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Emv Chip

Why More U.S. Retailers Have Yet to Upgrade for EMV

John Rampton | Posted 05.27.2016 | Business
John Rampton

According to CardHub, 42 percent of retailers have yet to upgrade their terminals.

After EMV Shift, Credit Card Transactions Still Not as Safe as Possible

NerdWallet | Posted 05.25.2016 | Business

by Ellen Cannon It's been more than six months since the rules surrounding credit card fraud changed, driving a shift from old magnetic-stripe cred...

The 2 Things Your Credit Card Should Have If You're Traveling Abroad

NerdWallet | Posted 05.24.2016 | Business

By Laura McMullen Will you stay in a hostel or a hotel? Learn the language or wing it? Traveling abroad requires you to make many decisions, includin...

Is Your New Credit Card Holding Up the Checkout Line?

Robin Raskin | Posted 05.09.2016 | Technology
Robin Raskin

Usually newer tech means faster tech but that's not the case with EMV. Chip based cards are actually slower than mag based cards because there's a lot more data being transferred back and forth compared to the swipe. Your card, the POS system and your card issuer are having a high tech chat that includes encryption and randomizing your data. More secure, yes. More time consuming? That too.

Sean Talks Credit: Slow EMV Credit Card Payments Could Get Faster

NerdWallet | Posted 05.16.2016 | Business

By Sean McQuay The last time you checked out at the store, it might've taken a little longer than usual. That's partly because the new EMV card reade...

Why EMV Cards Don't Protect You at ATMs and Gas Pumps

NerdWallet | Posted 01.13.2017 | Business

As retailers push to update their credit card readers and systems to be compatible with EMV chip technology, crooks have turned their attention to gas pumps and ATMs to steal card information.

EMV Credit Card Chips: No Silver Bullet, but a Significant Step Forward in Fraud Reduction

ACM, the Association for Computing Machinery | Posted 01.05.2017 | Technology
ACM, the Association for Computing Machinery

By Steven Myers Associate Professor of Computer Science and Informatics Indiana University With the New Year beginning, we have just come through...

Ending Indifference Toward Consumer Financial Safeguards

Steven Smith | Posted 11.12.2016 | Black Voices
Steven Smith

Consumer vulnerabilities affect everyone -- financial institutions and retailers who must bear the cost, small businesses whose reputations' suffer if their consumers are affected by fraud, and most importantly, working class Americans who have to bear these consequences firsthand.

Careful! New Credit Cards Aren't Safer Yet

MoneyTips | Posted 11.04.2016 | Business

October 1st was supposed to be a transition day for U.S. businesses with respect to credit cards. With a few exceptions like autopay gas pumps, credit card transactions were scheduled to be switched to the EMV method of payment processing.

The 10 Commandments of Credit Card Processing

Tanya Williams | Posted 11.03.2016 | Business
Tanya Williams

One major industry change that every business owner should be aware of is called EMV. There are two Billion EMV Cards currently issued, according to EMVCO LLC, the corporation that manages these standards. This global standard for accepting credit cards, also known as Europay, Mastercard and Visa, will require all business owners to maintain compliant equipment.

The Benefits of Your New EMV Credit Cards

Robert Harrow | Posted 10.20.2016 | Business
Robert Harrow

The news has been abuzz with the new smartchips that are being rolled out for credit card users across the United States. They have caused a major disruption to how Americans interact with their old trusty pieces of plastic.

Chip Card Deadline Approaching: What It Means for Cardholders

Million Mile Secrets | Posted 10.01.2016 | Travel
Million Mile Secrets

Fraudulent transactions made with a credit card will be the responsibility of the merchant if they haven't upgraded their systems to accept chip-enabled cards. Currently, it's the responsibility of the card issuer (subject to the card's terms and conditions).

National Cyber Security Awareness Month: It's a Team Effort

David L. Brown | Posted 09.30.2016 | Technology
David L. Brown

Based on research from other countries, analysts are predicting that while storefront retailers will see a decline in fraud, online credit card fraud will likely rise, since online purchases don't allow the extra level of security the chip provides.

Credit Cards: What Small Businesses Need to Know About EMV

Ashley Wren Collins | Posted 09.28.2016 | Business
Ashley Wren Collins

Beginning October 1, 2015, businesses that are not able to accept EMV (Europay®, MasterCard® and Visa®) chip cards will be liable for any fraudulen...

Everything You Need to Know About Switching to Chip Cards | Posted 09.18.2016 | Business

If you have a debit or credit card, you've likely noticed that you've recently received a new version of the card that includes a chip. As such, you're probably wondering what this chip is and why your cards need it.

Why Are Businesses Not Upgrading to EMV?

Robert Harrow | Posted 09.11.2016 | Business
Robert Harrow

Unfortunately for many business owners, many of them will only be reading and hearing about the importance of EMV in the coming months, as the story gains national coverage - with 20 days to go before the liability shift occurs, many will be left wishing they were better informed, at a much earlier time.

Credit Card Fraud: Why EMV Matters in the U.S.

Robert Harrow | Posted 08.05.2016 | Business
Robert Harrow

We are currently in the middle of a massive technological shift - one that might be going unnoticed by most consumers. The debit and credit cards most individuals carry around in their wallets are being upgraded to a higher global standard known as EMV.

America's Transition to Chip-Enabled Credit Cards

Kari Luckett | Posted 06.30.2015 | Money
Kari Luckett

As the October 2015 deadline quickly approaches for the shift from magnetic strip cards to the new chip-enabled cards, there is some confusion about how the transition will affect consumers.

5 Best EMV Chip Cards For Your Summer Travel Plans | Posted 06.29.2015 | Money

Whether you're planning a European vacation this summer or just looking for a great travel card that also has the EMV technology, we've detailed five of the best travel rewards credit cards.

POS Breaches in 2015: The Good, the Bad and the Ugly

Joe Ross | Posted 03.16.2015 | Technology
Joe Ross

Take the time to find out when you can receive a debit and/or credit card with chip-and-pin technology from your financial institution. While it likely will get worse before it gets better, merchants and financial institutions are taking baby steps toward a more secure payment future.

Payments 101: How to Make Shopping More Secure

Joe Ross | Posted 10.15.2014 | Technology
Joe Ross

There's a movement happening in the payments world. With so many retailer data breaches in the past year, consumers, financial institutions, retailers and security professionals are wondering, plain and simple: how can we make shopping more secure?

Magnetic Stripes, Chip-and-PIN and Chip-and-Signature: What You Need to Know

Eric Adamowsky | Posted 04.27.2014 | Business
Eric Adamowsky

In the aftermath of a security breach at Target that compromised more than 40 million credit and debit cards and an attack on Neiman Marcus that affected 1.1 million cards, banks, credit card providers and merchants have renewed efforts to protect payment information.

Best Credit Cards With No Foreign Transaction Fee

Curtis Arnold | Posted 07.09.2012 | Business
Curtis Arnold

Today, with instant Internet authorizations and real-time currency conversion, it hardly seems fair to charge a foreign transaction fee. Fortunately, a growing number of banks agree.

Credit Cards With Chips: Are the Urban Legends True?

Curtis Arnold | Posted 01.03.2012 | Business
Curtis Arnold

It's no surprise that urban legends and myths have proliferated about the new EMV chip credit cards. Here are a few of the most common, along with our opinion as to their veracity.

Your Next Credit Card May Change the Way You Shop

Curtis Arnold | Posted 01.02.2012 | Business
Curtis Arnold

For the past few years, Europe has been the testing ground for new credit card technology that could eventually render your current credit card obsolete.