Links in “Credit/Debit Cards”

Payment Card Industry Data Security Standards, or PCI DSS, audits are required to be done by major payment card issuing companies of retailers and other businesses that process more than 1 million card transactions in a given year. The FTC regards these audits as an assessment to see how well any company protects consumer data. [3/9/16]

The Federal Trade Commission has issued orders to nine companies that conduct payment card industry screening, requiring them to provide the agency with information on how they conduct assessments of companies to measure their compliance with Payment Card Industry Data Security Standards (PCI DSS). [3/8/16]

Fraudsters react to the new EMV card technology by focusing on new account fraud, which more than doubled. [2/4/16]

You get home. You realize you don't have your debit card. You can't remember where you left it. You log into your account on your phone, select "manage debit card settings," an image of your card appears, and you swipe the on/off switch. You're happy. Your bank is happy. The bad guy's not so happy, but two out of three's not bad. [2/4/16]

Here we go again. Maybe. Fraud reports indicate that Wendy's may have had a credit card breach. The fast-food chain is investigating. [1/29/16]

Fewer colleges are sponsoring credit cards and, according to the CFPB, most of those colleges are in violation of regulatory disclosure requirements. A recent study shows there are 65% fewer credit card programs on college campuses today than there were in 2014. [12/22/15]

Steering well clear of credit limits and checking your credit report are among the tips the CFPB is sharing with consumers on the prudent use of credit cards. [12/22/15]

Warning letters to 17 colleges serve as a reminder that schools must publicly disclose their agreements with credit card issuers. [12/21/15]

The first most important defense weapon in combatting online credit card fraud is having well-trained analysts who know how to detect fraud and are armed with advanced detection software. The second most important weapon is in the hands of your members in the form of new technology and common sense. [12/15/15]

Consumers are burning up the plastic this year. CardHub reports that credit card charges year-over-year have increased 34% for the third quarter; the largest increase in the third quarter since 2009. [12/10/15]