Is EMV the magic bullet for payment fraud?

When you hear about another credit card breach (this time it was Arby’s), you might become a little frustrated. For two years we’ve heard so much about the benefits of EMV in reducing fraud, so why are these breaches are still happening? The Payments Review summarized it well in a recent article discussing the Arby’s breach. What Arby’s… more

Stop Accepting Fake IDs: Discover Automated ID Verification

More than 17 million people experienced identity fraud in 2014, according to the Department of Justice. And in 25 percent of the cases, the victims’ stolen information was used to defraud financial institutions. You could be doing more to protect yourself and your customers, and it starts with better ID verification and detection of fake IDs. Furthermore,… more

Instant Issue Debit Cards: Buyer’s Guide

According to a report from Aite published in June 2017 on the state of instant issuance in the US, there’s good news for credit unions and community banks: The cost of instant issue debit card solutions has gone down in the last decade and printer quality has gotten better. As more issuers recognize the value of instant issuance, the service has… more

Gemalto to acquire 3M’s Identity Management business

Gemalto has entered into agreements to acquire 3M’s Identity Management business for $850 million. 3M’s Identity Management business provides a full spectrum of biometric solutions (finger, face, iris and more), which can be leveraged by banks to improve identity verification for opening new accounts and enabling new services on digital channels, like mobile and tablets. Read the… more

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