In 2014, fraud cost retailers a whopping $32 billion, a 38 percent increase from 2013, according to LexisNexis. And despite fraud’s shift to the online world, card-present fraud remains a very serious concern for the credit and debit card industry.…

Banks hesitate to put chip cards in customers’ hands if retailers haven’t upgraded their terminals to process them. Source: http://www.mobilepaymentstoday.com

After a spate of fraudulent tax returns, the IRS announced it would work with state tax authorities and online tax filing companies to reduce fraud. Source: hereandnow.wbur.org

MasterCard said the biometric identification process will use a combination of facial and voice recognition and fingerprint matching. Source: http://www.biometricupdate.com

The U.S. recovered $3.3 billion in fiscal 2014 from individuals and companies that tried to defraud federal health programs, part of an effort by the Obama administration to stop abusive billing practices. Source: http://www.wsj.com

No relief from card fraud risk until majority of consumers begin using EMV-equipped cards. Source: http://www.cutimes.com

While the Code of Hammurabi is best known for the “eye for an eye” proclamation, it also deserves credit for being the first recorded instance in history where money was formally recognized as a tool of civil society. Source: http://www.pymnts.com

Recent high-profile data breaches, such as those perpetrated against Target and Home Depot, have thrust credit card security chips and the term “EMV” into the public consciousness as the banking and retail industries ready themselves for the… Source: http://www.cpapracticeadvisor.com

Peter Thiel was the first large investor in Facebook. Now he’s turning his investing skills to biotechnology. Source: http://www.technologyreview.com

Square is making its latest move on the Small Business marketplace with another card processing service aimed at making it easier for SMBs to ditch checks in Source: http://www.pymnts.com