Credit cards are taking back market share from debit and prepaid ones — a sign our Recessionary scars are healing.
Of any checking account feature, customers rated debit cards as the most essential. A whopping 60 percent said they couldn’t image living without a debit card.
An EMV card with a smart chip loaded with encryption technology is difficult for anyone to clone at any price, let alone your run-of-the-mill petty criminal.
Another data breach has become official in 2014. Staples confirmed on Friday that approximately 1.16 million consumer credit and debit cards were compromised as part of an incident it has been investigating since October. According to Staples, hackers obtained cardholder names, payment card numbers, expiration dates, and card verification codes, after sneaking malware onto the point-of-sale systems
The attack may have compromised consumers’ credit and debit card account numbers, expiration dates and verification codes.
Protect yourself by ignoring suspicious links, keeping unique passwords across accounts and monitoring bank statements regularly.
The office supply retailer is investigating a possible credit card data breach.
The next debit card you get will probably have a little golden chip in it, and that’s a good thing.
As data breaches continue to make headlines, Bank of America is enhancing the encryption capabilities on debit card transactions.
An infiltration of the retailer’s payment system has potentially compromised consumer credit card and debit card information.