Sterling Offers Free EMV Card Protection Plan for Businesses

The transition to EMV credit cards has shifted a great deal of liability to retailers, leaving them possibly responsible for fraudulent transactions. One company is now offering a protection program for businesses that are still working toward EMV acceptance. Sterling … Continue reading

Beware of the New Credit Card E-Mail Scam

Criminals are finding a way to scam consumers with the recent conversion to the more secure chip-embedded credit cards. Since only about 40% of Americans have received their new EMV cards, many are wondering when their current card will be … Continue reading Weekly Credit Card Update–October 2, 2015

Ready or Not, it's Credit Card Chip and Dip Time Thursday marks a milestone in the effort to shift the U.S. to the use of microchip-embedded credit cards, a more secure alternative to traditional cards that require the swipe of … Continue reading Weekly Credit Card Update–September 25, 2015

What's the Chip in Your New Credit Card Do? The microchip on your credit or debit card helps make it more difficult for fraudsters in two important ways. It makes it harder to physically counterfeit the card and it creates … Continue reading

Only 1 in 4 Debit Cards Will Have Chips by December

Despite a widespread effort to integrate EMV technology, only one in four debit cards in America will have smartchips by December, according to new research from Discover-owned Pulse. 90% of financial institutions are committed to adding security chips to their … Continue reading Weekly Credit Card Update–September 11, 2015

Consumer Credit in U.S. Increased More Than Forecast in July Consumer credit in the U.S. rose more than projected in July, boosted by bigger credit card balances and loans for automobiles. The $19.1 billion increase followed a $27 billion gain … Continue reading

Only 22% of Small Businesses Are Ready for EMV Deadline

Yet another study has emerged showing that small businesses are unprepared for the October 2015 deadline of transitioning to EMV card readers. Only 22% of small retailers are ready for the deadline, and 23% feel chip and PIN card readers … Continue reading

Most Americans Have Not Received Their EMV Cards

If you have not yet received your new chip-embedded credit card, you are not alone. A new poll from Associated Press-Gfk reveals only one in 10 Americans have received their EMV cards. This news is rather surprising, since the deadline … Continue reading

Small Businesses Are Not Ready to Accept EMV Cards

Many small businesses in America are not prepared to switch to EMV card technology by the October 2015 deadline, according to a new survey from Wells Fargo and Gallup. The survey asked 600 business owners about plans to upgrade their credit … Continue reading Weekly Credit Card Update–August 7, 2015

Using a Digital Wallet May Cost You in Credit Card Rewards Mobile payments are surging as an alternative payment method, with Forrester Research estimating that the industry will nearly triple in terms of transactions by 2019. Digital wallets are typically … Continue reading

Consumers Learning to “Dip” Their Credit Cards

If you have recently received a new credit card in the mail, you may have been asked to "dip" your card when you made your transaction at the store. "Dipping" is replacing "swiping" in today's world of credit cards. New … Continue reading Weekly Credit Card Update–July 31, 2015

Could Mike Tyson Become The New Face For Bitcoin? Although bitcoin has taken some major steps toward mainstream adoption over the past year, the cryptocurrency's user base is still largely dominated by tech-savvy individuals who see digital currencies as an … Continue reading

42% of IT Decision Makers Aren’t Moving on EMV Transition

Many businesses are not prepared for the upcoming October 1st deadline for processing chip-embedded credit cards, according to a new survey from Randstad Technologies. A large portion of IT decision makers--those involved with deciding the technological state of a company--still have … Continue reading Weekly Credit Card Update–June 5, 2015

FBI Warns Retailers of New Credit Card Malware A recent cyber attack against a restaurant chain's credit card system prompted the FBI to issue a warning last week that criminal hackers are using new malicious software to steal personal financial … Continue reading

SmartMetric’s Biometric Credit Card Closer to Introduction

SmartMetric, a fingerprint activated payment card, is not yet on the market, but a new video on the company's website shows how the security features work on the card. The biometrics technology embedded into the EMV credit card is designed … Continue reading

MasterCard’s Chip 360 Helps Businesses Switch to EMV

MasterCard has made a commitment to help small businesses transition to EMV credit card technology before the October, 2015 deadline. The credit card giant has launched Chip 360, a program designed to educate business owners on the steps needed for … Continue reading

