Debit Card Issues: Breaches, Resolving Errors & Other Concerns

in 

• Bank Operations

 

• Compliance

 

• Education

 

• Education Events

 

• Fraud

 

• Security

 

• Senior Management

 

• Telephone Seminars


• Wealth Management

 

• Webinars

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Debit Card Issues: Breaches, Resolving Errors & Other Concerns

WEBINAR – ON DEMAND WEB LINK – FREE CD ROM

Register



Thursday, July 8, 2010

12 - 1:30 pm PT

1 - 2:30 pm MT

2 - 3:30 pm CT

3 - 4:30 pm ET   

Your debit card franchise is poised for rapid growth in 2010 and beyond . . .

but so are identity theft, data breaches, and card regulation.  Are you ready?

Last year, debit and prepaid card transactions grew 13% as consumers migrated in droves from “pay later” to “pay now.”  But last year also saw the biggest card breach in history and the first real threat to the integrity of PIN security as criminals successfully reversed HSM encryption at RBS/Worldpay.  Revisions to Reg E, ongoing implementation of the CARD Act, and the evolution of PCI rules also present major challenges and opportunities for card-issuing community banks.  Learn what your bank should do strategically and tactically to protect its fastest-growing payment franchise and the customers who use it.



Continuing Education: Attendance verification for CE credits provided upon request.



HIGHLIGHTS

•    Debit card security update:  End-to-End (E2E) Encryption vs. Tokenization vs. EMV

•    Regulatory Update:  Title IV of the CARD Act and PCI

•    Fee income threats:  Bank of America, overdraft opt-in for one-time debits, shift to PIN

•    Resolving debit errors:  hold-triggered overdrafts (signature vs. PIN)

•    Deputizing customers in the fight against fraud:  one- and two-way mobile text alerts

•    The future of debit:  online PIN debit, EMV and P2P

•    Next steps:  top 5 debit moves for 2010



WHO SHOULD ATTEND?

This informative session is designed for bank management; operations/marketing officers; and staff responsible for managing credit/debit card programs and other payments services/initiatives.



MEET THE PRESENTER

Lee Wetherington

Profit Stars    

Place: 

Webinar

Date: 

Jul 8 2010

Debit Card Issues: Breaches, Resolving Errors & Other Concerns

in 

• Bank Operations

 

• Compliance

 

• Education

 

• Education Events

 

• Fraud

 

• Security

 

• Senior Management

 

• Telephone Seminars


• Wealth Management

 

• Webinars

Printer-friendly VersionShareThis

---

Debit Card Issues: Breaches, Resolving Errors & Other Concerns

WEBINAR – ON DEMAND WEB LINK – FREE CD ROM

Register



Thursday, July 8, 2010

12 - 1:30 pm PT

1 - 2:30 pm MT

2 - 3:30 pm CT

3 - 4:30 pm ET   

Your debit card franchise is poised for rapid growth in 2010 and beyond . . .

but so are identity theft, data breaches, and card regulation.  Are you ready?

Last year, debit and prepaid card transactions grew 13% as consumers migrated in droves from “pay later” to “pay now.”  But last year also saw the biggest card breach in history and the first real threat to the integrity of PIN security as criminals successfully reversed HSM encryption at RBS/Worldpay.  Revisions to Reg E, ongoing implementation of the CARD Act, and the evolution of PCI rules also present major challenges and opportunities for card-issuing community banks.  Learn what your bank should do strategically and tactically to protect its fastest-growing payment franchise and the customers who use it.



Continuing Education: Attendance verification for CE credits provided upon request.



HIGHLIGHTS

•    Debit card security update:  End-to-End (E2E) Encryption vs. Tokenization vs. EMV

•    Regulatory Update:  Title IV of the CARD Act and PCI

•    Fee income threats:  Bank of America, overdraft opt-in for one-time debits, shift to PIN

•    Resolving debit errors:  hold-triggered overdrafts (signature vs. PIN)

•    Deputizing customers in the fight against fraud:  one- and two-way mobile text alerts

•    The future of debit:  online PIN debit, EMV and P2P

•    Next steps:  top 5 debit moves for 2010



WHO SHOULD ATTEND?

This informative session is designed for bank management; operations/marketing officers; and staff responsible for managing credit/debit card programs and other payments services/initiatives.



MEET THE PRESENTER

Lee Wetherington

Profit Stars    

Place: 

Webinar

Date: 

Jul 8 2010

EU antitrust case against Visa: FAQs

Finextra reports:



Antitrust: Commission market tests Visa Europe's commitments to cut Multilateral Interchange Fees (MIFs) for debit cards transactions - frequently asked questions.

Interchange fees are charged by a cardholder's bank (the 'issuing bank') to a merchant's bank (the 'acquiring bank') for each sales transaction made at a merchant outlet with a payment card.

Interchange fees are either agreed bilaterally, between one issuing and one acquiring bank, or multilaterally, by a number of issuing/acquiring banks or by means of a decision binding all banks participating in a payment card scheme. The industry refers to these multilateral interchange fees as "MIFs". A MIF can be a percentage, a flat fee or a combined fee (percentage and flat fee).

When a customer uses a payment card to buy from a merchant, the merchant receives from his bank (the acquiring bank) the sales price less a 'merchant service charge', the fee a merchant must pay to his bank for accepting the card as means of payment for that transaction. A large part of the merchant service charge is determined by the interchange fee. The customer's bank (the issuing bank), in turn, pays the acquiring bank the sales price minus the MIF and the sales price is deducted from the customer's bank account. The MIF is therefore a cost that is finally charged to the merchant (through the reduction of the purchase price) who passes the costs on to consumers in the price level of the good or service.

What are the Commission's competition concerns as regards interchange fees?

Continue Reading at Finexrtra

EU antitrust case against Visa: FAQs

Finextra reports:



Antitrust: Commission market tests Visa Europe's commitments to cut Multilateral Interchange Fees (MIFs) for debit cards transactions - frequently asked questions.

Interchange fees are charged by a cardholder's bank (the 'issuing bank') to a merchant's bank (the 'acquiring bank') for each sales transaction made at a merchant outlet with a payment card.

Interchange fees are either agreed bilaterally, between one issuing and one acquiring bank, or multilaterally, by a number of issuing/acquiring banks or by means of a decision binding all banks participating in a payment card scheme. The industry refers to these multilateral interchange fees as "MIFs". A MIF can be a percentage, a flat fee or a combined fee (percentage and flat fee).

When a customer uses a payment card to buy from a merchant, the merchant receives from his bank (the acquiring bank) the sales price less a 'merchant service charge', the fee a merchant must pay to his bank for accepting the card as means of payment for that transaction. A large part of the merchant service charge is determined by the interchange fee. The customer's bank (the issuing bank), in turn, pays the acquiring bank the sales price minus the MIF and the sales price is deducted from the customer's bank account. The MIF is therefore a cost that is finally charged to the merchant (through the reduction of the purchase price) who passes the costs on to consumers in the price level of the good or service.

What are the Commission's competition concerns as regards interchange fees?

Continue Reading at Finexrtra