The credit union restricts transactions after stolen card numbers are used in multiple locations.
The U.S. accounted for 48.2% of the world’s card fraud losses in 2014, Nilson reports.
Card thieves may exploit more credit unions when EMV deadline passes, Rippleshot CEO warns.
Friendly fraud, which involves cardholder-requested chargebacks, is on the rise, risk management firm says.
ST. PETERSBURG, Fla.—CSCU Solutions conference attendees worry they won't meet the October deadline.
Credit unions should look at cost-benefit, risk and member impact when planning implementation.
Survey finds consumers blame breaches for fraud; most say retailers should cover costs when responsible.
If banks can beat retailers in the race to adopt EMV technology, they may have a fraud liability advantage.
A new report from Aite Group says 70% of credit and debit cards will have EMV chips by December 2015.
Bill would limit retailers' storing of consumer data and require reimbursement after a security fail.