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 […]
There is yet another significant increase in insurance fraud that is pushing up homeowner premiums in Florida. This op-ed discusses the problem and how it can be fixed. PUBLISHED IN CONTEXT FLORIDA: http://contextflorida.com/archives/12846/alan-daley-the-new-magnet-for-insurance-scams-in-florida When consumers experience water damage unconnected to hurricanes, they usually call a plumber, a roofing specialist or their insurance company to repair the […]
This piece discusses the finance industry’s decision to move to chip and signature credit card verification instead of more secure chip and PIN technology. To read why this decision is bad for consumers, visit the Hill’s Congress Blog.
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 The “elephant” I was referring to was the alarming lack of security whereby consumers had to rely on outdated magnetic stripe and signature credit cards to protect their personal information.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 […]
For more than 10 years, Europe has used the more secure “Chip and PIN” over the old “Chip and Signature.” This ZDNet article discusses the issue from multiple perspectives, and it quotes ACI on how the Chip and PIN protects better against credit card fraud.
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 […]
This article, published in today’s Toledo Blade and written by ACI’s Steve Pociask, explains how modern technology will help foil credit card fraud. To read the op-ed, visit The Blade.
A recent piece in The Hill’s Congress Blog missed some important points on the security benefits that chip and PIN technology provides. While I agree with the author’s view that there is no silver bullet for preventing all credit card fraud, chip and PIN is the best available near-term solution to protect American consumers from […]
Each year some Florida homeowners deal with wind damage or flooding from faulty plumbing or similar unforeseen mishaps that are covered under an insurance policy. Naturally, water removal and roof repairs often need immediate attention to lessen the spread of the damage. Homeowners are usually stressed when they call for urgent help from a tradesman […]
There are several important issues scheduled for this legislative session in Florida that are worth noting because they will reduce taxes and fraud, thereby saving consumers money. First, companion bills HB 7141 and SB 110 take steps to reduce cell phone taxes. Florida consumer pay over 20% tax on cell phone bills each month. For young, minorities and […]