Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. What Types of EMV Chip Cards Are There?

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Chip Cards CHIPS EMV Debit Card 88

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. “It keeps getting worse every year,” he said.

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EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

DECEMBER 21, 2016

There was a time when data breaches were not a daily part of consumers’ day-to-day lives. How did consumers go from leading lives mostly free from data fraud and identity theft to one where such hacks, skims and breaches are part of the everyday background noise? But EMV had not exactly been a front-burner issue in U.S.

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Breach EMV Compromise Push-to-Card 52

Stax

MARCH 13, 2025

This includes defaulted payments, operations risks, security breaches, and chargebacks. Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. Covers risk taken on by issuing banks Issuing banks take on financial risks while extending credit to cardholders.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

FICO

MAY 2, 2019

Fraud and data breaches have always had a close, if destructive, relationship. As the US transitioned to hard-to-counterfeit EMV payment card technology several years ago, criminals flocked to card not present (CNP) fraud , often combining identity fragments and card numbers stolen in breaches to make illicit purchases online.

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Data Breach Breach Cybersecurity Risk 70

PYMNTS

MARCH 30, 2017

The good news about EMV is that it has drastically dropped the instance for cloned-card fraud that was far more endemic in the mag stripe era. France, Australia and Canada during their initial EMV rollout. France, Australia and Canada during their initial EMV rollout. “We

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EMV Identity Theft Federal Trade Commission CHIPS 47

Payments Source

APRIL 17, 2017

EMV is strictly an anti-counterfeiting measure that leaves several elements of the payment process untouched, and fraudsters are exploiting these gaps.

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EMV Encryption Process Payments 60

Clearly Payments

MARCH 14, 2025

Stage 2: Authentication and Security To prevent fraud, security measures are incorporated: EMV Chip Technology : EMV chips provide dynamic encryption for each transaction, making it harder to counterfeit cards. Tokenization : Converts sensitive card data into a unique token, reducing the risk of data breaches.

Credit Cards 52

Credit Cards Transactions PCI DSS Online and Mobile Banking 52

PYMNTS

JUNE 6, 2016

It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa.

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EMV CHIPS Chip Cards Issuers 43

Stax

MARCH 6, 2025

They are embedded with EMV chips (Europay, MasterCard, Visa) that use either chip-and-PIN or chip-and-signature authentication methods. In short: contactless credit and debit cards have built-in EMV and NFC chips. Securing your payment systems today means avoiding costly breaches and reputational damage down the line.

Contactless Payments 88

Contactless Payments Online and Mobile Banking Encryption CHIPS 88

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He pointed to the recent security breach at Yahoo, in which fraudsters stole login credentials, comprised of email addresses and passwords, for more than 22 million user accounts.

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EMV Online and Mobile Banking Credential Chip Cards 80

Payments Source

APRIL 27, 2016

EMV chip card protections at the point of sale and a general corporate awareness of card data security are helping lower the number of data compromises worldwide. But fraudsters are moving quickly to bigger targets.

Chip Cards 64

Chip Cards Breach EMV CHIPS 64

Payments Source

APRIL 13, 2016

If the EMV chip-card migration in the U.S. taught the payments industry anything, it's that some players meet compliance deadlines, while others let them slip by.

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Compliance Chip Cards Breach EMV 63

PYMNTS

JUNE 20, 2016

It’s been a tough road on the way to EMV terminal deployment here in the U.S. It is important to streamline in order to get as many merchants running EMV terminals as possible, stated Aikat. And even though there’s been some forward progress : 1 million-plus merchants in the U.S.

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EMV Visa Chip Cards VARS 45

PYMNTS

MAY 20, 2016

Restaurant chain Noodles & Company is probing a credit card breach that is said to have hit several of its 500 stores. The fraud attack occurred as the Broomfield, CO-based company was in the process of testing and implementing EMV technology — a situation which many businesses around the U.S.

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Breach Law Enforcement Credit Cards EMV 40

PYMNTS

SEPTEMBER 26, 2016

Then, two and a half-years into the role, Galant had steadied the Verifone ship and capitalized on the transition to EMV in the U.S. Which makes the transition to EMV in the U.S. Which, Galant told me, explains why the EMV rollout in the U.S. When people say that EMV has taken too long, they are absolutely right.

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Payments Source

JULY 2, 2017

An influx of metal credit cards continues, with Capital One now encasing its popular Venture travel Visa card in metal, raising new questions about whether the marketing impact of such cards offsets their cost to manufacture—and reissue in the event of a data breach.

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EMV Data Breach Credit Cards Breach 61

PYMNTS

MAY 30, 2016

The mag stripe ATMs, the bank said , made them vulnerable to breaches. In a statement, RBI asked banks and white label ATM operators to upgrade their network to support EMV chip and PIN cards by September 30, 2017. New ATMs, the bank said, shall necessarily be enabled for EMV Chip and PIN processing from inception.

ATM 40

ATM EMV CHIPS Financial Inclusion 40

PYMNTS

APRIL 5, 2017

Bluefin Payment Systems, the provider of PCI-validated point-to-point encryption (P2PE) payment solutions for retail, health care and higher education, announced Tuesday (March 4) the EMV certification of its PayConex Plus Payment Platform by First Data, the global payment technology company. and the BBPOS Limited WisePad, the company said.

EMV 40

EMV Point-of-Sale (POS) Identity Theft Data Breach 40

PYMNTS

MAY 5, 2017

It’s been a big week in the broader cybersecurity realm, starting with a data breach of Sabre Corporation’s hospitality unit. The growth in digital payment fraud comes as activity has moved away from card-present transactions in an ecosystem protected by EMV authentication standards.

