As all investors know, there can be no reward without risk. With volumes rocketing, card-not-present (CNP) payments offer the potential to generate handsome rewards. But in parallel, the risk of fraud ...
Card present (CP) fraud happens even with chip-enabled credit cards. Skimming and shimming are ways thieves steal personal information. File a complaint with your card issuer or agencies like the CFPB ...
As this trend of internet and phone shopping keeps growing, so-called “card-not-present” (CNP) shopping activity (which are transactions where you don’t physically swipe your credit card) continues to ...
Nearly a decade after promulgation of Regulation II — better known as the Durbin Amendment — the Federal Reserve Board proposed changes to modernize the regulation by clarifying that the exclusivity ...
Debit card issuers have nine months to ensure all transactions made with their cards — including card-not-present payments — can be processed by at least two unaffiliated networks. The same ban on ...
Credit card fraud is the most common form of identity theft, according to the Federal Trade Commission (FTC). The four major credit card networks — Visa, Mastercard, American Express and Discover — ...
Credit cards are an essential form of payment for millions of Americans, and processing credit card transactions is an unavoidable requirement for merchants. However, each swipe comes with fees ...