Payments Source

APRIL 13, 2016

If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by.

Compliance 63

Compliance Chip Cards Breach EMV 63

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. “It keeps getting worse every year,” he said.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

JUNE 20, 2016

It’s been a tough road on the way to EMV terminal deployment here in the U.S. To that end, MasterCard is announcing today that it is reducing the volume of tests that it requires of terminals before bringing them into the field as certified to enable chip card payments.

EMV 45

EMV Visa Chip Cards VARS 45

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts.

EMV 80

EMV Online and Mobile Banking Credential Chip Cards 80

PYMNTS

JUNE 6, 2016

The merchant-card network relationship can be complicated. It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. The EMV Tipping Point. Whatever assumptions merchants had made about whether EMV would or would not be leapfrogged by other technology immediately vanished.

EMV 43

EMV CHIPS Chip Cards Issuers 43

PYMNTS

JUNE 16, 2016

. “Regardless of how the cardholder’s identity is confirmed, the chip makes data much more secure, rendering it almost useless to create fraudulent cards or transactions,” MasterCard spokesman Seth Eisen said in a statement on Wednesday (June 15). Home Depot’s 2014 data breach at stores in the U.S.

Chip Cards 43

Chip Cards CHIPS Visa Security 43

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. It’s not all good news.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

OCTOBER 19, 2016

I recollect a year ago being a lot more bullish that the EMV rollout would roll out the red carpet for mobile payment adoption, and it really hasn’t played out that way,” said Tony Rose, Vantiv’s director of product management. On top of that, there is the trust issue for the consumer every time a new security breach pops up.

Mobile Payments 79

Mobile Payments EMV Payments Breach 79

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. in 2016.

CHIPS 41

CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

JULY 21, 2017

If a data breach is a sprint — where a fraudster grabs as much data as he or she can, as quickly as possible, in an effort to maximize ill-gotten gains — the fight against fraud is a marathon. European countries led the adoption of EMV, with 86 percent of cards and 99 percent of transactions complying with EMV rules.

Chip Cards 46

Chip Cards EMV CHIPS Issuers 46

PYMNTS

JUNE 19, 2016

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. Home Depot – Another EMV Lawsuit Joins The Party . Because in the U.S. 05 more, on average.

EMV 40

EMV CHIPS VARS Push-to-Card 40

PYMNTS

FEBRUARY 10, 2017

Just when payment card data seemed somewhat protected by EMV technology, hackers have found yet another way to steal information and gain access to PINs. The research showed that during 2016 there was a resurgence in existing card fraud, which saw an increase of 40 percent in card-not-present fraud. A large chunk of U.S.

Account Takeovers 56

Account Takeovers CHIPS Chip Cards FFIEC 56

PYMNTS

JULY 27, 2016

According to ValuePenguin, it’s likely that credit card fraud will continue to migrate online as EMV chip cards have made it harder for card-present fraud to work. But since then, reported breaches have more than doubled.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

FICO

AUGUST 2, 2018

With the North American chip card deployment, fraud has migrated to “paths of least resistance”. EMV has disrupted a $4 billion industry that seeks to find a new home in application fraud, card not present fraud, and more. In the US today, there is a new identity fraud victim every two seconds.

Identity Theft 40

Identity Theft Chip Cards EMV CHIPS 40

PYMNTS

JANUARY 30, 2017

And chip cards keep eating away at counterfeit fraud — news that might be somewhat more joy-inducing were it not also the case that data breaches hit their all-time high in 2016 as well. Visa had some sunny news about EMV this week. According to Visa, during 2016, the number of Visa chip cards issued in the U.S.

Chip Cards 43

Chip Cards CHIPS Data Breach Breach 43

PYMNTS

OCTOBER 24, 2016

As you close the vulnerability at one area,” such as at the physical point of sale, eliminated largely through EMV cards, that acceleration of chip card adoption in the U.S. .” “Fraud is moving almost as you would squeeze a balloon. has accelerated movement toward what he called the “weaker links.”

ATM 76

ATM Processors Chip Cards Best Practices 76

PYMNTS

AUGUST 18, 2017

Card Not Present Fraud Is A Big Threat. EMV chip cards have made it more difficult and expensive for fraudsters to clone cards, so cybercriminals are focusing on channels where they don’t need to present one — namely, eCommerce. Here are a few of the top things every eTailer should know about fraud in 2017.

Security 52

Security Account Takeovers Chip Cards Cybersecurity 52

The Payments Association

OCTOBER 4, 2024

Cybercriminals are constantly innovating, targeting vulnerabilities in payment systems to carry out unauthorised transactions, identity theft, and data breaches. While technologies like EMV chip cards (chip & pin), tokenisation, and biometrics have been developed to enhance security, fraudsters continue to adapt.

Online and Mobile Banking 88

Online and Mobile Banking Cross-Border Payments Cross-Border Alternative Payment Methods 88

PYMNTS

DECEMBER 8, 2017

Chip-enabled transactions: Still seeing a steady march of acceptance in the United States. EMVCo says that 59 percent of card transactions are done through EMV chip cards globally. The massive data breach was discovered by Equifax on July 29th, but the company didn’t reveal the hack until 41 days later.

Data Security 40

Data Security Data Breach Breach Security 40

PYMNTS

JANUARY 20, 2017

The latest findings of Research and Markets , titled Card-Not-Present Fraud: The Merchant Empire Strikes Back , eCommerce merchants, particularly in the U.S., are in a perfect storm of rapid online sales growth at the same time that the credit card industry is continuing to transition to EMV chip technology.

Phishing 45

Phishing Ransomware EMV CHIPS 45

Stax

FEBRUARY 28, 2024

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. In simplest terms, payment terminals are the machines used to pay for things using credit or debit cards when you make a purchase in-person. Previously you would swipe your magstripe card in a payment terminal.

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

Payment Savvy

JULY 3, 2024

Tokenization helps minimize the risk of data breaches, as even if a token is compromised, it holds no value without the corresponding debit card information.

Debit Card 52

Debit Card Process PCI DSS Processors 52

FICO

FEBRUARY 5, 2018

However, we’ve now come full circle and are seeing a global resurgence in identity theft (as well as card not present or CNP fraud). This is primarily driven by the large rise in data breaches and the roll-out of EMV and chip cards in the United States.

Best Practices 60

Best Practices Identity Theft Online and Mobile Banking Risk 60

PYMNTS

AUGUST 5, 2016

So, we all know this – chip cards were not going to fix the problem of fraud at the POS. And NCR researchers at the Black Hat conference this week confirmed that story when they presented a way for the bad guys to commit fraud using chip cards. Depends on who you ask. Unencrypted POS Data.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

PYMNTS

MAY 23, 2016

Dick Durbin (D-IL) decided to take on EMV. MCX suffered the dual headline hit of forcing some of its merchants to essentially unplug their Apple (and Android) Pay-compliant NFC terminals, while, at the same time, suffering a minor data breach. merchants were able to process EMV transactions as of the date of the liability shift — Oct.

EMV 43

EMV Mobile Payments Push-to-Card Chip Cards 43