Did the security standards fail in recent data breaches, or were they improperly implemented? Does it even matter?
Qualified credit unions must use personalization processes and chip certification to match the faster program.
Lawmakers, trade associations and industry lobbyists increase pressure on Congressional committees to investigate the growing Target breach.
Card processor says 62% of its client respondents cited fraud reduction and MasterCard/Visa liability shift for planned move away from mag stripes.
The multiple-party, multiple-year case over credit card interchange moved one step closer to resolution on Nov. 9 when the Honorable Judge John Gleeson granted preliminary approval of the settlement agreement between retailers, payment networks and nine major card issuers.
Decision can still be appealed and National Retail Federation said it's considering that route.
Everyone needs a Plan B in life–an exit strategy in case what you’re doing doesn’t pan out. Credit unions are no different.
Community banks could lose money and consumers could have to pay higher fees if the Federal Reserve implements its debit interchange proposed rule as is, FDIC Chairman Sheila Bair wrote Federal Reserve Chairman Ben Bernanke.
Last year, Congress passed landmark legislation to reform the interchange fee system in America. This bipartisan effort came after years of congressional hearings and Government Accountability Office studies that made clear that the interchange system was on an unsustainable course.
With financial institutions scrambling to find new revenue streams, a new Aite report identifies the 10 trends that will help.