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Debit / Credit News & Media

Personalized instant issuance cards a win for China Everbright Bank

September 8, 2014

The first bank in the region to offer instant-issue personalized cards, China Everbright has watched the format rise to the top in terms of popularity.

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EMV cardmaker CPI to acquire instant issuance provider EFT Source

August 25, 2014

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

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What can 'Brown' do for data theft victims?

August 21, 2014

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

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Fed study finds that ATM, debit might be safer than credit cards

by Rebecca Hellmann — Marketing and Sales Coordinator, Welch ATM

In 2012, PIN debit card transactions - including both purchases and ATM cash withdrawals - had the lowest fraud rates among general-purpose cards by both…

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

August 14, 2014

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

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

August 13, 2014

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…

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

August 12, 2014

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

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

August 5, 2014

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

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Will mobile card readers dethrone cash?

by Jim Ghiglieri — Senior Vice President, Corporate Communications, SHAZAM

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?

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China drives 27 percent growth in EMV, contactless card shipments

August 4, 2014

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.

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

August 4, 2014

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.

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Fed study fills in the numbers for ATM transaction volumes and values

by Suzanne Cluckey — Owner, Suzanne Cluckey Communications

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.

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Russia retracts demand for massive security deposits from Visa, MasterCard

July 25, 2014

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

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

July 25, 2014

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…

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Big data for debit: Marketing tool or money pit?

July 18, 2014

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.

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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.

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Collis Brand Test Tools OK'd for Visa payWave

July 15, 2014

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…

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Prepaid cards No. 1 in growth for June

July 14, 2014

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.

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Study: 61 percent of data theft victims subsequently experience fraud

July 1, 2014

The great majority of fraud victims said current data protection requirements are "insufficient" and that government should be doing more.

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First EMV-compliant ATMs certified in Japan

June 26, 2014

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…

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