New Card Skimmers Steal Information at the ATM’s Door

Information-stealing credit card skimmers are far from "new" technology, but the latest ones take the skimming process to a new level. Law enforcement officials have discovered skimmers on the outside of enclosed ATM hubs where a person must swipe a … Continue reading Weekly Credit Card Update–March 6, 2015

Retailers Face $8.65 Billion Bill for New Generation of Credit Cards New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment … Continue reading

American Express Offers $100 Reimbursement for Merchants Upgrading to EMV Terminals

To help merchants make the switch to EMV terminals before the October 2015 deadline, American Express has launched a Small Merchant EMV Assistance Program that offers a $100 reimbursement for retailers that upgrade their payment terminals. The company has put … Continue reading

Fraud-Fighting Credit Card “Final” Receives $1 Million in Funding

As the fight against credit card fraud continues in America, credit card startup Final has received a huge boost from investors---$1 million. Final is a credit card that enables users to generate multiple card numbers. Rather than a single, static … Continue reading

Top Exclusive, Luxury Credit Cards of 2015

Some people like to think of credit cards as luxury goods, much like fine jewelry or an expensive car. Yet for all the valuable benefits and attractive rewards offered by premium credit cards, they are still just financial instruments with … Continue reading

Stripe Automatically Updates Credit Card Info for E-Merchants

Stripe is an ecommerce payment platform that has become a favorite among online merchants. The newest program from Stripe automatically updates a shopper's credit card information when he or she gets a new card number. This streamlines the shopping process … Continue reading Weekly Credit Card Update–January 30, 2015

Apple Pay Accounts for $2 out of every $3 Spent with Contactless Payments Apple CEO Tim Cook said that around $2 out of every $3 spent using contactless payments across Visa, MasterCard, and American Express are being made with Apple … Continue reading

Free Apple Pay and EMV Point of Sale Terminals Offered to Small Businesses

Small businesses may soon catch a break, thanks to a new offer from Velcro Pay. The merchant middleman announced it will provide a free Apple Pay-enabled point of sale terminals to small businesses, along with tutorials on how to work with … Continue reading Weekly Credit Card Update–December 26, 2014

Staples Estimates Hackers Breached 1.16 Million Credit Cards Staples confirmed that suspicious cyber activity, first spotted in September, was most likely a malware attack that may have breached 1.16 million credit cards. A preliminary investigation found evidence of malware installed … Continue reading

69% of Small Businesses Not Ready for Chip-and-PIN Transition

A new study about the transition to chip-and-PIN credit cards reveals 69% of small and mid-sized businesses do not think they will be able to meet the October 2015 deadline for switching to EMV terminals. These EMV terminals are required … Continue reading

Should I Use My Credit Card’s Chip and PIN Technology?

As America transitions to EMV credit card standards, many banks have already issued new cards to their customers that utilize Chip and PIN technology. If you have received one of these cards, you may be wondering, "Should I Use my … Continue reading Weekly Credit Card Update–November 14, 2014

New Consumer Protections for Prepaid Cards The Consumer Financial Protection Bureau is extending many of the financial protections of bank accounts to prepaid cards. New rules proposed Thursday by the federal regulator would require that prepaid card users be protected … Continue reading

Security Flaw Discovered in Chip-and-PIN Cards

Just when consumers thought their credit cards would be more secure, new research from Newcastle University uncovered a security flaw in chip-and-PIN cards that could lead to a $1 million unauthorized transaction. The issue comes from the contactless function in … Continue reading Weekly Credit Card Update–November 7, 2014

Here's How the New Chip and PIN Credit Cards Could be DOA A recent Gallup survey found that 69% of Americans worry "frequently" or "occasionally" about having a credit card compromised by computer hackers. It's not shocking. Consumers are becoming … Continue reading Weekly Credit Card Update–October 31, 2014

Some U.S. Retailers Shun Apple Pay, Eye Rival Payments System Some large U.S. retailers are refusing to use Apple Pay, Apple's new electronic payments service, as they commit to developing a rival payments system that would bolster their profits by … Continue reading

