ACI in FORBES: Credit Card’s Latest Window Dressing

Card giants Visa and MasterCard have been making headlines of late for introducing new software aimed at speeding up the checkout process for consumers using new chip-enabled or EMV (Europay, MasterCard, Visa) credit cards. While any effort by the major card brands to improve the process is welcome, these software fixes are more window dressing […]

ACI in Forbes: “Chip and PIN” Is Ready Now

The ongoing discord between retailers and the banking industry highlights the disagreement regarding payment cards and where the technology is headed. While the financial industry often deflects calls for improving credit card security by conjuring up the prospect of a mobile and biometric payment world, those days are too far from now for us to […]

ACI in Forbes: One Year Later, Consumers Still Lack Protections

This time last year, I was warning consumers about the “elephant in the room” during the holiday shopping season. The “elephant” I was referring to was the alarming lack of security whereby consumers had to rely on outdated magnetic stripe and signature credit cards to protect their personal information. Since then, an October 1st deadline […]

Credit Card Security’s Bait And Switch

In early October, the nation’s premier law enforcement agency, the Federal Bureau of Investigation (FBI), issued a consumer protection advisory regarding new microchip equipped credit and debit cards that warned consumers the new cards with chip and signature technology may not be as secure as they have been led to believe. But within hours, that […]

Congressional Testimony: Chip and PIN Provides Better Protection for Consumers

(WASHINGTON, DC) After today’s second House of Representatives Committee on Small Business hearing on the transition to EMV payment cards, Steve Pociask, President of the American Consumer Institute Center for Citizen Research, issued the following statement: “I once again thank Chairman Chabot, Ranking Member Velazquez, and the House Committee on Small Business for holding another […]

ACI in the Dallas Morning News

Texas’ success and growth are largely due to its diverse and largely healthy economy, including a retail sector that, according to the Texas Retailers Association, has about 107,000 retail establishments and employs over 1.9 million Texans. Yet unlike some of its peers, this industry and the consumers it serves remain unnecessarily threatened. According to a […]