Oct 13, 2015

Contactless Cards Not Fraud Proof

Contactless payments have taken the commerce world by storm. Advocates believe that contactless cards will protect the sensitive financial information of consumers. EMV cards (created by Europay, Visa and Matercard) have a processing chip. This is replacing the old magnetic strip that can be easily duplicated to commit fraud. This chip is supposed to reduce the risk of fraud due...

Jul 23, 2015

Americans Lag When it Comes to Contactless Payments

The American processing system is lagging when it comes to contactless payment usage. This is compared to European users, and while the US consumers are slowing getting into the idea of contactless payments, they are nowhere near the rate as Europeans. Visa Europe figured this out, and they also figured out that about 25% of the contactless payment devices in...