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Why Click to Pay integration is now critical for card issuers

The Payments Association

The card scheme Click to Pay mandate underscores this evolution, making it mandatory for issuers to adopt a more streamlined, card-on-file experience that prioritises security and user convenience. This agility helps issuers remain competitive while optimising resource use.

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Double-Digit ATM Compromise Growth Continues in US

FICO

While data breaches and ransomware grab the headlines, we’re still seeing fraud growth due to ATM compromises in the US. The fraud growth rate has slowed down from the gangbusters surge we saw in 2015, but consumers and issuers still need to pay attention. The number of POS device and ATM compromises rose 21 percent in the same period.

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Card Data Compromised For Buckle Guests Who Swiped Card To Pay

PYMNTS

The company believes that exposure of cardholder data that could be used to create counterfeit cards – including names, addresses, emails and Social Security numbers – was limited, but some credit card numbers may have been compromised. Buckle is now working with card issuers with regard to the incident.

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What Should Merchants Do If They Suspect Credit Card Fraud At Their Business?

Clearly Payments

In the unfortunate event that a merchant identifies or suspects credit card fraud at their business, it is crucial to respond promptly and effectively to minimize potential losses and protect both the business and its customers. Here are specific steps to take if a credit card fraud incident occurs.

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Out of Sight: How Banks Protect Consumers from Credit Card Fraud

FICO

As someone who has worked in fraud detection and mitigation for more than 30 years, I wanted to share some important facts on how banks and card issuers protect their customers from fraudulent transactions: with multiple defenses that are often invisible, and more importantly, often intentionally frictionless. Emphases added.).

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Hacked ATMs Lead to 70% Rise in Debit Card Fraud

FICO

In fact, it’s doubly bad: The number of payment cards compromised at U.S. The number of hacked card readers at U.S. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. Here’s some more details: About 60% of the compromises were at non-bank ATMs, such as those in convenience stores.

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Machine Learning Supercharges Banks’ Efforts To Fight Debit Fraud

PYMNTS

While fraud affects less than 1 percent of all card purchases, consumers who do lose funds from their bank accounts must go through lengthy and often stressful processes to get their money back. ML is a powerful, flexible tool in the fight against cybercriminals who attempt to compromise debit payments. Around The Next-Gen Debit World.