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 ...
Tag: Payments system
NACHA Launches Same Day ACH
NACHA today launched Phase 1 of its same-day ACH initiative, which allows for the sending and receiving of ACH credit ...
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 ...
Boston Fed: Target Breach Triggered No Change in Debit Card Use
Following the Target data breach of 40 million credit and debit card accounts in late 2013, there was little to ...
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 ...
ABA, FS-ISAC Issue Statement on SWIFT Compromises
In response to recent high-profile compromised communications sent through the SWIFT communications network, ABA -- together with the Financial Services ...
Court Rejects Agreed-Upon Settlement in Visa, MasterCard Case
An appellate court today rejected the settlement in which Visa, MasterCard and credit card-issuing major banks agreed to pay $6.05 ...
Agencies Issue Guidance in Response to SWIFT Compromises
In the wake of high-profile compromised communications in the SWIFT communications network, the federal banking agencies issued guidance alerting banks ...
Fed Taps McKinsey for Faster Payments Task Force
The Federal Reserve announced today that it has selected McKinsey & Company to support its Faster Payments Task Force by ...
ABA Op-Ed: ‘Strong Security Standards Are in Everyone’s Interest’
The retail industry’s continued emphasis on static technologies impedes innovation and stands in the way of consumer protection, said ABA ...
