The card payment works because we generally trust the system, we trust its elements, we believe that we don't risk high fraud in normal circumstances. But from time to time, we read about possible or actual fraud, which can weaken or collapse our beliefs. The fortunate situation is when researchers …
R.I.P. magnetic stripe
More than 20 years ago, I presented the advantages of the chip on a bank card compared to the magnetic stripe. Since then, EMV smart cards have become the preferred method in the card payment area. According to the articles, Mastercard will be the first to phase out magnetic stripe …
Contactless ATMs on the roadmap
Mastercard announced that ATMs in Bosnia and Hercegovina, Serbia and Macedonia must support contactless technology from 2022. This technology is already in place in these countries and several other ones. During the lockdown caused by the COVID situation, many people went more and more digital …
Eight digits BIN, are you ready?
Less than one year remained until the payment industry replaces the six digits length of the Issuer Identification Number with an eight digits long version. The payment industry started to work to increase the length of the Issuer Identification Number (IIN), or BIN as it's called in the industry, …
Ohhh. My terminal’s PCI certification expires. What to do now?
In April 2021, all PCI PTS v3.x terminal certificate expires. What should you do in such a situation? PCI First, let's see where is PCI's position in an EMV environment. An EMV card is equipped with a microcontroller. Such a device contains cryptographic keys and generates cryptograms to …
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