Payment Security
Canada to overhaul national payments infrastructure
August 11, 2015 - The Canadian Payments Association has hired global consulting firm McKinsey to draw up plans to modernise the nation's core payments infrastructure.
Carphone Warehouse hackers steal 2.4 million bank details
August 10, 2015 - UK mobile phone chain Carphone Warehouse says it has suffered a serious data breach that may have seen the banking details of 2.4 million customers stolen by hackers.
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.
Speech: Fed Reserve governor Jerome Powell on building a safer payment system
June 26, 2015 - Governor Jerome H. Powell. At the Federal Reserve Bank of Kansas City Conference, "The Puzzle of Payments Security: Fitting the Pieces Together to Protect the Retail Payments System", Kansas City, Missouri. Building a Safer Payment System.
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.
Card fraud rises across Europe - ECB
July 22, 2015 - The European Central Bank (ECB) has reported an eight percent increase in fraud among cards issued or acquired within the Single Euro Payments Area (Sepa) for 2013.
Fico records spike in cross-border debit fraud
June 25, 2015 - The percentage of fraudulent transactions occurring outside the UK in 2014 on UK debit cards rose 25 percent in a massive sample of cards studied by analytic software firm FICO.
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.
EMVCo welcomes eight new members
July 8, 2015 - Payment industry engagement in the evolution of the EMVCo Specifications for payment technologies, including tokenisation and 3D Secure 2.0, has continued to increase, with eight new members joining EMVCo's Associate Programme in the past twelve months:
Payments Council publishes ISO 20022 factsheet for real-time payments
June 17, 2015 - A ground-breaking agreement on international cooperation towards ISO 20022 has been reached following a roundtable facilitated by the Payments Council.
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.
PCI SSC updates point-to-point encryption standard
July 1, 2015 - Today the Payment Card Industry Security Standards Council (PCI SSC) published an important update to one of its eight security standards, simplifying the development and use of Point-to-Point Encryption (P2PE) solutions that make payment card data unreadable and less valuable to criminals if stolen in a breach.
Nexo bids to drive unified card payment standards
June 15, 2015 - Nexo, the association set up to develop and promote open standards for card payments, has announced the findings of a study that explores the benefits of harmonising card payment acceptance for Europe's leading retailers.
