Currently, almost half of the world’s credit card fraud happens in the U.S where magnetic stripe technology is the standard. Outside the U.S., an estimated 40% of the world’s cards and 70% of the terminals already use the EMV technology. These countries are reporting significantly lower counterfeit fraud levels with EMV cards than with the … Continue reading
On April 15, 2015, the PCI Security Standards Council issued Payment Card Industry Data Security Standards (PCI DSS) version 3.1 (PCI DSS v3.1), which contains some “minor updates and clarifications” to PCI DSS v3.0, which went into effect on January 1, 2015.… Continue reading