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Fixing Retail’s $600 Billion False Declines Problem When Fighting Fraud

Fighting fraud and pushing back cybercriminals has become the central focus of cybersecurity – and for very good reason. Cybercriminals have proven themselves to be resourceful, technologically advanced and disturbingly successful at leveraging digital tools, making off with staggering sums in ill-gotten gains. Pushing back those efforts...

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Federal Reserve solicits comments on debit routing update

To make clear that debit card issuers should allow merchants a choice for routing card-not-present debit payments, the Federal Reserve is seeking public comment on proposed changes to Regulation II.   The regulation allows the government to cap interchange fees on debit transactions for larger issuers, as...

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