The EMV liability shift is coming. Sounds ominous, but what does it really mean? And how can retailers and merchants determine the potential impact of the shift on their business? Like many issues in the payment card...more
One common occurrence after the disclosure by a retailer of a breach affecting card present payment card data used to be the filing of claims by banks that issued payment cards affected by the incident. The banks bringing the...more
Merchants—rightfully so—are worried about securing their payment card environments so that their name does not appear in a headline discussing how millions of cards were stolen from them. Faced with the challenge of...more
The Secret Service, which investigates financial crimes, issued a security Alert on July 31, 2014, warning of malware named “Backoff” that was being used to steal payment card data from point-of-sale (POS) systems. The Alert...more
For merchants, long gone are the days of using a card reader with a dial-up connection to their payment processor. Today’s omni-channel retailers rely on multiple third party service providers to complete payment card...more
Last week a small New England bakery announced that its point-of-sale (POS) devices were infected with malware that may have put card data at risk....more
The interchange fee and the potential of mobile payments were the dominant payment system issues in 2012. From a landmark antitrust settlement to seemingly daily announcements of a new prepaid or mobile payment product, there...more
12/29/2012
/ Consumer Financial Protection Bureau (CFPB) ,
Debit and Credit Card Transactions ,
Durbin Amendment Rules ,
EMV ,
ETFs ,
EU ,
FCC ,
FDIC ,
Federal Trade Commission (FTC) ,
Interchange Fees ,
Mobile Payments ,
Point of Sale Terminals ,
Prepaid Payment Products