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Issuers confront card fraud and account takeover in a post-EMV US
Card fraud is a multibillion-dollar moving target that continues to become ever more complicated for issuers due to the introduction of new channels and products. In fact, over the last year the rate of fraudulent new account openings increased 113%, according to Javelin’s 2016 Identity Fraud report. Confronted with the implications of the US EMV [...]
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Second retailer sues visa over PIN transactions
Kroger is to join Wal-Mart and sue Visa over debit-card PIN transactions, saying the payment network has levied fines against it and threatened to raise fees and cut off its acceptance of debit cards if the grocery chain doesn’t allow customers to verify purchases with a signature instead of a personal identification number. The lawsuit represents the [...]
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Fraud: Driving US EMV migration
It is no understatement to say that the journey to US EMV migration over the last decade has been bumpy, with several false dawns – yet a new report Driving EMV migration in the USA shares some very interesting insights into the current state of play. The arrival of the shift in responsibility for revenue losses from chargebacks [...]
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only 37% of US merchants EMV ready – four months after the liability shift
The Strawhecker Group (TSG) has released survey results that estimate 37% of US merchant locations are EMV ready four months after the October 1st, 2015 liability shift. TSG’s previous survey of payment processors and other payment providers completed last September estimated that over 40% would be EMV ready by this time, showing a slower pace [...]
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US EMV activity rising steadily
US EMV activity rising steadily, but some industry observers bemoan the slow EMV adoption in the United States since 2015.
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