Global Card Fraud Grows 20%. CNP Fraud Is On The Rise Worldwide

In 2015, total card fraud taken globally reached $21.84, which is almost 21% higher than the numbers registered in 2014. This is according to The Nilson Report, the most respected newsletter covering the payment systems industry. The US losses associated with global card fraud made up 39% or $8.45 billion; spending volume accounted for only

Recent Cyber Monday Statistics | Biometric Authentication

According to a new report, online shoppers don’t make Cyber Monday deals the way they did it in the past. A 2016 holiday shopping study by one of the leading international payment service providers shows that of 76% of US and UK consumers planning to shop online during the 2016 holiday season only 38% were

Online Fraud During the Post-Holiday Season. 3 Things To Focus On

Each year, during the holidays, fraudsters plan how best to use the season for theft. There were three important things to take into account with regard to fraud during the holiday season in 2016. The fact is that fraud is rising, it’s going mobile, and may result in poor customer experience. First, online fraud has

Visa Checkout Opening Its Platform To Integrate With Digital Wallets

Visa Checkout is opening its platform to integrate with digital wallets. Google’s Android Pay will use this new platform to offer Visa Checkout to its consumers for making online purchases. This new platform will enable issuers, digital wallets and payment app providers to access a streamlined set of APIs. They will be able to integrate

Visa Gives Merchants EMV Debit Routing Options

Visa has recently provided clarification and modification regarding debit routing rules. Merchants can route US EMV debit transactions not just through Visa’s network, but through over 12 available ones. 2 payment application identifiers (AIDs) on the chip enable debit routing and processing. These are the US Common Debit Aid and the Visa Debit Aid. Visa

Smart Cards And Chips. How Do They Protect You?

In 2016, new chip debit and credit cards were issued to consumers by major financial institutions. According to the US Payments Forum, 600 million cards have been issued. How do these chip cards protect consumers? EMV (Europay/MasterCard/Visa) chip cards are designed to protect you from data breaches. The system has been used in European countries

Though Chip Cards Are Still Slow, They Protect You From Fraud

One year has passed since EMV technology arrived in the US credit card market. Chip cards are designed to make transactions safer and they really do this. According to a NerdWallet survey, the majority of consumers approve the EMV liability shift in the US. Happy Birthday EMV MasterCard reports 88% of its credit cards are

Stolen Cards, Gift Card Exchanges, And Credit Cards

Hackers selling a batch of 50-100 credit card numbers can get $250.000 – $1 million. A buyer can make $2 million – $8 million using these stolen card numbers. As for the risks, the deal is riskier for the buyer than the seller. The data was provided by a research team led by Thomas Holt,