Another week, another large retailer accusing Visa of forcing stores to accept debit cards in a way that it is not as secure as it could be — and which will cost the retailer more money to process. [More]
emv cards
Kroger Accuses Visa Of Using Threats To Force Supermarkets To Accept Less Secure Debit Cards
By 6.28.16
Home Depot Accuses Visa, MasterCard Of Colluding On “Defective” Credit Cards
By 6.15.16
While banks and credit card issuers are slowly rolling out new debit and credit cards containing microchips intended to make them less susceptible to fraud, Home Depot says in a recently filed lawsuit that the two largest card networks have colluded with the banks to produce cards that are not as secure as they should be. [More]
Most Small Business Owners Aren’t Ready For Chip-And-PIN Credit Cards
By 8.6.15
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)
By 5.29.15
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
By 2.13.15
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]
Your New Credit Card Is Already Waiting Inside This Secret Facility
By 6.23.14
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
By 6.13.11
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]
