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Putting the Finishing Touches on PAR

Putting the Finishing Touches on PAR

EMVCo is getting formal about tokenization.   The chip card standards body, which manages the Europay/MasterCard/Visa (EMV) payment technology standard, this week officially updated its tokenization specification to include the new Payment Account Reference (PAR) data...
A Slow Year for Tax Returns Processing

A Slow Year for Tax Returns Processing

Uncle Sam doesn’t accept excuses for late tax returns,and neither do state governments. However, it seems both entities are going to be late with tax returns processing—and hence, the issuance of refunds—this year, data security specialist Brian Krebs reported in his...
EMV: Merchants’ Newest Gift Card Wrinkle

EMV: Merchants’ Newest Gift Card Wrinkle

The EMV liability shift has laid an unwanted “present” at the gift card industry’s feet. Now on the hook for fraudulent card-present transactions under the liability shift umbrella, merchants that haven’t upgraded to EMV-compliant point-of-sale technology are putting...