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US EMV migration: Chip impact on merchants
As the one year anniversary of the US EMV migration shift to chip approaches new data has been released confirming the positive impact the technology is having on issuing banks and merchants. Chip Impact on Merchants The biggest benefit of chip technology is minimizing the cost of fraud caused, in part, by the use of [...]
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FIS achieves new accreditation with Payment Brands for EMV migration services
FIS announced that it has recieved accreditation by Discover, MasterCard and Visa and is working with other international and national payment brands to simplify the certification process for EMV payment devices such as POS terminals, mPOS Terminals, Kiosks and ATMs. Before a new or updated EMV payment terminal can be introduced to the market, it [...]
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Recent POS malware attacks signal a need for application security for mobile payments
In the past, hackers have most often gone after specific merchants when seeking cardholder information. Recent malware attacks on point-of-sale (POS) vendors, however, may signal a drastic shift in how these cybercriminals operate, and certainly signal a need for application security for mobile payments – writes Thorsten Held, co-founder and Managing Director of whiteCryption. More [...]
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Card payments worldwide set to increase 55% to 417 billion
According to Global Payment Cards Data and Forecasts to 2021, the total number of card payments worldwide increased by 15% in 2015 to 270 billion, almost double the 8% rise in card numbers. The research indicates that consumers around the world are increasingly turning to cards to make purchases. In Thailand, for example, a central [...]
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Ingenico shares suffers after cutting 2016 sales forecast
Underscoring investor skittishness and low tolerance for earnings disappointments, French payments firm Ingenico Group fell nearly 13% in heavy volumes, after the cutting its full-year targets in the wake of a “sudden and significant decline” in US sales. In the trading update note, the company stated, “In recent weeks Ingenico Group has been facing a [...]
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