It doesn’t matter if consumers charge more on their cards overall for Visa to have strong earnings growth — it just takes more of them using credit and debit cards, or more transactions.
The malware is believed to have been present between April and September 2014. Home Depot said its investigation began Sept. 2, after the company received reports from its banking partners and law enforcement.
It’s also been rumored that “iWallet” will use near-field communication (NFC) technology in conjunction with the fingerprint security system that launched on last year’s iPhone 5S.
A data breach affecting a chain of nearly 1,000 grocery or food stores around the U.S. is the latest attack on credit card security and a fresh reminder of how vulnerable consumers still are.
The MoneyGram AccountNow Visa Prepaid Card carried 18 fees that a consumer could encounter, compared with the American Express Bluebird card with only 2 fees, CardHub found.
The future in mobile payments and wearable technology has arrived. At least for those who are willing to wear a men’s suit.
Facebook is reportedly near regulatory approval in Ireland for a service that would allow the social network’s users to store money via Facebook and use it to pay and exchange money with others.
Walmart also alleget that the fees cost U.S. retailers and shoppers more than $350 billion between 2004 and November 2012. The outcome may help drive down swipe fees for retailers, ultimately generating some savings for customers at the check-out counters.
Replacing swipe-and-sign credit card transactions is important for enhanced security. In its place will be the “chip and PIN” process already in use throughout Europe and other parts of the world. Chip technology generates a unique code for every transaction.
Here is one more problem created by the massive Target security breach affecting at least 70 million consumers: a backlog of orders at the companies that make the replacement cards. However, fraudsters who are taking advantage of the Target breach have no problem counterfeiting stolen cards quickly.