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Breach Business Email Compromise Data Breach Cybersecurity 45

PYMNTS

JANUARY 30, 2020

Widely publicized data breaches and hacks have made today’s consumers especially concerned about fraud. Encouraging use of EMV cards rather than magstripes helps protect consumers against card skimming, and many payments industry players are exploring biometric payment authentication and other methods as well. The solution is.

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Security Debit Card Fraud Detection Federal Trade Commission 73

Payments Source

SEPTEMBER 25, 2017

After Equifax disclosed a devastating data breach, much of the attention focused on whether the company did everything it could in response. But the scary truth may be that this is the sort of incident that goes beyond a single company's ability to fix.

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Social Security Data Breach Security Breach 110

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. That’s one of the happier stories in the turbulent digital identity wars.

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EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

OCTOBER 19, 2016

I recollect a year ago being a lot more bullish that the EMV rollout would roll out the red carpet for mobile payment adoption, and it really hasn’t played out that way,” said Tony Rose, Vantiv’s director of product management. On top of that, there is the trust issue for the consumer every time a new security breach pops up.

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Mobile Payments EMV Payments Breach 79

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. Home Depot – Another EMV Lawsuit Joins The Party . Home Depot’s 2014 data breach at stores in the U.S.

EMV 40

EMV CHIPS VARS Push-to-Card 40

PYMNTS

NOVEMBER 10, 2020

The partnership aims to eliminate large-scale breaches, which are accelerating in intensity and frequency in 2020, especially amid the COVID-19 pandemic. or EMV 3DS) has not been smooth, however, accelerated eCommerce demand spurred the pandemic, has gotten the technology paradigm off the ground. also known as 3DS 2.0

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Transactions Security Encryption CCPA 93

PYMNTS

DECEMBER 9, 2016

Breaches may seem like a daily part of life in the information age, but as Intel noted in a recent whitepaper titled “Beyond PCI Compliance: Protecting Consumer Data and Brand Reputation,” the data targeted by cyberthieves and at risk is changing. And just as they are not well-protected, those data points are also hard to change.

CHIPS 74

CHIPS MSPS Breach Data Breach 74

Payments Source

JANUARY 25, 2018

There are a number of tactics and solutions organizations can employ to shut down the favored methods of fraudsters, including the use of bots and device compromise, writes Michael Lynch, chief strategy officer at InAuth.

Bots 70

Bots Breach Compromise Accounts 70

Stax

JANUARY 28, 2025

Click to Pay is based upon global EMV Secure Remote Commerce (SRC) standards, which include security measures like tokenization , multi-factor authentication , and 3D Secure protocols. Sensitive data may be stored on servers, increasing the risk of breaches. It is also built to be super secure.

Payment APIs and Integration 68

Payment APIs and Integration Online and Mobile Banking Payment Gateways Gateways 68

PYMNTS

FEBRUARY 22, 2018

But last year’s twist was that data breaches were after social security numbers more often than credit card numbers — though that imbalance (35 percent to 30 percent) was largely driven by one massive breach, the Equifax breach last fall. That fraud run saw $16.8

Identity Theft 56

Identity Theft Account Takeovers Push-to-Card Social Security 56

Payments Source

NOVEMBER 6, 2017

For most retailers heading into this year’s holiday-season sales crunch, the epic Equifax data breach was only the latest in a series of escalating threats that are having a profound effect on the way they handle payments.

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Data Breach Risk Breach Payments 86

Stax

MARCH 4, 2024

It’s also critical to ensure card information is protected from data breaches with secure encryption and cybersecurity standards in place. For online transactions, a secure connection is critical, and the SSL/TLS protocol helps ensure transactions are protected from cyber attacks and data breaches.

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PCI DSS Payment Security Security MFA 88

PYMNTS

SEPTEMBER 15, 2016

861,000: What Kaspersky Lab estimates a data breach costs the average big company. 54%: The amount Mastercard says counterfeit fraud costs have fallen for EMV-compliant retailers. The blockchain is the solution for this apparently. 500K: The number of cashout locations Hyperwallet offers around the world.

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Same Day ACH NACHA Data Breach EMV 59

Evolve Payment

NOVEMBER 19, 2024

By completing the process and becoming compliant, you’ll: Be less prone to lawsuits related to data breaches and hacks. Protect yourself from fines and expensive charge-per-record fees after a breach. There are real benefits to becoming compliant apart from saving yourself from non-compliance fees. Keep your customer’s data safe.

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PCI DSS Compliance Processors Breach 94

PYMNTS

NOVEMBER 18, 2016

We’re heading into our second holiday season with more retailers EMV ready, which means CNP fraud becomes a lot more attractive to organized and tech-savvy criminals. Combine that with the increased prevalence of data breaches and retailers are faced with the daunting challenge of approving as many orders as possible, while minimizing fraud.

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PYMNTS

MARCH 15, 2017

E la Carte, the maker of the pay-at-the-table Presto System for the full-service restaurant industry, announced Tuesday (March 14) the launch of PrestoPrime EMV Terminal. Combining robust security with a frictionless user experience, PrestoPrime EMV sets the bar as the best tabletop platform available to restaurant operators.”.

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EMV CHIPS Data Breach Contactless Payments 43

PYMNTS

MAY 4, 2016

The firm said that its technology first encrypts cardholder data within a PCI-compliant, P2PE-ready device, which helps prevent readable text from being seen across systems or networks, thus thwarting the chance for a data breach. With EMV, merchants now have a tool to combat fraud in the form of counterfeit cards.

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Data Security Security EMV Data Breach 40