Healthcare executives continue to emphasize reducing risk exposure and related financial losses. These losses affect more than just the bottom line. The ability of an organization to control and protect its financial assets - especially from improper payments - also directly affects an organization's reputation and...
In the wake of the Oct. 1 EMV fraud liability shift date, U.S. merchants can expect to pay for counterfeit fraud losses previously absorbed by European issuers, says Jeremy King of the PCI Council. Longer-term, he expects European banks will experience more fraud as U.S. POS and card security leapfrogs other markets.
What impact will the Oct. 1 fraud liability shift date have on EMV chip adoption? It's far too soon to tell. For now, though, it's clear that many merchants still lack the necessary POS equipment, and many consumers still lack chip cards - which means mag-stripe transactions remain commonplace.
As compliance needs evolve, government agencies administering social programs are finding that they need to be more prepared. By leveraging advanced analytics into existing processes, you can identify errors faster and more effectively and can reduce financial waste and improve program integrity.
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PCI Council General Manager Stephen Orfei says the migration to EMV in the United States will facilitate faster adoption of contactless mobile payments. That's why mobile will be a hot topic at the PCI Council's annual North America Community Meeting this week.
Europe's successful migration to EMV, which began more than a decade ago, employed deadline shifts, education for cardholders and merchants and an approach based on PIN codes. Here are lessons for the in-progress U.S. migration to EMV.
The fraud shift as a result of the migration to EMV chip payments in the U.S. will extend beyond card-not-present payments, experts at Information Security Media Group's fraud and data breach summits in San Francisco last week warned.
The use of Bitcoin poses big cybersecurity and money-laundering concerns for banks. But the transaction infrastructure used by cryptocurrencies offers many features that banks should put to use, says former FBI Special Agent Vince D'Agostino.
The U.S. migration to EMV chip payment cards, which is progressing slowly, will be overshadowed by EMV-compliant mobile payments, says Gray Taylor of Conexxus, a convenience store and petroleum industry technology association.
A second Russian has pleaded guilty in connection with the largest U.S. hacking scheme, which compromised more than 160 million payment card numbers. But three other alleged conspirators have yet to be arrested.
A Russian hacker who was extradited to the United States earlier this year has admitted his role in the largest hack attack in U.S. history, which resulted in the theft of 160 million payment card numbers. Find out how much time he could spend in prison under his plea agreement.
The U.S. payments infrastructure will come up far short of completing the rollout of EMV technology by the Oct. 1 fraud liability shift date. Experts say high costs, a perceived lack of consumer demand and doubts about EMV's ability to significantly reduce card fraud are to blame.
The gang behind the Carbanak banking malware - tied to $1 billion in fraud - has changed tactics, using upgraded malware via spear-phishing attacks, a security expert warns. Separately, a new banking Trojan called Shifu has been targeting Japanese banking customers.
Although EMV is a far more secure payments technology, it can be exploited for fraud if it's improperly implemented, warns Gartner analyst Avivah Litan. What security lessons must be learned from past EMV deployments?
A migration of fraud to the card-not-present environment is expected in the wake of EMV. But Fiserv's Manuel Da Silva says banks also have to be worried about fraud upticks in other areas, which are already emerging. He explains how analytics can help institutions mitigate risks.
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