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All Penny News: Posera HDX Signs LOI to Acquire Terminal Management Concepts to Expand Its Footprint in EMV Card Business


Mississauga, ON -- (SBWIRE) -- 06/19/2014 -- Media, Inc. ( announces its latest article titled “Posera HDX Signs LOI to Acquire Terminal Management Concepts to Expand its Footprint in EMV Card Business.”

Companies mentioned in this article include Posera-HDX Ltd. (TSX:HDX).

Article Excerpt:

Credit card theft is a major problem worldwide with the digital world that we now live in leaving countless consumers subject to exploitation. Companies have searched for answers, including P.F. Chang’s recent move to send out vintage credit card imprinters – the old school ones that involved mechanically swiping the device over the card, creating several copies – after customer’s credit card information was stolen. Those old enough will remember when the big threat at that time was someone getting ahold of the carbon copies from those transactions. Before the world has to go too retro, it’s clear that there is demand for more secure forms of payment processing, which are coming…and coming quickly.

The magnitude of credit card info theft in the U.S. alone is staggering as brazen hackers regularly crack into leading companies. In 2007, hackers tapped into Heartland Payment Systems, stealing some 130 million credit card numbers. Those same hackers were attributed for the 2011 breach at Global Payments involving more than one million accounts and costing the company nearly $100 million. These were only a few of the thieves’ criminal activities, as they also hit Commidea Ltd. (30 million credit cards), Hannaford Brothers (4.2 million credit cards) and Euronet (2 million credits cards), to name just a few. Other big name companies have also be victims of “hacktivist” networks, such as Adobe (150 million credit cards), TJ Maxx (46 million credit cards) and TRW Information Systems (90 million credit cards) and Target (110 million credit cards).

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