Posted on 17th Oct 2013 by Philippe Benitez
Recently the CBA (Commonwealth Bank of Australia) came forward with a vital lesson learned from their migration to contactless payments: get the education piece right, and you’ll pave the way for a faster, smoother contactless migration. According to one CBA official, contactless migration in Australia was weighed down by lack of education and poor change […]
Posted on 7th Mar 2013 by Philippe Benitez
EMV in the United States is here. Secure, chip-based EMV credit and debit cards are now the new way to pay, and magnetic stripe cards will eventually become a thing of the past. (It’s long overdue; the Central Bank of China recommended that banks stop issuing magstripe cards after 2012, and the European Central Bank has been […]
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 13th Nov 2012 by Gemalto
Security or convenience? It’s an age-old question in the security world. But in parts of the USA people like you or me can have easy access to both. As part of our mini-series on Digital USA, I want to take a look at automotive innovation and how digital technology is transforming the transport industry to […]
Posted on 8th Nov 2011 by Gemalto
The Credit Union National Association recently reported that, in the month of October alone, more than 650,000 customers joined credit unions – which is roughly equal to all of the customers that moved in 2010 combined. Is this the return of the thrift bank?
Posted on 4th Nov 2011 by Philippe Benitez
As cited in a previous blog post, The Nilson Report has released its annual fraud figures, and they are a bit unsettling. The United States now accounts for 47 percent of global card fraud even though it generates only 27 percent of the total volume of purchase transactions. Why does the US have such a disproportionate percentage of fraud?
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 16th Aug 2011 by Jack Jania
You might recall my blog last month, “When in Rome, Have Your Card Declined,” when I lamented about the United States not following the rest of the world with EMV payment technology. Well, it looks like that is about to change. Last week, Visa announced plans to accelerate the migration to EMV chip technology and the adoption of mobile payments.
Posted on 21st Jul 2011 by Jack Jania
For years, analysts and banking experts have been predicting that countries that move to EMV would likely see a decrease in card fraud; as a result, card fraud would migrate to areas that still maintain mag stripe technology.
Posted on 13th Jul 2011 by Jack Jania
They say “when in Rome, do as the Romans do,” but on my last trip to Rome, that wasn’t so easy. I was in Rome, but unlike the citizens, I could not get cash out of an ATM because my magnetic stripe card wasn’t accepted. Some of the walk-up street access ATMs would only accept EMV chip credit and debit cards.