More than nine out of ten finance professionals firmly believe EMV cards will be effective in reducing POS fraud. In addition, 61% believe chip-and-PIN will be the most effective authentication method in mitigating credit/debit card payments fraud.
CPI Cards’ EFT Source is now providing financial institutions with an online portal through which cardholders can order fully customized debit cards. The new custom card design solution, MYCA, will increase card activation and usage, which generates additional interchange revenue.
U.S. Bank wants to make innovation its middle name and as such has anointed Dominic Venturo to lead the charge. As executive vice president and chief innovation officer, Venturo will lead the efforts to identify emerging technology or new business models.