Many small businesses not ready for EMV chip cards - Wells Fargo
August 6, 2015 - A majority of small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted July 6-10.
US bears the brunt of global card fraud losses
August 5, 2015 - The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
Mobile banking users set to double over next four years - KPMG
August 3, 2015 - The number of mobile banking users globally is forecast to double to 1.8bn over the next four years, encompassing over 25% of the world's population, according to research by KPMG and UBS.
FCA: Firms making good progress in handling unauthorised transactions
July 28, 2015 - Research into how claims are handled for unauthorised transactions (when a payment is made from a consumer's account without their consent) found that firms are making good efforts to deliver fair outcomes for consumers.
Card fraud rises across Europe - ECB
July 22, 2015 - The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.
EMVCo welcomes eight new members
July 8, 2015 - Payment industry engagement in the evolution of the EMVCo Specifications for payment technologies, including tokenisation and 3D Secure 2.0, has continued to increase, with eight new members joining EMVCo's Associate Programme in the past twelve months:
PCI SSC updates point-to-point encryption standard
July 1, 2015 - Today the Payment Card Industry Security Standards Council (PCI SSC) published an important update to one of its eight security standards, simplifying the development and use of Point-to-Point Encryption (P2PE) solutions that make payment card data unreadable and less valuable to criminals if stolen in a breach.
Speech: Fed Reserve governor Jerome Powell on building a safer payment system
June 26, 2015 - Governor Jerome H. Powell. At the Federal Reserve Bank of Kansas City Conference, "The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System", Kansas City, Missouri. Building a Safer Payment System.
