Time Is On Millennials’ Side

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The Millennials are the generation born between 1983 and 2004.  The youngest is 11 and the oldest is 30 years of age.  They have experienced different cultural, technological and economic conditions in their early formative years than did predecessor generations; Generation X (Gen Xers) born during 1965 to 1982 and the Boomer generation born 1946 […]

ACI in CNBC: The Elephant in the Room this Holiday Season

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This piece, published at CNBC, discusses credit card fraud and its risks to consumers.  Surprisingly, one solution to fix this fraud, Chip and PIN technology, has been around for 15 years and used in Europe for over a decade with great success.  Maybe it is time for the U.S. to move away from its 1970s stripe […]

The Hill–An Easy Step to Reducing Credit Card Fraud

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As the holiday shopping season approaches and on the heels of President Obama’s bold move that requires government-issued credit and debit cards to be equipped with new chip and PIN technology aimed at reducing fraud, the findings of a new Gallup poll are not only timely, but they also underscore the urgent need for action […]

Scrambling For More Security

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At the same time the federal government is levying billion dollar fines on banks for mortgage dealings that preceded the Great Recession, banks are facing sophisticated cyberattacks from Russia that may cost billions more. It is not clear that banks can move swiftly enough to escape Russian cyber-piracy.  So far, they have been slow to […]

Daily Caller: Without Bank Participation, Order Falls Short For Consumers

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President Obama recently signed an executive order that requires government-issued credit and debit cards to be equipped with new chip and PIN technology aimed at reducing fraud.  Given the persistent rash of data breaches aimed at American consumers and businesses, the security measure was met with applause. But despite this progress, the vast majority of […]

In The Coming Mobile Payments Duel, Consumers Win

computer theft

Payment systems can be a dry topic until your credit card stops working or until hackers dip into your credit. Then our interest is piqued in how to avoid today’s clunky credit cards. Mobile payments will deliver more convenience and much more safety for consumers. Unlike the security exposure of credit card signatures and numbers […]

Consumer Concern about Credit Card Security

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A new Gallup poll reveals widespread concern among American consumers about hacking and data breaches. In fact, those polled were more concerned about credit card crime than any other crime they were asked about. American Consumer Institute President Steve Pociask issued the following statement in reaction to the new poll: “The unprecedented uptick in recent […]