Wal-Mart wants to see chip-and-pin payment cards adopted in the United States in effort to better secure financial transactions, according to a report from the Smart Card Alliance event in May 2010 Scottsdale, Ariz.
“We are working on implementing it in the U.S. It’s time for chip-and-PIN in the U.S.,” said Jamie Henry, Wal-Mart director of payment services, […]

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CARD fraud has been slashed by nearly a quarter by chip and pin and other security measures, experts said yesterday.
The cost of credit and debit card fraud dropped by 23 per cent to £232.8million during the six months to the end of June compared with the same period in 2008. Industry body Financial Fraud Action attributed […]

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First City Monument Bank (FCMB) Plc has begun the replacement of the Magnetic-Stripe ATM Debit cards used for many electronic Banking services such as cash withdrawal at its various Automated Teller Machines (ATMs) and payments on Point of Sale (POS) terminals with a more secure and reliable Chip & PIN ATM Debit card.
The FCMB (Verve) […]

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A trial that could have serious ramifications for the use of chip and pin in debit and credit cards concluded a few days ago.
Alain Job sued Halifax in March 2007 over a number of withdrawals from his bank account made in 2006, which amounted to £2,100.
Mr Job claims he has been the victim of fraud, […]

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A trial that could prove to be a test case for the security of Chip and PIN card technology started on the 30th April 2009.
Alain Job is suing Halifax, claiming that a fraudster withdrew £2,100 from his account at cash machines despite the fact he did not lose his card and changed his PIN as […]

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March is fraud prevention month and Canadians are encouraged to become more aware of the dangers of fraud, to learn how to recognize it, report it and stop it.
Already in wide use around the world, many Canadians are starting to use a new generation of debit and credit payment cards that contain an embedded microchip […]

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InterSwitch, Nigeria’s  premier payment  transactions switching company has launched the first African branded MasterCard MChip4 payment card brand into the vibrant e-payment market in Nigeria . This is in line with the Central Bank of Nigeria’s (CBN) directive which mandates all banks to convert all existing magnetic stripe cards to a more secure Chip and […]

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Sweden’s Handelsbanken is tackling the growth in fraud committed on cards abroad by putting locks on them which customers can disable with a click of a mouse when they leave the country.
Handelsbanken says that since introducing Chip and PIN, card fraud has almost been eliminated in Sweden. However, criminals are now using stolen cards in […]

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Soon everybody will have another set of numbers to remember. In a move to thwart widespread credit card fraud, banks will start introducing a “chip-and-pin” system to replace the traditional magnetic security strip.
Chip-and-pin cards rely on a personal number, usually four digits, rather than a signature, and are thought to be harder to defraud. All […]

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HSBC has hailed chip and pin as a major factor in driving down card fraud in the UK.
However, the bank has warned British cardholders to remain vigilant when traveling abroad, as the technology has not been rolled out everywhere.
“Overseas card fraud has increased, but in the UK when you use a credit card it uses […]

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