Missing More Card Payments | Increased Card Usage

Credit bureau TransUnion, an American company that provides credit information and information management services has recently reported missed payments on credit cards issued by lenders are higher than on older cards. Credit Card Processing Almost 3% of outstanding balances on credit cards given out in 2015 were at least 90 days behind on payments 6

Preventing Payment Processing Fraud

EMV chips cards are called to protect merchants from fraudulent transactions. Consumers can get more protections from EMV if the chips are used properly. However, both merchants and consumers still need more protection in several areas. Today, EMV chip cards are being used by less than 50% of all merchants. Larger merchants choose to swipe

New Chargeback Policy Introduced By American Express Prevents Chargebacks

In June, American Express joined Visa and announced its new policies. These new chargeback policy changes aim to cut fraud costs for merchants who face dramatically increased chargebacks since the EMV liability shift in October 2015. New Policies by Amex American Express told it would not require merchants to be liable for in-store fraud on

The EMV chip may take more than 4 years as previously planned

 Just what exactly is EMV you ask? Years ago we wouldn’t even need to ask that question, but with the amount of fraud, corruption and hackers around the world,  EMV is needed to bring safety to our credit world. You see, EMV stands for Europay, Mastercard and Visa. It’s the global equivalent for protection. These

EMV May not Reach Ubiquity until 2018

With EMV already making its way to the U.S., concerns have risen that no one has made an effort to educate merchants and consumers about the technology involved. As a result, the EMV-chip cards may not become ubiquitous in the United States until 2018. According to an article by David Heun of ISO & Agent,

Retailers and Card Issuers Running Out of Time on EMV Chip Card Implementation

Recent security breaches of major retailers like Target and Neiman Marcus, has pushed the conversation over EMV chip card implementation into action. Still experts predict that EMV-chip technology will not become commonplace in the United States until the year 2018. Nick Holland, senior analyst for payments with Javelin Strategy & Research, says that despite a

Visa Reduces Rules and Fees for Merchant Acquirers

In spite of turbulence in Russia affecting Visa’s international transaction networks, Visa is lowering the fees and pruning requirements for merchant acquirers. The cutback of rates could be up to as much as 50%. These new policies from Visa come in the wake of the credit giant’s push for industry cooperation for security and the

Debit Networks End EMV Stalemate with Issuers, Adopt MasterCard/Visa Common AID Solutions

Major U.S. debit networks have been discussing a solution to the Durbin Amendment/EMV issue, to avoid using the proprietary solutions by card brands like MasterCard and Visa. Technological limitations on the applications that reside on the chips of an EMV card, which enables it to be run as debit or credit, limit the path a