EMV cardmaker CPI to acquire instant issuance provider EFT Source

The move will formalize a working partnership between the two companies that goes back more than 15 years.

FEATURES


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...

Instant card reissuance valuable in a world where real-time reigns

In light of recent retail data breaches affecting millions of consumers, the logistics of card reissuance has come to the forefront for many financial institutions. As we all know, when consumer perception is mired, it can be detrimental to an...

Card evolution: A bridge between plastic cards and mobile phones

Among the hundreds of new payment technologies popping up around the world, one in particular has caught my eye. Called Coin, it's a single plastic card that allows a consumer to load up to eight other cards. As someone who...

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NEWS


What can 'Brown' do for data theft victims?

The UPS Store has notified customers of a potential data compromise occurring at 51 franchised locations between Jan. 20 and Aug. 11.

Indictment of Russian for card data theft 'a serious warning to cybercriminals'

Among other crimes, Roman Valerevich Seleznev is charged with operating carding forums — websites where criminals gather to sell stolen credit card numbers.

Group forecasts issuance of 575 million chip cards in US by end of 2015

Estimates from nine major banks in the Payments Security Task Force indicate significant momentum behind the adoption of EMV-enabled chip cards in the US, Visa says.

First Data SpendTrend analysis: Credit cards tops in payments for July

The dominance of charge purchases reflects consumers' preference for credit when it comes to big ticket purchases like air travel and hotels.

Target takes a Q2 hit of $148M in costs from data breach

The figure includes estimated probable losses for what the company believes to be 'the vast majority of actual and potential breach-related claims,' including claims by payment card networks.

China drives 27 percent growth in EMV, contactless card shipments

EMV migration in the U.S. and the increasing adoption of contactless payments in Europe are also growth factors, says new data from ABI Research.

Oberthur develops America's first Durbin-compliant MasterCard-certified debit card

The company's Cosmo v5 M/Chip Multi-Application is enabled for use on two unaffiliated debit networks as required by law in the United States.

Russia retracts demand for massive security deposits from Visa, MasterCard

The government has dropped its requirement that the companies put up an estimated $2.9 billion in security deposits, but some restrictions still apply.

Judge says retailer fee complaints vs. Visa, MasterCard can move forward

A US District Court judge has ruled that retailers who opted out of last year's settlement with Visa and MasterCard over surcharge fees may sue the card companies separately.

Big data for debit: Marketing tool or money pit?

A new research note answers questions asked by retail bankers and debit issuers who wonder whether - and how - they can benefit from big data analytics.

Collis Brand Test Tools OK'd for Visa payWave

UL has announced that its Collis Brand Test Tool has been confirmed by Visa to simulate the newest Visa qVSDC device module. Test cases are also included in the tool. The Visa qVSDC Device Module provides Visa payWave acquirers a...

Prepaid cards No. 1 in growth for June

Prepaid cards took the biggest hike of any noncash payment method in June in terms of dollar volume — barely, beating out credit by just one-tenth of a percent.

Study: 61 percent of data theft victims subsequently experience fraud

The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more. In a new survey of identity fraud victims, 61 percent of respondents reported that breached information was used to commit...

First EMV-compliant ATMs certified in Japan

Driven by increasing numbers of visiting travelers, Japan's Aeon Bank Ltd. has become the first FI in Japan to deploy ATMs that support secure EMV chip card transactions.

Pulse debit study forecasts rise in EMV issuance, decline in ATM use

The Discover-owned network's 2014 Debit Issuer Study reveals increased debit use, a renewed focus on fraud prevention and EMV issuance, and sustained growth in debit as FIs promote the use of cards over cash.

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