Startup Poynt Modernizes Traditional Credit Card Terminal

While some companies like Square try to change the way credit card transactions are processed, a new startup company called Poynt is aiming to upgrade traditional point-of-sale terminals for the modern world. This solution comes at the perfect time as … Continue reading

MasterCard and Zwipe Launch First Contactless Payment Card with Fingerprint Sensor

MasterCard and Zwipe have teamed up to create the world's first contactless payment card with built-in fingerprint sensor. The card is designed to provide superior security with the help of biometric technology while maintaining the convenience of swipe-free payments. The … Continue reading

New Technology Offers Card Security for Online Payments

EMV chip technology has been fairly effective in cutting down card fraud with transactions that take place at store level. Most of the card breaches in the United States during the past year have taken place within retail stores. As … Continue reading Weekly Credit Card Update–October 10, 2014

Banks in U.S. Moving to Chip-Based Debit and Credit Cards In the coming year, banks in the United States are likely to replace debit or credit cards with versions that have tiny computer chips embedded in them, a move aimed … Continue reading

How To Use Credit Card Chip & PIN Technology

America is now a year away from an October 2015 deadline when all banks, retailers and credit card providers will transition to chip and PIN cards in order to strengthen credit card security. All of the cards currently in your wallet … Continue reading

Bank of America Distributes Chip and PIN Debit Cards

Bank of America became the first major U.S. bank to issue chip and PIN debit cards to its customers. The bank already offers EMV credit cards, but will now issue chipped debit cards to customers as their cards expire. Bank … Continue reading

Home Depot Breach Hit 56 Million Credit And Debit Cards

Earlier this month, Home Depot announced a data breach that hit its 2,200+ home improvement stores in America and Canada. The company now confirms that a whopping 56 million credit and debit cards were affected by the breach. The magnitude … Continue reading Weekly Credit Card Update–September 12, 2014

Apple Pay Could Make you Poorer The new Apple payment system has extraordinary promise. With Apple Pay, you might not need a wallet, and you can leave your credit and debit cards at home. In terms of ease and convenience, … Continue reading

Walmart to Launch EMV-Enabled Credit Card

Shoppers who use the Walmart credit card will be able to enjoy enhanced security as the store rolls out its chip-and-PIN credit cards. This is part of a significant and widespread movement in the United States projected to be completed … Continue reading Weekly Credit Card Update–August 1, 2014

A Third of Americans Delinquent on Debt More than a third of the country is in trouble when it comes to paying debts on time; 35% of Americans have debt in collections, according to a study out Tuesday from the … Continue reading

Square Introduces New Reader for Chip-Based Credit Cards

Today, mobile payments company Square announced it has developed a new credit card reader that will make transactions with chip-enabled EMV cards. Square is a credit card reader that plugs into smartphones or tablets, allowing a credit or debit card … Continue reading Weekly Credit Card Update–July 25, 2014

Will Debit Card Rewards Become a Perk of the Past? Banks are still struggling to regain their footing from the financial collapse and resulting Great Recession. As profits shrink and expenses expand, the biggest banks in America are shedding thousands … Continue reading

How To Use A Chip And Pin Or EMV Credit Card

EMV cards are named for the credit card companies that developed the security system—EuroPay, MasterCard, and Visa. EMV cards are sometimes referred to as chip and pin cards. The great majority of credit cards issued in the United States operate … Continue reading

Credit Card Fraud on the Rise before EMV Switchover

With America on the verge of converting to EMV credit cards in the next few years, fraudsters are trying to get in on last-minute scams. This is particularly true for credit card thieves in Europe, who consider the unsecure American … Continue reading Weekly Credit Card Update–July 18, 2014

Credit Card Fees are Killing Small Businesses There is no real competition in the market for credit and debit card swipe fees. Because Visa and MasterCard control 80% of the card market, they are able to dictate terms. The system … Continue reading

Debit Card Usage Increasing Despite Recent Data Breaches

The 2014 Debit Issuer Study from PULSE showed a consistent growth in consumer and business debit card use in 2013, despite the data breaches that have taken place in the past year. 14% of all debit cards were exposed in … Continue reading