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The ever changing challenge of payments fraud detection

Call it a case of good news masking bad. According to the 2019 Identity Study from Javelin Strategy & Research, credit card fraud dropped by nearly 25% in 2018, or $6.4 billion, compared to $8.1 billion in 2017. The bad news reflects rapidly changing tactics among cybercriminals...

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VX520 Service Bulletin: June 2019

Verifone, a major provider of payment processing equipment, has identified an issue in their VX Series terminals in which a certificate necessary for proper operation will expire on June 25, 2019. On that date, all affected hardware will encounter errors preventing the ability to accept...

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Visa: EMV Drives POS Counterfeit Fraud Down 76 Pct

Visa said that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously.   The latest stats show that the continued upgrade to chip card acceptance – which began in 2015 – has led to...

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Citgo Readies EMV at the Pump

Gilbarco Veeder-Root announced that after extensive testing CITGO Petroleum Corporation officially released EMV acceptance software for retailers at the forecourt.   Along with EMV, Version 11.04B brings Passport EDGE to the CITGO network and is now available to CITGO branded sites with Gilbarco Veeder-Root dispensers.   CITGO performed hundreds...

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Mobile Payments Give Convention Vendors A Boost

If you’ve been to a convention lately—especially one that involves a lot of merchandise—then you know first hand that there’s no shortage of opportunities to sell in a comparatively narrow window. This should be a recipe for sales success, but it can also be difficult...

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