Home Depot filed a lawsuit this week against Visa and MasterCard over the use of chip cards, which it says does not go far enough to prevent fraud. In the lawsuit, according to the Atlanta [...]
Over 13 million U.S. citizens fell victim to identity fraud last year, costing financial institutions a total of $15 billion[1]. To better guarantee customer security in 2016, more and more credit unions are [...]
Now that retailers have been ‘encouraged’ to accept chip-and-PIN cards, transactions have become a little more annoying. Until recently we all would have agreed that it was easier to just pull out your card and [...]
After the House Small Business Committee hearing Wednesday about the EMV liability shift, NAFCU President and CEO Dan Berger said retailers’ response to the debate is “disappointing.” The hearing focused on why many small businesses [...]
Though the credit card industry’s self-imposed deadline is Thursday, more than six in 10 American card holders still don’t have chip-enabled credit cards in their wallets, and retailers are nowhere near ready, according [...]
Adoption of chip-and-PIN and chip-and-signature technology -- also known as EMV -- remains slow among U.S. retailers despite a major EMV deadline just one month away. The recent deployment of EMV (Europay, MasterCard Visa) [...]
Does your financial institution offer a credit or debit card program to your members/customers? If so, you should be looking into implementing Chip-and-PIN card technology prior to October 1, when the card associations’ new [...]
The time for a chip card game plan is now. by: Michelle Thornton Last Thursday–International Credit Union Day 2014–offered an opportunity to reflect on the growth of the credit union movement globally. One [...]
by: Henry Meier When a President has to react to a serious problem but doesn’t know what more he can do to solve it, he appoints a “Czar” as in a “Drug Czar” or “[...]
by: Anita Campbell President Obama today signed an Executive Order launching the new BuySecure initiative, to help businesses and consumers keep financial data secure. The initiative is designed to reduce identity theft. And there’s [...]
by Matt Brownell Earlier this month, federal prosecutors unsealed an indictment charging several men with bank theft on massive scale. According to prosecutors, the thieves loaded stolen account data onto magnetic stripe cards, which they [...]
