Many issuers of chip-based credit cards will likely allow U.S. consumers to complete transactions with a signature, not a PIN, which will limit the fraud protections offered by EMV cards, says Citizen Financial Group's Tim Webb.
Visa is working closely with U.S. banking institutions and retailers to enhance payments security and push the migration toward EMV, says the card brand's Eduardo Perez, a featured presenter at ISMG's Fraud Summit New York.
In his keynote address at the ISMG Fraud Summit New York on Oct. 21, PCI's Bob Russo predicts credit card fraud will significantly rise in the short term as EMV payment cards get rolled out in the United States. Find out why.
Staples has confirmed that it's investigating a potential data breach after a report warned that elevated levels of payment card fraud had recently been tied to card numbers used by consumers who shopped at the office supply retailer.
While fraud-fighting experts are debating the long-term impact President Obama's "BuySecure Initiative" will have on speeding EMV adoption in the U.S., they agree the president is drawing attention to the need for stronger card security.
In the wake of recent payment card breaches, President Obama is taking steps to speed the adoption of EMV cards. He's also calling on Congress to enact a national data breach notification law and announcing a White House summit on consumer cybersecurity.
Apple's new payments platform, Apple Pay, will launch on Monday, Oct. 20. The platform enables users to pay for items using several Apple mobile devices, including the latest versions of its iPads.
Alleged Russian hacker Roman Valerevich Seleznev, arrested earlier this year, is facing 11 additional charges tied to the theft of credit card information for later sale on underground "carding" websites.
Kmart has confirmed a breach that started in early September involving a "new form" of malware that infected the company's payment card systems. Find out the details surrounding the incident.
"Selling spyware is not just reprehensible, it's a crime," says a U.S. Justice Department official. So why are 245 local U.S. law enforcement agencies and prosecutors giving spyware away for free?
When the new Apple Pay mobile payment system launches in October in the United States, it could help improve payment security. This infographic reviews the system's features and how to put them to use.
The Modi government's "Jan Dhan Yojana" is ambitious, and security concerns are vast. Awareness, complexity and scope must be addressed, says Pervez Goiporia, vice president, IDM development, at Oracle India.
How banks and law enforcement can work together to fight global cybercrime was a hot topic at our Fraud Summit Toronto. And the discussion will continue at our Sept. 23 summit in London.
The new Apple Pay mobile payment system isn't going to kill credit cards. But when it launches next month in the United States, the system could help improve payment security. Learn how Apple Pay works.
What's the toughest challenge the U.S. faces when it comes to EMV? Randy Vanderhoof of the EMV Migration Forum points to getting POS software and terminals certified for EMV transactions. Find out what other hurdles he identifies.
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