Many small businesses not ready for EMV chip cards - Wells Fargo
August 6, 2015 - A majority of small business owners are unaware of the impending EMV1 liability shift coming in October, according to the latest Wells Fargo/Gallup Small Business Index conducted July 6-10.
JPMorgan Chase to double cybersecurity spending
August 5, 2015 - JPMorgan Chase is to double its cybersecurity budget over the next two years in the wake of a massive security breach last summer which saw the contact information of more than 80 million customers stolen.
US bears the brunt of global card fraud losses
August 5, 2015 - The importance of an EMV-compliant infrastructure to stem losses from card fraud has been demonstrated by new figures from The Nilson Report, which show that the US accounted for 48.2% or $7.86 billion of gross losses worldwide on plastic cards last year while generating only 21.4% or $6.187 trillion of total volume.
Mobile banking users set to double over next four years - KPMG
August 3, 2015 - The number of mobile banking users globally is forecast to double to 1.8bn over the next four years, encompassing over 25% of the world's population, according to research by KPMG and UBS.
HSBC chairman calls for policy debate over customer data
August 3, 2015 - HSBC chairman Douglas Flint has called for a public policy debate on the ownership and use of consumer transactional data, as rapid technological change enables banks to assimilate and store vast amounts of personal financial information.
DTCC urges legislative action to overcome G20 obstacles
July 30, 2015 - The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today urged legislative and industry action to address three key obstacles that are hindering achievement of the G20 transparency goals set forth by policymakers in the aftermath of the 2008 financial crisis.
FCA: Firms making good progress in handling unauthorised transactions
July 28, 2015 - Research into how claims are handled for unauthorised transactions (when a payment is made from a consumer's account without their consent) found that firms are making good efforts to deliver fair outcomes for consumers.
Only 17% of businesses use electronic document storage as part of disaster recovery plans, despite 82% admitting importance
July 27, 2015 - Only 17% of UK organisations have incorporated electronic document storage into their disaster recovery (DR) plans, although 82% admit the need to do so is either 'critical' or 'very important' to maintain business continuity. These are the findings of a new survey by global business automation software provider, V1, carried out among senior IT and finance professionals from 92 organisations across the public, private and third sectors.
