EMV Chip Cards Continue to Counterfeit Fraud, Says Visa

For years, the payments industry prepared for the shift to EMV chip cards. Issuers promised the new technology would be safer, merchants got ready for big changes, and consumers hoped for the best. The big question was: Would EMV technology really help with the growing number of fraud cases?

The answer appears to be, yes. EMV chip cards continued to gain share of U.S. card payments in the early months of 2019. It’s true that the mission to shift to EMV is not complete – even three years after the payment card networks’ EMV liability shift – but counterfeit fraud is dropping sharply.

According to Visa, 3.5 million U.S. merchant locations accepted EMV chip cards as of March. That is an increase of about 400,000 locations from 3.1 million in December 2018. In addition, chip-based Visa payment volume totaled $81 billion in March on 1.94 billion transactions. Visa also said that some 99 percent of March’s volume came from chip cards (up incrementally from 98 percent in December).

The Advantages of EMV

EMV chip cards are a strong antidote to counterfeit fraud at the point of sale. