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Home Depot Sues MasterCard, Visa Over Chip Card Security

PYMNTS

Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. than cards used in Europe and elsewhere in the world. Even with chips, U.S. Home Depot was targeted in a wave of data heists that began with Target’s pre-Christmas 2013 attack.

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The Straight Scoop On EMV: One Year Later

PYMNTS

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 There’s plenty of positive data to look at.

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Sizzle Or Fizzle: Bitcoin Busts, Payments Get Faster And The Eyes Have It

PYMNTS

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. This week was the first week of the last full month of summer. Or a Fizzle – because it’s the last full month of summer and everyone is complaining about it being the last month of summer.

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PYMNTS’ Data Dive: Strange Bedfellows Edition — Card Networks, EMV And Retail

PYMNTS

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. the verification method after dipping the chip is still a signature – as opposed to a PIN.

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Hard Knocks Edition: MCX, EMV And Square

PYMNTS

MCX coalition members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store — branded plastic cards — to its mobile payments scheme. Back stateside, it was another blockbuster week and just in time for the summer blockbuster season. Need to know more?

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Verifone’s Former CEO Would Make A Buyout Offer For The Right Price

PYMNTS

I’d envision lots of people being interested, including myself,” said Bergeron, who led the company for 12 years as the CEO before getting pushed out on the back of lackluster results in 2013. “I I could raise the capital to buy the company at a week’s notice,” he said in an interview. on revenue of $2.15 billion to $2.17