Inventory loss through shoplifting or internal theft, unsuccessful in-store promotions, even long lines at the register – all of these are pain points for retailers and can seriously impact the bottom line.
According to a CardHub survey of 55 major retailers and 1,000 individuals, 42% of retailers have not updated the terminals in any of their stores and 56% of people don’t care if a retailer’s payment terminal is chip-enabled.
Fifty-four percent of respondents in The Global Study on the State of Payment Data Security, conducted by the Ponemon Institute on behalf of Gemalto, have had a security or data breach involving payment data an average of four times in the past two years.
Heartland Payment Systems 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.
So, here we are, living in the “future”… many of us now finally have chip cards; the G20 nations are all in the post “liability-shift” world; we’re all expecting to be living in the new paradigm.
American consumers believe it is acceptable (by a 54 percent to 24 percent margin) for employers to install monitoring cameras following a series of workplace thefts.
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