After years of steadily holding back support for embedding smart chips into U.S. issued cards, the largest card brand has announced it will now back the use of smart card technology in the U.S.
After years of steadily opposing embedding so-called smart chips in U.S.-issued cards, the largest card brand has reversed itself.
WASHINGTON — If nothing else, card-issuing credit unions should feel assured that an awful lot of intelligent people go to work every single day with no higher priority than helping to keep their card data secure.
WASHINGTON — Despite news of the massive Sony PlayStation breach, a Visa executive says progress is being made in overall data security.
Visa has announced a program that will exempt overseas merchants from card security requirements provided at least 75% of their point of sale terminals are able to read cards with an embedded computer chip to improve fraud protection.
Heartland Payment Systems has made an agreement with VISA Inc. under which some Visa issuers will be eligible for compensation for losses suffered because of the breach.