Tag: EMV

US Card Issuers Lost US$10.9bn in Revenue In 2015

Fraud remains a critical flaw for the traditional payment system. According to a new report by LexisNexis Risk Solutions, US card issues alone lose US$10.9bn in revenue every year. Credit cards are the biggest culprits, albeit debit card solutions are not safe from harm either. The Annual Fraud Losses Stack Up In The US It is no secret how credit and debit card fraud continues to make headlines throughout the …
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Bitcoin Remains Secure While EMV Chip Leads To Increase In Identity Fraud

Just a few months ago, plastic card issuers and manufacturers had come up with a new way to protect payment information from being hacked or stolen. By using an EMV chip in every plastic card, consumer data would no longer be transferred through the magnetic stripe on the back when paying by credit or debit card. But it looks like internet criminals have switched tactics, making this entire concept pointless. …
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Silicon Valley Mall Has No Idea What Bitcoin Is

To many people, the Bitcoin revolution seems to be in full effect all over the world. Transaction volumes keep rising, more unique wallet addresses are generated, and the price has been relatively stable for quite some time now. But that doesn’t mean Bitcoin can be used in more real-life situations than before. Not even businesses located in the heart of Silicon Valley know what Bitcoin is, let alone accept is …
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ATM Skimming Worries SEPA Zone – Time For Bitcoin?

It goes without saying that protecting the world of finance is a difficult job, as there are so many different possible attack vectors to take into consideration. One of the most recent – and worrying – trends is the increase in skimming attacks on ATMs. Bitcoin ATMs, on the other hand, are not subject to these attacks, as there are no physical cards involved in the process. Also read: American …
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