Posted on 04 November 2011 by
As cited in a previous blog post, The Nilson Report has released its annual fraud figures, and they are a bit unsettling. The United States now accounts for 47 percent of global card fraud even though it generates only 27 percent of the total volume of purchase transactions. Why does the US have such a disproportionate percentage of fraud?
Posted on 01 February 2012 by
This week the payments industry got news that many of us were hoping for: MasterCard is joining Visa in support of EMV in the United States. In a statement issued this week, MasterCard introduced its US roadmap from magnetic stripe cards to EMV chip cards, and beyond to mobile payments and much more. While the […]
Posted on 29 February 2016 by
And the winner is…. See more results from our EMV for a Week social media challenge.
Posted on 28 August 2013 by
To continue our discussion about popular myths and misconceptions about EMV payment cards, let’s talk about card-not-present (CNP) fraud – the kind where the merchant never sees you or your card. In other words, the merchant never verifies that the person making the transaction is the legitimate cardholder by checking the signature or seeing that […]
Posted on 24 September 2013 by
In its recently released Hype Cycle for Financial Services Payment Systems report, Gartner gave warning of increasing payment card fraud in the U.S., highlighting EMV (‘chip and pin’) payment cards as the preferred solution. According to Gartner, “U.S. banks should recognize that fraud will likely increase exponentially and with little warning. They should develop an EMV-centric […]
Posted on 17 October 2013 by
Recently the CBA (Commonwealth Bank of Australia) came forward with a vital lesson learned from their migration to contactless payments: get the education piece right, and you’ll pave the way for a faster, smoother contactless migration. According to one CBA official, contactless migration in Australia was weighed down by lack of education and poor change […]