PYMNTS

AUGUST 9, 2017

Today, the most encrypted way to transact is by Europay, Mastercard and Visa (EMV) chip cards. Any credit card with a chip is capable of tap-to-pay transactions in an EMV-enabled POS setting, but, more often than not (at least in the U.S.), It’s as encrypted as an EMV chip card, yet can be processed in under two seconds.

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Consumer Point-of-Sale (POS) Chip Cards CHIPS 80

PYMNTS

AUGUST 15, 2018

can now process chip cards in just two seconds on Square Reader, for contactless and chip, and Square Register. Since chip cards arrived in the U.S., Square sellers don’t need to compromise performance to reap the benefits of newer, more secure technology like EMV.”.

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EMV Transactions Chip Cards CHIPS 40

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. properties were compromised by a malware attack.

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Account Takeovers CHIPS Chip Cards FFIEC 56

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. Want to learn why application fraud is on the rise?

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Identity Theft Chip Cards EMV CHIPS 40

PYMNTS

OCTOBER 24, 2016

News earlier this month that compromises at ATMs (read: fraud) were at the highest levels in 2015 than had been seen in years (according to FICO) brings back some concerns over how strong security is, or isn’t, at the point of cash dispensing. .” You don’t really have to worry about those anymore.

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ATM Chip Cards Processors Best Practices 76

PYMNTS

JULY 27, 2016

West Virginia, Iowa, Idaho and Kentucky rounded out the top five states with the least amount of reported credit card fraud. 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.

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Credit Cards Federal Trade Commission Data Breach Identity Theft 43

PYMNTS

JUNE 7, 2017

UnionPay mobile QuickPass supports NFC contactless payment with UnionPay chip cards, smartphones and wearable devices. The standard specifications for QR code payments is simple to set up and use, giving consumers and merchants more options for electronic payments without compromising on security or convenience.

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Chip Cards Visa Contactless Payments On-Demand 41

PYMNTS

FEBRUARY 23, 2016

retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct. According to the report, only 37 percent of U.S.

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EMV CHIPS Chip Cards Push-to-Card 41

PYMNTS

SEPTEMBER 30, 2019

Online clothing reseller Poshmark recently announcing that it will postpone its initial public offering (IPO) following a data breach that compromised an unknown number of consumers. Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent. Globally, the industry loses $30.3

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Chip Cards CHIPS Authentication Accreditation 40

PYMNTS

JANUARY 20, 2017

The attack, Forbes reported, employs fairly sophisticated automation to swiftly take over newly-compromised accounts as soon as a victim submits his or her password. After gaining access to a compromised account, the criminals begin gathering information in order to launch secondary attacks across the victim’s network.

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Phishing Ransomware EMV CHIPS 45

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. Upsell rates are gathering steam, up 60 percent year over year, as consumers continue to buy from the same brand, leveraging Echo.

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Data Security Data Breach Breach Security 40

PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . As our lives become more digital by the day, our digital footprints grow, as does the possibility for compromised identities and security hacks.

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EMV Checks CHIPS Authentication 42

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. 2FA verifies that only authorized users can complete transactions, even if their debit card information is compromised.

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Debit Card Process PCI DSS Processors 52

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.

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

PYMNTS

FEBRUARY 6, 2018

Barnhardt related that with the advent of chip cards in the United States, fraudsters have been looking for new avenues through which to continue their criminal enterprises. The data is out there now, more than ever before – and, as he said, all stakeholders need to be proactive in the battle.

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Identity Theft Social Security Addressing Consumer 48