MasterCard has announced enhancements to its industry leading security efforts, providing U.S. cardholders with greater protection from fraud and identity theft. “Fraud prevention and detection is a 24/7 job at MasterCard. The changes that we’re making in cardholder protection combined with our efforts to move the U.S. payments industry to EMV chip technology will help
Fiserv, Inc. and MasterCard have announced an agreement to make MasterCard’s U.S. common debit EMV solution available for the Accel debit network. Under this agreement, MasterCard issuers receive flexibility to select and implement network relationships, while merchants and acquirers will continue to route transactions as they prefer, without introducing multiple applications and complicated technology upgrades.
MasterCard and Visa have announced the formation of a new cross-industry group focused on enhancing payment system security to keep pace with the expectations of consumers, retailers and financial institutions. The group will initially focus on the adoption of EMV chip technology in the United States, in addition to addressing other security-related topics, including tokenization,
ATMIA has posted a response to a January 8 open letter by MasterCard, signed by North American Markets President Chris McWilton, that affirmed there would be no changes to the liability shifts set out in MasterCard’s EMV roadmap. The letter claims that a delay in the liability shift dates would “potentially increase the U.S.’s disproportionate
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