Posts Tagged EMV
Europol reveals €1.5 Billion Euro in Credit Card Fraud, how it is stolen and why they struggle to catch the criminals
Posted by brianfpennington in PCI DSS Compliance on 25/01/2013
Europol’s Situation Report for Credit Card Fraud 2012 summaries fraudulent activity for credit cards across Europe is a very interesting read. It explains how the criminals act and with what types of techniques and why the Law Enforcement Agencies struggle to catch them. A summary of the Europol report is below. The criminal market of payment […]
The U.S. Leads the World in Credit Card Fraud
Posted by brianfpennington in brian pennington on 22/11/2011
In the Nilson Report: Global Credit Card Fraud Losses they reveal that the U.S. currently accounts for 47% of global credit and debit card fraud even though it generates only 27% of the total volume of purchases and cash, according to the Nilson report: Global Card Fraud. Payment card fraud losses totaled $3.56 billion last year […]
PCI Security Standards Council announces winners of Special Interest Group elections
Posted by brianfpennington in PCI DSS Compliance on 15/11/2011
The PCI PCI SSC today announced the results of the PCI Council election for Special Interest Groups (SIGS). Special Interest Groups (SIG) leverage the expertise of more than 600 PCI SSC Participating Organizations and provide a vehicle for incorporating their ideas and input into the work of the Council. Almost 500 votes were cast by merchants, financial institutions, […]
PCI Security Standards Council opens election for new Special Interest Groups
Posted by brianfpennington in PCI DSS Compliance on 24/10/2011
The PCI Security Standards Council (PCI SSC) opens election for new Special Interest Groups (SIG). The Council developed Special Interest Groups (SIG) to leverage the expertise of more than 600 Participating Organizations and provide a vehicle for incorporating their ideas and input into the work of the Council. SIGs focus on providing recommendations to the Council which often results […]
Card fraud and online banking fraud down, but cheque and phone banking fraud up
Posted by brianfpennington in brian pennington on 05/10/2011
New figures released on the 5th October 2011 show that fraud losses on UK cards decreased in the first half of 2011 compared with the same time last year, as did fraud on online bank accounts. However, cheque fraud and fraud on phone banking accounts increased over the same period. Total fraud losses on UK cards […]
PCI Security Standards Council Exceeds 100 Members in Europe
Posted by brianfpennington in PCI DSS Compliance on 22/08/2011
In advance of annual PCI Community Meeting, Council celebrates more than 100 European companies as key contributors to the ongoing development of the PCI Standards. The PCI Security Standards Council (PCI SSC), a global, open industry standards body providing management of the Payment Card Industry Data Security Standard (PCI DSS), PIN Transaction Security (PTS) requirements and […]
Exactly how many Merchants are PCI DSS compliant?
Posted by brianfpennington in PCI DSS Compliance on 18/08/2011
The number of Merchants who are compliant to the Payment Card Industry Data Security Standard (PCI DSS) vary from continent to continent, country to country but the figures released by VISA for the US make interesting reading. The table below shows the results for the US up to the 30th June 2011 as per the […]
Comparison Of Cost Of Ownership Between In-House And Managed Pay
Posted by brianfpennington in PCI DSS Compliance on 31/03/2011
Interesting article comparing two payment methods a Merchant could choose. It is written by a managed Payments Provider but tries to deliver the assumptions and figures as accurately as it can. “The objective of this study is to compare an in-house supported credit/debit card EMV (Europay,MasterCard and Visa) Chip & PIN and PCI-DSS(Payment Card Industry Data Security Standard) […]
Card Payments Roadmap in the U.S.: How Will EMV Impact the Future Payments Infrastructure? – Smart Card Alliance
Posted by brianfpennington in brian pennington, PCI DSS Compliance, Uncategorized on 21/02/2011
The EMV specification defines technical requirements for bank cards with embedded microchips and for the accompanying point-of-sale (POS) infrastructure. With few exceptions (primarily in the United States), financial institutions worldwide issue EMV bank cards to businesses and consumers. According to EMVCo, approximately 1 billion EMV cards have been issued globally and 15.4 million POS terminals accept EMV cards. The primary […]
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