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Home Depot Sues MasterCard, Visa Over Chip Card Security

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Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. Even with chips, U.S.

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Mastercard Expanding Scan-To-Pay QR Program

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Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

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MasterCard Expands EMV Self-Certification Program

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The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

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Adding Fuel In The Tank For Mobile At The Pump?

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Earlier this month, Visa and Mastercard said they had extended the deadline for U.S. gas station owners to install EMV chip card readers at the pump. One point of comfort might rest with the fact that Visa has said that fraud rates at the pump are low in comparison to almost all other points of card activity, comprising about 1.3

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Giving Community Banks The Contactless Card Boost

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However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S., Australia and Canada.

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What’s the Future For Payment Cards?

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What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

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The Straight Scoop On EMV: One Year Later

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That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 There’s plenty of positive data to look at.

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