Good news for the more absent-minded among us: PNC Bank can print you a new debit card instantly, on the spot, if you’ve lost yours.
PNC will even reprint a new chip style card, making it quick and easy to get a new one if yours if lost, stolen, or otherwise missing in action. The new chip cards are more secure than old magnetic stripe style cards; another reason to put your mind at ease if you’ve left your card behind somewhere.
Instant card issuance, known as ICI is available at...
For years, the United States has lagged behind other countries when it comes to payment security. EMV cards, also called chip-enabled cards, or chip-and-PIN cards, are standard across Europe and Asia, but haven’t caught on as quickly in the U.S. This is despite the fact that they are more secure than traditional magnetic stripe cards, and also in spite of the numerous data breaches that have compromised consumer payment information over the last year.
As of October 1, 2015, banks have...
The coming wave of chip-enabled EMV credit cards is good news for consumers, who will be better protected from fraudulent charges and identity theft, but for small businesses, it could be a headache.
As of October 2015, businesses must be prepared to accept EMV credit cards, which are equipped with microchips that encrypt cardholder information and keep people safe from credit card thieves. If they don’t accept the cards, they can be held liable for fraudulent charges. However, becoming...
A group of consumer advocates and nonprofit companies are urging the United States government to push for faster adaptation to chip and PIN technology in order to protect consumers.
“Congress must urge the nation’s largest credit card issuers—particularly the big banks and credit unions—to do everything they can to provide the best possible safeguards to protect consumers and their financial transactions,” said a letter signed by companies such as ProtectMyData, the Multicultural...