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...

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


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.

Staples investigating possible data breach

Has POS malware become an 'easy button' for payment card data theft and counterfeiting?

Study: In Europe, low-value cash payments migrating to cards

From 2010 to 2012, the number of card payments in western Europe grew by 15 percent, while in central and eastern Europe, they increased by 82 percent.

MasterCard, Zwipe team up to roll out first-ever biometric contactless payment card

Biometric authentication replaces PIN entry, enabling cardholders to make contactless payments in any amount, unlike current NFC-enabled payment solutions.

Prepaid cards rule in September spending; checks see rare increase

Total dollar volume was up year-over-year, but month-to-month growth slowed slightly as consumers took a breather between back-to-school and Halloween spending.

Global card payment volume tops 200B in 2013

A new study by RBR has found that the number of payments made by card worldwide grew 13 percent between 2012 and 2013.

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