Linda Kirkpatrick | October 19, 2017
For many years cardholders were required to sign their name when they purchased something by credit or debit card. But think about the purchases you’ve made over the past week or month. How many of them required you to sign on the dotted line? In my case, I made three quick stops on the way into work this morning and didn’t scribble my name for any of those purchases.
Continue reading “Sign your receipt? MasterCard customers can skip it”
BY ALOYSIUS LOW | OCTOBER 4, 2017 3:27 AM PDT
In the near future, we’ll be paying for goods and services with our phones rather than our credit cards, says a report from the United Nations Conference on Trade and Development (UNCTAD).
In 2014, 51 percent of payments in developed countries were made with credit cards. However, that number is expected to dip to 46 percent in 2019 as advances in technology will make it easier for people to pay for things with their phones. This won’t apply to developing nations, where cash is still the preferred choice.
Continue reading “Mobile payments to overtake credit cards by 2019, says UN report”
By JoAnn DeLuna / October 04, 2017
While it can take between six months or even as long as 18 months for a credit card breach to be detected, it takes nine minutes or less for a criminal to use stolen credit card data, MasterCard SVP of security standards and solutions Bruce Rutherford said. With an increasing number of businesses and smartphones being hacked, MasterCard has launched Early Detection System, which alerts MasterCard commercial and consumer credit card issuers their accounts may have been compromised.
Continue reading “MasterCard Launches Fraud Early-Detection Tool for Issuers”
BOSTON, Oct. 3, 2017 /PRNewswire/ — In the rapidly evolving retail environment, it is critical for merchants to stay nimble and have the ability to change their payment processor as business needs dictate. Building on its mission to make payments seamless and flexible for retailers, payments technology company Cayan® has announced its sixth EMV certification with TSYS, a leading global payments provider. With this latest certification, Cayan is now certified with six of the largest merchant processors in the country. With TSYS EMV as part of Cayan’s processor-agnostic Genius® Platform, retailers have a competitive edge that allows them to maintain their payment technology while having the flexibility to switch their payment processor as needed – for both online and in-store payments – all streamlined through Cayan’s Genius Platform. Continue reading “Cayan Adds TSYS EMV Certification”