As businesses and financial institutions grapple with data security in the wake of high profile breaches, tensions between retailers and the credit card industry over the creation and implementation of security standards appear to be growing. The disagreements between these two groups manifested themselves on June 2, when the National Retail Federation (“NRF”), the world’s
Credit Card Fraud Liability Shift Looms for Retail Industry
On October 1, 2015, a substantial portion of the liability associated with in-store fraudulent credit card purchases will shift from credit card issuers, such as banks or credit unions, to retail merchants. Credit card companies instituted the shift in a push to force retailers to adopt new EMV (EuroPay, MasterCard, and Visa) chip technology over
‘Tis The Season We Fear The Data Breach Thieves
During the holidays, consumers are pulling out debit and credit cards again, again and again. It is with a degree of blind faith those same consumers trust their personal data is going where intended and not into the hands of some nefarious character. But with recent well-publicized data breaches at major retailer stores, consumers have