EMV is getting real in the US as consumers are now getting chip cards in the mail. But if it’s going to take many years before all merchants are able to accept chip cards and all consumers carry them, why not skip straight EMV and...
The number of jobs on banks’ anti-money laundering teams is up 54 percent in 2014 year-to-year in the U.K. following a string a scandal and heavy fines for British Banks. Get the Full Story Complete the form to unlock this article and enjoy unlimited free...
Digital security solutions provider Oberthur Technologies (OT) announced today that it has signed an agreement to acquire NagraID Security SA, according to an Oberthur release.
Thirty-two percent of merchants see mobile as riskier than standard e-commerce, up from 24 percent last year, recent statistics show. As retail foot traffic steadily declines and more consumers make purchases via mobile device, online fraud is quickly becoming a standard practice – and presumably...
EBay has been in talks to accept Bitcoin through its Braintree unit, according to a report Thursday (Aug. 14) in The Wall Street Journal. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content —...
Lookout, a San Francisco security app, has just taken in $150 million in new funding in a new round led by T. Rowe Price. Also joining in the round were Goldman Sachs, Morgan Stanley Investment Management, and Amazon’s Jeff Bezos’ Bezos Expeditions. Previous investors have...
Worried about new age cab competitor Uber, a group of taxi firms in India are trying a creative legal attack on Uber and it all revolves around payments. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...
Russia’s Central Bank is preparing to abandon its deadline for MasterCard and Visa to pay transaction security deposits because neither has yet selected a partner to process cards in Russia next year, according to a report Thursday (Aug. 14) in Russian business daily Vedomosti. Get...
More than 575 million U.S. payment cards will include EMV chips by the end of next year, according to a statement issued jointly from Visa and MasterCard on Wednesday (Aug. 13). That number is partially based on EMV shipment plans from nine key card issuers:...
