For years, metal cards were a symbol of high-end luxury, limited to expensive membership programs with rewards that catered to the affluent. Thanks to greater production innovation in the design and feel of metal cards, as well as more dual interface metal card solutions, many banks and other card issuers are looking to cash in…
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It has become much more difficult for criminals to counterfeit credit and debit cards since EMV® chips started being embedded for improved security. The industry was encouraged to shift to chip cards in the U.S. a little over three years ago with the promise of better protection against counterfeit fraud for consumers, merchants and issuers.…
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On this episode we talk with Stephanie Ericksen, VP of Global Risk Products at Visa about the EMV migration and credit card fraud. During our conversation we cover the following topics: In-store credit card fraud has dropped by more than 70% in less than two years. What are the reasons for the dramatic drop? What…
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As gas stations add EMV-chip card acceptance at the pump, they will also find themselves rebuilding systems for loyalty programs and special offers that were reliant on their older hardware. And the clock is ticking. The card brands set an October 2020 deadline for the EMV liability shift at pumps, delaying it from an earlier…
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Only two months after Mastercard eliminated the signature requirement on credit and debit card transactions, Discover says it also will drop the sometimes controversial cardholder authentication method. Beginning in April 2018, Discover will no longer require signatures at the point of sale for credit and debit transactions on the Discover Global Network in the U.S.,…
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