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Mastercard report 80% EMV chip card penetration in US – fraud down
Mastercard announced that 80% of its US consumer credit cards have chips, representing an 88% increase in chip card adoption since the October 1, 2015 liability shift started to bring EMV-secured payments to the US. The company also sees 1.7 million chip-active merchant locations on its network, representing nearly 30% of the US merchant population [...]
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SIA acquires Unicredit’s emoney processing activities for Italy, Germany and Austria
Unicredit Business Integrated Solutions (UBIS) and SIA have signed an agreement for the sale to the latter – for the sum of €500 million – of the processing activities of around 13.5 million payment cards and the management of 206,000 POS terminals and 12,000 ATMs in Italy, Germany and Austria. UBIS also signed with SIA [...]
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JPMorgan loses claim for fees on jail debit cards
JPMorgan Chase has agreed to pay a total of $446,822 to thousands of ex-prisoners to settle a class-action suit claiming the bank ripped them off with fees associated to their post release, jail debit cards. $10 fees to withdraw money and $2 charges for using non-network ATMs, where part of the claim, according to a filing on Monday in [...]
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Bitcoin price crashes after HK crash
The Bitcoin price crashed yesterday after one of the digital currency’s biggest exchanges revealed it had been hacked and bitcoins stolen. Hong Kong-based Bitfinex announced the security breach and froze all customer accounts late on Tuesday. Bitfinex is the largest dollar-based exchange and third-largest globally behind OKCoin and BTC China, both of which are based in renminbi – according to [...]
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Global Cloud Data Security Study
Despite the continued importance of cloud computing resources to organizations, companies are not adopting appropriate governance and security measures to protect sensitive cloud data. These are just a few findings a Ponemon Institute study titled “The 2016 Global Cloud Data Security Study,” commissioned by Gemalto. The study surveyed more than 3,400 IT and IT security [...]
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