Secure Payments Partnership

#DYK More than ONE-THIRD of the world’s credit card #fraud happens in the U.S.? Check out our one-pager to learn why we need to improve the #PaymentSecurity in the U.S.: bit.ly/3demRDC

.@MerchantsPymnts shares @SPP’s goal to make the U.S. #payments system more competitive & transparent to drive #innovation. Learn more: bit.ly/3wZKSHJ

Interoperability between stakeholders in the U.S. #payments industry is determined by #EMVCo’s standards. These standards, formalized & enforced through Visa’s & Mastercard’s rules, govern the card #PaymentsIndustry in the U.S. Learn more: bit.ly/2ybHrDR

As the global #payments market evolves, why does the U.S. continue to fall behind? Read our fact sheet to find out about the corrupt governing bodies of the #PaymentSystem: bit.ly/2ybHrDR

#EMVCo, the self-appointed standards-setting body run by #Visa &# Mastercard, has worked to extinguish routing competition for their own benefit, leading to less #SecurePayment options for debit cards. Read our white paper: bit.ly/2BcfjCz (CC @FMI_ORG, @PCA1933)

It has become increasingly important for online #DebitCard transactions to be made more secure. But currently, NO multi-step authentication is required for online purchases, even though the #tech is available. Find out more in our white paper: bit.ly/2BcfjCz

We need to create collaboration & an open dialogue between #retailers, processors, networks, financial institutions & #consumers to ensure the entire #payments ecosystem is involved in setting & enacting #PaymentSecurity standards. Learn more: bit.ly/2krZWgE

Visit @SPP’s website to learn more about our efforts to drive state-of-the-art #tech & increase competition & collaboration in the #payments industry: bit.ly/2krZWgE (CC @NRFnews, @FMI_ORG @NationalGrocers, @PCA1933, @NACSGR, @MAGpayments)

#DYK U.S. #payment cards account for over $9 BILLION of #fraud in 2019? That’s 7 times the cost of what it took to build @YankeeStadium. 🏟 Learn more about the U.S. #PaymentsIndustry & what needs to be done to improve it in our one-pager: bit.ly/3demRDC

Requiring multiple networks on a credit card will foster #innovation & advancements in security as networks compete for both bank & retailer business. Learn more about why we need competition in the U.S. #payments industry: bit.ly/30dg1Z4

EMVCo uses liability shifts to force #merchants to adopt their #tech. Ex: As the April #OutdoorEMV liability shift approaches, #fuel merchants must implement costly upgrades to POS terminals to be compliant. These upgrades can cost up to $40,000 per pump. bit.ly/3eer9wW

This week’s #ABCsOfPayments is E for “#EMV.” “EMV — managed by #EMVCo — has become the worldwide standard for securing payments via debit & credit cards.” Read more from @CStoreDecisions: bit.ly/3eer9wW

In a world of rapidly changing #tech #innovation, choices made now establish companies’ future competitiveness & resilience. From #UserExperience to process improvement & #automation, learn more about staying ahead of the curve: bit.ly/3sVTPz4

The pandemic has accelerated #digital transformation in #FinancialServices, & firms that do not take this moment to engage in open finance will risk losing their edge over competitors. #Innovation is at the forefront of industry success. Learn more: bit.ly/3sVTPz4

#Merchants shoulder around 70-100% of the cost of online #fraud. By comparison, they are responsible for only 38% in card present scenarios. Merchants will likely bear a larger chunk of card-present fraud losses as EMV transitions occurs. bit.ly/31xKEKh

Today’s #ABCsOfPayments is “F” for Fraud liability. Do you know who pays when card fraud occurs? #Fraud liability is often shared between the #merchant’s locations where the fraudulent payment occurred & with the banks, depending on the fraud situation. bit.ly/31xKEKh