Datacard, Abanca partner to provide on-the-spot bankcards

With its implementation of a Datacard solution, Abanca Bank becomes the first FI in Spain to offer instant issuance debit, credit and prepaid cards.

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Is tokenization becoming table stakes for mobile payments?

Tokenization is a good move forward as it builds on the gains of PCI and the global adoption of EMV standards.

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


Fiserv mobile app puts card management in the hands of cardholders

CardValet lets cardholders monitor and control how, when and where their card is used — and set limits on spending.

Gemalto to deploy prepaid EMV bankcards in South Africa

The card is certified by the major payment schemes and accepted at more than 27,000 ATMs and 240,000 EMV-compliant POS terminals throughout the country.

CPI sells nonsecure card ops, refines focus on EMV solutions

The divestiture refines a focus on technology payment solutions such as EMV and further concentrates activities in core markets, the company says.

RBR study finds 'significant' potential for contactless in Europe

But to achieve wider acceptance, the technology must overcome the expense of POS terminal upgrades — and the persistent popularity of cash.

EMVCo to develop 3DS 2.0 spec for card-not-present payments

An enhanced EMV 3DS 2.0 specification will support additional data available during the transaction to enable more intelligent risk-based decisioning.

Polish banks confirm plans to launch HCE mobile payments

The FIs will use Visa's cloud-based payment specifications for their apps.

Entrust Datacard releases EMV personalization validation software

The software uses technology by test tool provider Barnes International to validate the chip in EMV cards issued on a Datacard MX Series system.

UL adds new features to payment personalization validation tool

The tool can check any application for EMV cards, secure elements or cloud-based payments according to the latest specs from major card schemes, UL says.

Number of cyberattacks on retailers drops by half, but hit more victims per incident

Criminals still stole more than 61 million customer records in 2014, despite taking off two of the biggest shopping days.

Study: 44 percent of cyberfraud victims can't recover funds

Losses can be significant, too: The average sum stolen by cybercriminals was $218; 18 percent of respondents lost more than $1,000.

Chick-fil-A reports apparent payment data breach

In Jan. 2 announcement about the breach, the company said it was still working to determine all of the facts surrounding the incident.

1Link, JCB debit partner up in Pakistan

The initiative adds to a portfolio of international payment schemes that currently includes Visa, MasterCard and UnionPay.

G&D signs on to Datacard smart card validation program

The program validates and tests G&D chips with Datacard personalization solutions to ensure accurate encoding.

Bebe Stores Inc. confirms payment card data breach

An undisclosed number of records was stolen from customers who used their bankcards at the retail chain's POS terminals between Nov. 8 and Nov. 26.

Discover takes Visa to court over debit card practices

The company has filed a suit claiming that Visa engages in anticompetitive behavior by requiring issuers to use its services for both PIN and signature debit.

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