Most Small Business Owners Aren’t Ready For Chip-And-PIN Credit Cards

Most Small Business Owners Aren’t Ready For Chip-And-PIN Credit Cards

Following a string of high-profile data breaches last year, Visa and MasterCard handed down a requirement that all merchants transition to the more secure chip-enabled credit card payment system by October of this year. While several major retailers have already made or are in the process of making the switch, a new report finds that many small business owners don’t even know about the deadline – or the potentially costly consequence of not meeting it. [More]

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]

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

Visa, MasterCard Working On Security Improvements To Make Data Breaches Suck Less

The data breaches, major and minor, that we’ve seen over the past few years aren’t going anywhere. Payment system and database hacks are, for now, basically inevitable. And that’s why Visa and MasterCard have both announced plans to expand their security features for online shopping. [More]

(Ciaran McGuiggan)

Your New Credit Card Is Already Waiting Inside This Secret Facility

Sure, credit card issuers, including Target, aim to get us all using chip-and-PIN (EMV) credit and debit cards sometime next year. They will make our transactions more secure, and maybe we’ll be less likely to get our digits stolen in a catastrophic data breach. Here’s one question that you may not have thought to ask, though: where do these cards actually come from? [More]

Avoid Credit Card Problems When Traveling Overseas

Avoid Credit Card Problems When Traveling Overseas

Most credit cards in Europe have an embedded PIN chip in them, called an EMV card. Almost no American credit cards do. This causes big problems for Americans traveling in Europe but there are a few ways to minimize the hassle. [More]