Tag Archives: debit cards

Visa: EMV-Enabled Merchants Seeing Just Half of Previous Fraud

A year after the liability shift for card fraud based on readiness for chip card or EMV capability, merchants that had completed the transition to chip card terminals saw 47 percent less counterfeit fraud in May versus a year earlier, according to figures released today by Visa.

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Survey: Despite Card Fraud, Consumers Satisfied with Resolution

While nearly half of U.S. consumers believe they will experience credit or debit card fraud in the next five years -- and 42 percent have personally experienced it -- victims of fraud are universally satisfied with the way their bank resolved the situation, according to a recent survey.

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Wendy’s Confirms Data Breach at More than 1,000 Locations

The fast-food chain Wendy’s yesterday confirmed that 1,025 locations -- nearly 20 percent of U.S. stores -- were part of a major data breach that ran for up to several months in which cyber criminals infected card terminals with malware to steal debit and credit card data.

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ABA, Trades Support Durbin Repeal

ABA and several other trade groups wrote to House leaders yesterday in support of H.R. 5496, introduced by Rep. Randy Neugebauer (R-Texas) to repeal the interchange fee price controls imposed by the Durbin amendment.

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Visa Offers Free Tech to Speed Up Chip Card Readers

Visa today announced the launch of Quick Chip for EMV, a technology enhancement designed to speed up EMV card authorizations to two seconds or less and allow shoppers to dip and withdraw their cards instantly -- just as they do with magstripe cards.

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CardHub: Retailers Lag in EMV Adoption

Six months after the EMV card fraud liability shift, more than four in 10 retailers have not updated terminals in any of their stores, and an additional quarter of retailers have completed updates of less than half of their terminals, according to a survey by the website CardHub.

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