American Credit Cards Are Most Popular In The World For Hacks, Fraud (Because Our Tech Stinks)

American Credit Cards Are Most Popular In The World For Hacks, Fraud (Because Our Tech Stinks)

If it feels like we hear a whole lot of stories about retail data breaches here in the U.S., well, that’s because we do. Americans are super duper popular targets for card hacks and fraud, and it’s for one simple reason: our credit card security is bad and should feel bad. [More]

(Mike Mozart)

Target Wants To Perfect Chip-and-PIN Before Venturing Into Digital Payment Methods

Consumers and businesses alike are always seeking out ways to streamline the checkout experience, most recently with mobile payment systems like Apple Pay and Android Pay. But there’s one major retailer that won’t be jumping into new payment options just yet. [More]

(Santos "Grim Santo" Gonzalez)

Chase Says It Will Replace All Debit Cards With Chip-Enabled Cards

After an earlier report that it would do so, JPMorgan Chase says it’ll be reissuing debit cards for all its customers, replacing the old magnetic strip cards with those containing microchips for increased security. [More]

(Mike Mozart)

Walmart Executive: Chip-And-Signature Credit Cards Not Enough To Protect Consumers

The long-awaited move from traditional magnetic stripe credit cards to cards equipped with computer chips has been touted as a safer, more secure method of payment for consumers. But a top executives at the country’s largest retailers says all the hype surrounding the new cards will likely be a security letdown without the use of PIN requirements. [More]

Banks Aren’t Really Going To Replace Everyone’s Credit Cards This Year

Banks Aren’t Really Going To Replace Everyone’s Credit Cards This Year

Hey, remember how the major credit card companies were going to replace all of our magnetic stripe credit cards sometime this year with computer chip cards sometime this year? You know, like what the rest of the world uses? That isn’t happening. We’ll get our computer-chip cards, sure, and some retailers might be able to read them. However, banks might take until 2017 or so to replace all of our cards. [More]

Target Tries Making Up For Data Breach By Issuing Secure Chip-And-Pin Cards Next Year

Target Tries Making Up For Data Breach By Issuing Secure Chip-And-Pin Cards Next Year

In the wake of the massive theft of customer data, Target is revamping its store-branded credit and debit cards with chip-and-pin technology that will make them more secure for in-person transactions, but still leave the door open to some fraudulent use. [More]

(Philip Taylor PT)

Massive Data Breaches Could Lead To Americans Finally Getting Smarter Credit Cards

The Senate Judiciary Committee heard testimony today from Target’s chief financial officer about the massive data breach that hit the company during the holiday shopping season last year. [More]