls help businesses and individuals become less vulnerable to intruders and they protect data.
PKWARE JOB REVIEWS ZIP
SecureZIP – software that combines zip and encryption features to ensure data is secured when being transferred (PKWARE, 2014).įirewalls – software or hardware devices that filter information flowing through a network via the internet. This software has a pre-defined rule set that allows for ease of installation and manageability via a browser-based interface (AppliCure Technologies). dotDefender offers the protection needed against hackers, malware, SQL injections and more. FireEye is a supplement to traditional security software and prides itself on protection against advanced cyber threats (FireEye, 2006-2014).ĭotDefender – a plug and play Web Application Firewall (WAF) that offers quality, affordable, protection against common threats. FireEye detected the breach however, there was a breakdown with Target’s US security team (Michael Riley, 2014). There are several software types that can offer this protection to online and brick and mortar retailers:įireEye – a malware detection tool used by the CIA and Pentagon was the software used by Target during its breach. Every time a credit card is swiped, consumers assume they’re protected. The PCI SSC has committed to educating retailers that handle credit card data on the importance of data security (PCI Security Standards Council, LLC, 2006-2014). Retailers have a responsibility to protect consumer data. What types of software are retailers using or not using to secure our data? As we continue to hear the stories unfold, consumers can’t help but wonder how our data is being protected. Target, Neiman Marcus, and most recently, Sally Beauty, all impacted by credit card breaches. We’ve been hearing quite a bit lately about one major risk – security breaches. For detailed consumers, the monthly statement allows one to see everything that was purchased, the date purchased and the amount spent - an excellent tool for record keeping and money management.Īs with most conveniences, there are risks. With the swipe of a card, we can make purchases quick, easy and hassle free. This content was created by students during the Spring 2014 semester.Ĭredit and debit card use have afforded consumers enormous flexibility and convenience.
0 kommentar(er)
