1Link, JCB debit partner up in Pakistan

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

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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


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.

Payment security concerns will influence holiday shoppers, study shows

More than one-quarter of US consumers will not buy at a store that has experienced a cyberattack if they can find the same product elsewhere, a KPMG study reveals.

Asia-Pacific takes over No. 1 spot as largest EFTPOS region

New research from London-based strategic research and consulting firm RBR shows that the installed base of EFTPOS terminals in the Asia-Pacific region expanded by 30 percent in 2013, putting the region in first place ahead of North America, which grew...

Report notes rising consumer demand for new debit services

One of the top items on consumers' wish list is enhanced security — and it's important enough that many are willing to pay for it.

15 frightening ways Americans endanger their financial data

Are consumers careless about protecting their personal data — or are they simply convinced that nothing they do will make a difference?

EMV solution from CPI serves small, medium issuers

EMVReady was developed to support small and medium-size card issuers in the U.S. as they migrate to EMV.

Home Depot releases new data breach details

In addition to payment card data, cyberthieves stole separate files containing approximately 53 million email addresses, the company has now disclosed.

It's November — peak season for card fraud

Criminals Christmas-shop, too. Data analysts at Feedzai say last November was big for fraud, but this November will be bigger yet.

Card data theft the No. 1 worry among Americans, Gallup poll says

Gallup found that 69 percent of Americans worry about having card information stolen in a retail data breach — and suggested that this fear could increase reliance on cash.

FIS, CSCU team up to extend fraud protection solution to CUs

Compromise Manager promises timely card blocking, reduced administration costs, and automated cardholder alerts for small and midsize credit unions.

Instant issuance yields big boost in exchange revenue for New Jersey FI

First-month payment card exchange revenue increased 7.32 percent year over year at Atlantic Stewardship Bank after it implemented Card at Once.

New report examines emerging payments in Africa

With new technologies, a growing middle class, government initiatives, and many drivers towards greater inclusion, Africa’s payment systems are changing rapidly.

Pulse forms consulting group to serve FI needs

Pulse InSights will offer strategic services to banks and credit unions, with a focus on card portfolio performance, branch maximization and customer outreach.

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