Posted on 27th Feb 2014 by Philippe Benitez
The way that we make credit card transactions is going to change as EMV cards become more common (those are credit cards with a chip). In the U.S. we’ve become accustomed to making a credit card transaction with a swipe. But EMV cards aren’t swiped. Instead, they are “dipped” into the payment terminal, and left […]
Posted on 29th Jan 2014 by Philippe Benitez
EMV payment technology has finally gotten its big break in the US in the way of national news coverage. After several recent high-profile payment card data breaches, more Americans have started to ask whether it’s time for the US to abandon magnetic stripe payment technology in favor of more secure EMV. Yes, it’s time. For more […]
Posted on 24th Sep 2013 by Philippe Benitez
In its recently released Hype Cycle for Financial Services Payment Systems report, Gartner gave warning of increasing payment card fraud in the U.S., highlighting EMV (‘chip and pin’) payment cards as the preferred solution. According to Gartner, “U.S. banks should recognize that fraud will likely increase exponentially and with little warning. They should develop an EMV-centric […]
Posted on 16th Jan 2013 by Jack Jania
Card fraud costs people in the European Union around €1.5 billion a year, according to European law enforcement agency, Europol. The criminal market is dominated by “well-structured and globally active organized crime groups (OCGs)” perpetrating illegal transactions. This may understandably worry some of our European-based readers, yet the report also finds that “the majority of illegal […]
Posted on 12th Jun 2012 by Paul Beverly
The internet will only get bigger and better. Or, that’s an impression you get from reading some of the reports compiled by the likes of Boston Consulting Group, McKinsey and any of the organizations looking at the impact of the Internet on our future economies. These reports are looking at the future of our economies, […]
Posted on 3rd Apr 2012 by Jack Jania
In what is undoubtedly one of the biggest stories to hit the payments industry so far this year, Global Payments has confirmed that it was the victim of a data breach in January and February which compromised the security of millions of credit card details. As reported by Brian Krebs on Friday, the breach affects […]
Posted on 13th Oct 2011 by Ken Abbott
Video interview with Jack Jania, SVP Secure Transactions in North America, discussing the push and pull factors which now guarantee EMV adoption in the US.
Posted on 12th Oct 2011 by Tim Cawsey
Mobile banking is a high priority for financial services organizations especially with the arrival of the Internet generation. Mobile services are now moving away from a stripped down version of the banks’ web sites but towards an app-based approach. What does this mean for banks and what will be the impact of the arrival of NFC?
Posted on 1st Sep 2011 by John Ahlberg
Using secure eBanking devices reduces online fraud because a hacker cannot access (or take) money from your online banking accounts using only your stolen login information. The hacker would also need the device, a smart bankcard and reader or a secure USB token. Still not convinced you should use secure eBanking devices? Read on!
Posted on 8th Aug 2011 by Ken Abbott
Alain Martin explains how instant card issuance, custom or personal photos on bank cards and PIN services over mobile phones add up to happier customers and better loyalty.