For retailers and card issuers, the push to switch over to EMV and tokenized payments can’t come fast enough, as 2014 saw a spike in the total costs of fraudulent purchases among U.S. retailers, according to a LexisNexis study. One troubling development from the fraud study...
Real-time is the reality of payments and underpins everything from how and when funds are sent and received to how cards are replaced if lost are stolen. In response, Entrust Datacard VP, Ray Wizbowski, says bank branches are now honing in on instant card issuance...
Microsoft has been building better alternatives to passwords into its forthcoming version of Windows, including support for two-factor authentication and biometrics. Now the company is joining forces with the Fast IDentity Online (FIDO) Alliance industry group to spread those technologies to other designs, according to...
According to new research released by the Aite Group, 59 percent of U.S POS locations will be chip compatible by the end of this year. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content...
Over 100 banks worldwide have been hit in a cyberheist that Russian cybersecurity firm Kaspersky Lab estimates could have netted as much as $900 million in stolen funds. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Apple Pay is joining EMV chip-and-PIN as a standard for roughly 9 million Federal payment cards, including debit-card accounts used for distributing Social Security and Veterans benefits, Bloomberg News reported. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...
A Gemalto report showed that more than 1 billion data records were stolen from 1,500 separate hacking incidents in 2014. This is a 49 percent increase from the 2013 figure and a 78 percent increase in the number of records compromised. Get the Full Story...
Visa customers’ lives are about to get that much easier when they are planning to be traveling far from home. Whereas it was once necessary to call the bank before leaving or risk the bank turning off the card for fear of fraud at the...
The merchant search to find better ways to connect with consumers via gifts, offers, discounts and more remains one of the key drivers of payments innovation today. But Henry Helgeson, CEO of Cayan says that with the “looming cloud” of EMV and security, there needs...
