Target breach did not decrease debit card usage

first_img 7SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Thoughts on the Good News and Bad News for Credit UnionsWhen a debit card number is counterfeited, like what happens in a breach of data from a merchant, any counterfeit card number usage results in withdrawals directly from the cardholder’s bank account. Even though the cardholder’s liability for fraudulent transaction is limited – under the FCBA, liability for unauthorized use of the card tops out at $50 and many issuers have a $0 liability for fraud – there also can be additional costs and fees as a result. Checks that bounce result in NSF charges or scheduled bill pays that fail and incur late fees are just some of the aggravations that debit cardholders whose cards were caught in one of the many highly publicized data breaches had to deal with.The Federal Reserve Bank of Boston was conducting its Survey of Consumer Payment Choice at the same time the Target breach was announced in 2013. Some respondents had answered before the breach was made known to the public, and some respondents were not surveyed until after the breach was made public. Even after accounting for the differences in demographics between early respondents and later respondents, there was a statistically significant difference in the perception of security of debit cards. 37% of pre-breach respondents said that using their debit card was “secure” or “very secure”, but that number dropped significantly, down to 23% for post-breach respondents. continue reading »last_img read more

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Barclays Premier League team of the week

first_imgSimon Mignolet Press Association Produced several impressive saves to secure a clean sheet at Tottenham, where it was vital for morale that Liverpool avoided defeat in Jurgen Klopp’s first game in charge. Hector Bellerin Inspired Newcastle to a much-needed 6-2 win over Norwich with four goals, including two headers and an outstanding long-range strike. Also impressed with his linking of play. Ander Herrera Even if he scored the second goal in Manchester United’s 3-0 win at Everton, his creativity from midfield was what truly caught the eye. Quite why Louis van Gaal chooses not to start him every week, only the manager will know. Manuel Lanzini Scored one and assisted another in West Ham’s 3-1 win at Crystal Palace. If he continues to perform like that his loan will likely become a permanent transfer. Jamie Vardy Scored Leicester’s two goals to secure a 2-2 draw at Southampton when they had been 2-0 down. Enjoying the finest form of his career, the forward particularly impressed in the way he recovered from missing an excellent chance to equalise by scoring his second. Wayne Rooney Finally scored in the Premier League – for the first time in 11 months – to prove that class is permanent. The goal was Manchester United’s third in their 3-0 win at Everton, and will likely be followed by more given the improved confidence that should follow. Wilfried Bony Scored twice for Manchester City in a 5-1 defeat of Bournemouth to prove that he is capable of replacing the injured Sergio Aguero, and did so having not started a game for them since September 15. Assisted Aaron Ramsey’s goal, and contributed to Arsenal’s clean sheet, with a typically-energetic performance in the 3-0 win at Watford. Chris Smalling The in-form central defender was again convincing in another clean sheet for Manchester United during Saturday’s 3-0 win at Everton. Jan Vertonghen One of the main reasons Liverpool so rarely looked like scoring in the 0-0 draw at Tottenham on Saturday. The key component in, statistically, the Premier League’s joint-best defence so far this season. Raheem Sterling Instrumental to Manchester City’s 5-1 defeat of Bournemouth. Particularly impressive were his three goals, given his occasionally-erratic finishing is frequently criticised. Georginio Wijnaldum last_img read more

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