Last year, in October, it was the “liability” swtich that mandated merchants switch to EMV-capable POS devices, or be left to reimburse any card fraud expenses themselves.
Tag: credit card news
Holiday Economy So Far in “Treat” Mode; Plus: Credit Cards Like Candy Corn?
Our holiday posts give us map markers to see how the economy is faring, and if Halloween “spend trends” are to be believed, your customers seem to be in…
Payment Cards Set to Surpass Cash For First Time Ever
“Is this the beginning of the end for cash?,” a recent article in Marketwatch asks. No, we’re not talking about governments yanking currency and forcing everyone into an electronic payment system.
Pushmi-pullyu: Payments on the Coming “Internet of Things”
The “Pushmi-pullyu” is, of course, a llama-like character from the Dr. Doolittle books and films — one with heads on either end…
Increasingly Cashless in an Age of “Big Hacks”
We never want our posts to be about hacks or data breaches two or more weeks running. But as most of us find out, when checking the climate-shifted weather…
1 in 3 Hit By Hacks; U.S. Near Top Due to Slow EMV Adoption
A recent study by ACI Worldwide and the Aite Group has found that upwards of 30% of global consumers have been victims of some type card fraud in the past five years. Statistically then, this has happened…
Consumers Suing Lax Retailers, post-EMV. Plus: Baseball
In another sign of how the responsibility for data security — and the liability for same — is shifting, Payments Source reports that “merchants are facing consumer…
Brexit Signs: How the Vote Might Affect Payment Cards
True, Britain has always kept its Pound, as far as currency, so has no “Euro” to give up. But as a country that was part of the “E” of those “EMV” standards we keep writing about…
Scam Alert, Pt. II: How to Protect Against Skimmers
Last week, we mentioned a rash of phony invoices that are being sent by companies alleging to help with EMV upgrades, along with some preliminary advice on how…
