UL announces its Collis Brand Test Tool qualified by Discover

UL has announced that its Collis Brand Test Tool is qualified by Discover for acquirer end-to-end testing of both contact and contactless payment terminals.

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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


MasterCard plans $20M spend to fight cyberthreats in 2015

Cybersecurity measures such as biometric protection for mobile apps and early warning alerts on potential threats lead spending priorities.

Visa to eliminate 16-digit account number for remote purchases

The move expands the company's Visa Token Service, which is intended to protect sensitive card information.

Co-op Financial Services to purchase Covera

Covera currently provides 248 credit unions and their members with credit, debit, ATM and prepaid card solutions.

Brits keen on contactless, UK Cards Association says

Spending on contactless cards trebled in both volume and value over the last year, according to figures from the group.

Pulse unveils revitalized logo

The updated design aims to identify the ATM and debit network more closely with its parent company, Discover Financial Services.

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.

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.

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