The fight to end fraud has unearthed a familiar enemy. Since the implementation of EMV chip card technology, there has been a spike in card-present chargebacks. Merchant-service providers are noticing this troubling trend across the country. Chargebacks for card-present transactions have jumped by 50% since the Oct. 1 EMV liability shift. The exact reason for
As the October 2015 deadline for the transformation of U.S. credit and debit cards from the current magnetic strip cards to smart cards embedded with an EMV (Europay, MasterCard, and Visa) chip approaches many issuers will likely choose the chip-and-signature option for credit cards instead of chip-and-pin which is safer more common in other countries.
Many are fretting over the upcoming change to chip and PIN debit cards. However, there are equally as many people who are excited. These changes are not only good for the plastic card industry, but also for merchants. This change is coming and your high risk business should be ready. High risk businesses are less
As the federal government considers new laws and regulations following the recent Target data breach, it’s important to consider who will unintentionally suffer. With any new laws or regulations, at times the good will have to suffer with the bad. This could be substantial, as nearly 70% of payments and purchases made in the United