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Payment Security

India is set for a digital payments revolution, with the value of transactions set to hit US$500 billion by 2020, ten times its current level, according to research from Google and the Boston Consulting Group (BCG).

March 31, 2016 - Americans are quickly embracing EMV chip cards, just six months after the latest milestone in the migration timeline. While consumers increasingly dip their cards to pay in-store, progress has been made by both card issuers and merchants.

February 17, 2016 - Heartland Payment Systems (NYSE: HPY), one of the nation's largest payment processors, today announced it has worked with the Smart Card Alliance to launch the National Center for Advanced Payments and Identity Security, a new training facility hosted by the Alliance.

January 13, 2016 - 16.5 billion e-commerce card payments worth $2.1 trillion were made worldwide in 2014 according to a recent study by RBR.

March 29, 2016 - Global technical body EMVCo has released a bulletin updating the EMV® Payment Tokenisation Specification – Technical Framework to provide the payment community with a global, consistent framework to implement 'Payment Account Reference' (PAR). To be used by merchants, acquirers and payment processors, PAR can enhance security by limiting references to a cardholder's primary account number (PAN) in the payment ecosystem.

February 2, 2016 - Incidents of new account fraud in the US doubled last year, as criminals switched tactics in response to the introduction of EMV chip cards.

December 21, 2015 - Technical body EMVCo has released official figures which demonstrate that one in three of all card-present transactions undertaken globally between July 2014 and June 2015 used EMV® chip technology.

March 17, 2016 - American Express is writing to some card members warning that their account information has been compromised by a data breach at a third party provider.

January 27, 2016 - The Bank of England is developing a blueprint to modernise the UK's 20-year old real-time gross settlement system to deal with changing payment habits and the emergence of distributed ledger technology.

December 8, 2015 - The European Payments Council (EPC), representing payment service providers, and the Cards Stakeholders Group (CSG), a multi-stakeholder body gathering retailers, vendors, processors, card schemes and the EPC, today published version 7.1 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the Volume).

February 29, 2016 - Cryptomathic, a leading provider of crypto solutions, announced today that it has joined the PCI Security Standards Council as a new Participating Organisation.

January 25, 2016 - The Bancorp, Inc. (NASDAQ: TBBK), today announces the release of its next Finetics™ Studio interview series: "The Impact of EMV on Fraud" featuring Julie Conroy, Research Director, Aite Group; Dan Rosen, Founder and General Partner, Commerce Ventures; Render Dahiya, CEO, Arroweye Solutions; and Charles Crawford, Senior Vice President, Payment Acceptance, The Bancorp.

December 8, 2015 - The European Payments Council (EPC), representing payment service providers, and the Cards Stakeholders Group (CSG), a multi-stakeholder body gathering retailers, vendors, processors, card schemes and the EPC, today published version 7.1 of the Single Euro Payments Area (SEPA) Cards Standardisation Volume (the Volume).

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