Boston, MA (PRWEB) September 08, 2015
The United States is finally modernizing its card payment systems and confronting fraud with rules regarding use of the global EMV chip card standard starting on October 1, 2015. Unfortunately, there’s a lot more to be done before we can say the U.S. payment system is up to speed with the rest of the world on chip card security. And given the focus on “chip” by itself, it will be a long time before overall fraud losses are reduced and consumer fears about data compromise addressed. Decisions and investments made today should take a longer term view of security and the payments landscape.
Mercator Advisory Group is releasing the first item in the Executive Insight Series. The viewpoint, Are the U.S. Chip Rules Enough?, discusses how a longer term view of security and the payments landscape is needed.
"Credit and debit card fraud is the top security concern among U.S. consumers today, topping worries about identity theft and national security," Arthur D. Kranzley, Director Emeritus, Mercator Advisory Group.
Arthur D. Kranzley, Director Emeritus, has over 40 years of financial services experience, including as executive advisor in advanced and emerging payment technologies, assisting companies in the areas of authentication, security, electronic commerce, mobile commerce, smart card, and credit/debit payments.
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About Mercator Advisory Group
Mercator Advisory Group is the leading, independent research and advisory services firm exclusively focused on the payments and banking industries. We deliver pragmatic and timely research and advice designed to help our clients uncover the most lucrative opportunities to maximize revenue growth and contain costs. Our clients range from the world's largest payment issuers, acquirers, processors, merchants and associations to leading technology providers and investors. Mercator Advisory Group is also the publisher of the online payments and banking news and information portal PaymentsJournal.com.