PSCU to start members' EMV debit activations with First Data in June

The company said it is the first CUSO certified to issue its members EMV-enabled debit cards for the First Data Debit Solutions platform.

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How to attract accounts (and keep them) with mobile card services

In a mobile banking world, the place to be is top-of-wallet. A March 26 webinar will share insights on how to get there — and stay there.

EMV, encryption and tokenization: the payment fraud 'holy trinity'

Taken together, these three key pieces of security technology can ensure that the good guys continue to stay one step ahead of the fraudsters.

Fed study finds that ATM, debit might be safer than credit cards

In 2012, PIN debit card transactions - including both purchases and ATM cash withdrawals - had the lowest fraud rates among general-purpose cards by both number and value.

Will mobile card readers dethrone cash?

Total cash volume in POS transactions fell 10 percent from 2012 to 2013, while mobile and prepaid card payments surged. A sign of things to come?

Fed study fills in the numbers for ATM transaction volumes and values

A study by the US Federal Reserve indicates that Americans are making fewer trips to the ATM, but taking out (or depositing) more cash when they do stop by.

The 'cashless street': useful experiment or shameless PR stunt?

Who benefited from the one-day, cash-free tryout in a Manchester, UK, shopping district? We can give you a hint: It wasn't the customers or the merchants.

7 steps to minimizing data breach fallout, part 2

In my previous post, I shared four of the seven steps financial institutions can take to prepare for and respond to a data breach affecting their cardholders. Here are the remaining three: Core maintenance.

7 steps to minimizing data breach fallout, part 1

Many financial institutions have felt the sting of recent breaches — and there could be more to come. Dealing with the aftermath is frustrating, time-consuming and, in some cases, costly. Fortunately, community FIs can take steps to prepare for the next time hackers and fraudsters successfully victimize the industry.

Fed study spells out importance of cash to consumers

A study of US consumer spending preferences reveals strong cash use across all incomes and age groups.

Will consumers change behavior because of data breaches?

New research indicates many consumers have altered their shopping behavior as a result of recent far-reaching retail data breaches. Specifically, data analytics company Feedzai's "2014 Consumer Reaction to Financial Data Breaches Study" found that 22 percent of shoppers who were...

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NEWS


Central Bank of Oman, FSS partner to create national payment gateway

OmanNet Payment Gateway will process national debit transactions and enable merchants in the sultanate to offer e-commerce services.

Hackers exploit Starbucks mobile payment app

The issue goes back as far as December, according to a published report.

FIS works with industry groups on EMV migration for merchants

FIS said its Clear2Pay open test solutions played an important role in creating the U.S. EMV VAR Qualification Program.

More than 2B chip cards ship in 2014, driven by demand in US, China

Implementation of EMV in the two countries has caused the number of cards shipped to more than double within three years.

Alaska USA FCU, FIS partner on payment initiatives

FIS will provide ATM driving, EFT processing, card production, and a number of related services.

FSS, Entrust Datacard to deliver instant card issuance in India

Together, the companies will offer instant, in-branch card issuance solutions to support social security and financial inclusion initiatives across the country.

FIME aligns terminal integration services, tools to new MasterCard M-TIP 2.0 spec

Following its terminal integration process update, the company says it can now accommodate testing for contact, contactless and dual-interface scenarios.

Instant issuance solution eases EMV bankcard transition for smaller FIs

The solution allows users to upgrade or install an EMV-compatible instant issuance program that includes card personalization, procurement, onsite printing and customer support.

It's contactless! It's compostable! Danish bank to issue biosourced NFC smartcards

The new cards — from Gemalto's Optelio range — are manufactured from a corn-based material that is 100 percent biodegradable and carbon neutral.

EMV Migration Forum publishes paper on EMV PIN change at ATM

'Implementing EMV at the ATM: PIN Change at the ATM,' provides guidance for deployers thinking about adding the facility for PIN change at the ATM.

Payment card fraud trends and stats examined in new report

The Mercator report discusses fraud rates by type, including counterfeit card, lost or stolen card, card ID theft, intercepted mail, and card-not-present.

Accel debit network completes its first tokenized transactions

The ability to accept tokenized transactions will allow Fiserv clients on the Accel network to accept debit payments via Apple Pay.

Study finds 330 million payment cards 'in the clear'

More than 6 in 10 businesses store unencrypted cardholder data, SecurityMetrics says.

Card issuers reluctant to leapfrog merchants on EMV migration

Banks hesitate to put chip cards in customers' hands if retailers haven't upgraded their terminals to process them.

India's central bank drafts contactless guidelines

NFC payments up to 2,000 rupees ($32) in value would no longer require two factor authentication under the proposed rules.

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