Cyber Monday sales were up this year despite concerns over online security from many consumers, but worries about data breaches could effect holiday shopping sales throughout the month of December.
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With many US retailers and card issuers beginning to roll out EMV in an effort to fight fraud and increase payment security, industry experts warn that EMV shouldn’t be considered the end all solution.
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Identity authentication remains a hot button issue for payment processors due to continued data breaches at large retailers. Many banks and credit card providers are developing payment options that are both easy and secure, with biometrics playing a large part in these solutions.
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