EMV Shifts Fraud to CNP Transactions Creating Omni-Channel Challenges

Notwithstanding EMV has lowered fraud prevention costs for most U.S. companies, fraud continues to shift online. And while merchants and retailers plan to considerably increase investment in payments to improve customer experience (by 50% over 2015), more than three quarters of these organizations view security, compliance and fraud management issues as the biggest barriers to…

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Shanahan to Continue to Steer CardConnect Post-FDC Acquisition

The deal is done. First Data (FDC) and CardConnect have completed their acquisition agreement. CardConnect is now a wholly-owned subsidiary of FDC and CardConnect shares will no longer be traded on the NASDAQ. CardConnect CEO Jeff Shanahan will continue to lead CardConnect operations and will serve as an Executive Vice President and as a member…

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Across-the-Board U.S. Consumer Loan Delinquency is Trending North

While data from many sources, including the Federal Reserve and CardData, show an upward trend in credit card late payments for the past five quarters, overall delinquencies rose in 7 of the 11 individual consumer loan categories tracked by the American Bankers Association (ABA). The ABA composite ratio, which tracks delinquencies in eight closed-end installment…

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Major 4 Network Global Q1 PDV +7% FX YOY Adjusted for EU

Purchase dollar volume (PDV) for Visa, Mastercard, American Express and Discover cards (credit + debit) globally rose 21.2% year-on-year (YOY) on a nominal dollars basis for the first quarter (1Q/17). However, on a currency adjusted basis (FX), global 1Q/17 PDV increased 20.4% YOY, according to CardData. The first quarter PDV figures are skewed as Visa…

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