Despite news coverage and social media frustration focusing on perceived shortcomings of credit cards with EMV chip technology, nearly 4 in 5 Americans view chip cards positively.
Concerns about cybersecurity are overtaking those about physical security in the banking sector, although perhaps most front-burner have been issues that cross over into both realms.
Global retailers can expect a 12 percent growth in online fraudulent activity in the upcoming holiday season, compared with the same period last year—and lower ticket prices on fraudster-targeted gifts and products.
One cyber company is predicting a significant increase in card-not-present fraud—fraudulent transactions where a credit card is not physically presented to a merchant—from Black Friday to Cyber Monday when compared to past years.
The risk of payment card fraud is real, driven by the momentum of eCommerce and its cashless consumerism, reliant on payment cards to perform so many transactions. However, the incidence of payment card fraud is expected to change.
Security for Visa Inc. involves traditional physical security, staffing Global Security Operation Centers (GSOC), internal investigations, global travel security, risk management, intelligence and handling security for special events that Visa sponsors.
Delaware and Florida are home to the highest rates of attempted credit card fraud, while Alaskans are the most likely to have their card details used fraudsters, according to a new report.