Chip-Enabled Cards Are Not a Perfect Solution

October 1, 2015 marked the deadline for merchants and banks to make the switch to computer chip-enabled credit cards, also known as EMV cards. Now retailers – not card issuing banks – are liable for in-store fraudulent purchases. That sounds great on the surface, but unfortunately it’s proving a half-baked solution...

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EMV

January 20, 2016

Smart Plastic: Changing How You Leave a Tip

With so-called EMV or chip-enabled credit cards replacing older magnetic stripe plastic across the U.S., foodies and others accustomed to leaving a tip may encounter some puzzling problems. That’s because the way EMV cards are processed for payment is slightly different than what consumers are accustomed to, and as a...

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EMV

October 6, 2015

EMV Credit Card Fraud Already Present

Three U.S. financial institutions recently reported that they were flooded with fraudulent credit and debit card transactions. What was particularly strange was that this happened despite the fact that the charges were attributed to the newer, more innovative, and much more secure, chip-enabled cards. Although the charges showed up as coming...

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