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Is it time for a new credit card machine?

Cardfellow

Data breaches are expensive and damaging to your reputation, so its important to use systems that have the latest security. Other Reasons to Upgrade your Credit Card Machine If your machine isnt slow or regularly crashing, there may still be reasons you want to upgrade your machine. Lack of modern security features.

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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

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Home Depot Sues MasterCard, Visa Over Chip Card Security

PYMNTS

. “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.

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You Haven’t Been Yourself Lately: Digital Identity Trends 2020

PYMNTS

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. Consumers are hardly alone in this.

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Chargebacks Have Merchants Scared Straight (To EMV)

PYMNTS

The EMV certification process is a confusing one to say the least – with merchants having to decide between a myriad of choices and certification methods to figure out the type(s) of certification(s) needed to actually accept EMV-enabled chip cards and to then face the long lines of other merchants doing the same.

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Why US Credit Card Fraud Complaints Are On The Rise

PYMNTS

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.

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Europe, CNP Fraud Trendsetter?

PYMNTS

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.