While U.S. merchants will only now in 2015 experience the liability shift of potential financial losses for not upgrading their terminals from magstripe –to EMV contact and contactless card enabled terminals, Visa has been incentivizing the move since 2011 through the innovative Visa TIP program. Considering...
The U.S. is the last developed country in the world to throw away the magstripe card and move to EMV. So begins the October 2015 liability shift. Starting this October, until the end of the year, an expected 6-8 hundred million EMV enabled credit and/or debit cards...
Samsung’s new mobile payments service is hot to trot with a unique feature that puts its competition behind the curve. But before we get into Samsung Pay, here’s a brief history lesson on the recent happenings in mobile payments. Apple made its first début to the mobile...
To protect consumers and reduce the costs of credit card processing fraud in the US, banks and credit card issuers have pushed the liability of fraudulent transactions to merchants who have out of date credit card processing technology. The deadline to update your credit card processing...
Full EMV integration certification can be very time consuming and costly in the event that you are considering upgrading your payment processing system for the October 1st liability shift deadline. There is an alternative solution however and if you are looking for a quick solution that...
On May 5th, 2015, University of California’s (UCLA) hospital determined that it had suffered a cyber breach to its network. That breach has now been confirmed and it’s possible that this cyber attack will expose an estimated 4.5 million medical files from patients. The breach stems from...