Home Posts tagged "Chip & PIN"
formats

Visa Reports Increase in Use and Acceptance of EMV Following Liability Shift

Visa recently released data and figures regarding EMV usage in the first full month of purchases following the October 1st EMV liability shift, adding that they are “extremely encouraged” with the 42 percent increase in chip-on-chip transaction volume and the 49 percent increase in merchant locations that can accept EMV in just one month’s time. The

(More)…

 
formats

Merchants Should Already be Planning for Increased Fraud Attempts Post-EMV

According to forecasts from Aite Group nearly all credit cards issued in the U.S. will have EMV capabilities by 2018 when CNP credit card fraud losses are expected to reach $6.4 billion in the United States. As EMV cards become commonplace among U.S. cardholders it will make counterfeit card fraud more difficult and drive more

(More)…

 
formats

CNP Fraud on UK Cards Up 23 Percent in First Half of 2014, Compared to 4 Percent Increase in Counterfeit Card Fraud

The latest figures on card fraud losses in the United Kingdom, coming from industry group Financial Fraud Action UK, support the expectations of most industry experts that when EMV rolls out in the United States it will have a positive impact on deterring counterfeit cards and fraud at the point-of-sale, but lead to more fraud

(More)…

 
formats

More secure credit cards make fraudsters rush to eCommerce

October 2015 is the deadline for switching credit cards and readers to EMV/Chip & PIN technology in the US. At this point fraud liability switches to the party with the lesser technology, which will have substantial impact on unprepared merchants. The eCommerce channel must also get ready as stopping fraud at physical retail stores will

(More)…

 
formats

Nearly Half of all Global Card Fraud Losses Occur in the United States

According to The Nilson Report, global card fraud losses surpassed $11 billion in 2012 while the U.S. accounted for nearly half of the card fraud loss volume. Read More

 
formats

EMV, Chip & PIN Going Around the U.S.

Chip and PIN cards continue to spread in seemingly every region except the United States. Fed up with lack of adoption of EMV in the U.S., the European Payments Council is weaning off the magnetic stripe, with or without the United States. Read More

 
© The Fraud Practice LLC 2012