Change takes effect Oct. 16, aimed at stimulating EMV adoption in U.S.
The Smart Card Alliance, an industry group organized to promote wider use of cards enabled with computer chips, is starting a forum designed to facilitate the implementation of cards with chips in the U.S.
New group to help chip card integration.
A new Aite Group report advises financial institutions to prepare themselves to fight mobile fraud, something the Boston-based think firm says will increase alongside mobile banking adoption.
Cybercrime and malware are the top online fraud threats financial institutions face today, and they’ll continue to top the list of threats over the next two to three years, according to a new report from research firm Aite Group.
Think firm report cites mobile threats as emerging concern.
Analyst says multiple sources indicate April 2013 deadline, "a blink of an eye in banking."
First-party fraud–accessing credit services with no intention of repayment–is a significant concern for credit unions and other financial institutions. And its prevention calls for a new strategy, according to Costa Mesa, Calif.-based credit reporting agency Experian.
Aite Group analyst sees chip-embedded cards, near-field communication phones taking hold quickly in U.S. card payments.
Not all fraud perpetrators strike from afar. Some are employees looking to rip off their own employers and customers while on the clock.