Category Archives: Fraud prevention

Fighting Payments Fraud

CARD NUMBERS: protect them or…! Who isn’t concerned these days and cautious about identify theft and misuse of payment card account numbers? In 2016, 15.4 million consumers lost $16 billion; up from $15.3 billion lost by 13.1 million consumers in … Continue reading

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WANT THE FACTS ABOUT CHIP CARDS?

Learn what chip cards are, why consumers are getting them, how to accept them them and more at www.GoChipCard.com/merchant. Official site for U.S. chip card information Chip Cards are here in the U.S.! GOCHIPCARD.COM  

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EMV: ARE YOU IN THE GAME?

    EMV MERCHANT LIABILITY AND EMV USAGE                   Are you up-to-date on current issues affecting the implementation of EMV technology used in accepting card payments?  Are you aware, for example, that liability … Continue reading

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EMV: IMPLEMENTING A MORE SECURE PAYMENTS SYSTEM

  “If you want total security, go to prison.” – Dwight D. Eisenhower   ACTION—REACTION   The shift of financial liability to merchants for those fraudulent POS card-present transactions not processed via EMV-enabled equipment will occur October 1, 2015.  As … Continue reading

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REMINDER: U. S. MERCHANT LIABILITY FOR NON-EMV COUNTERFEIT POS PAYMENT CARD TRANSACTIONS BEGINS OCTOBER 1, 2015

WHAT IS THE EMV FINANCIAL LIABILITY SHIFT?   Beginning October 1, 2015, financial liability for counterfeit point-of-sale (POS) payment card transactions will shift to, “the party that is the cause of a chip transaction not occurring….”1  Essentially, if the financial … Continue reading

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VALUE IN CORPORATE ELECTRONIC PAYMENTS ACCEPTANCE

  A CONCEPT OF VALUE  Koller, Dobbs, and Huyett contend that a business’s value is driven by its growth, return on capital, and resulting cash flows; that value is created when companies generate higher cash flows; and that value depends … Continue reading

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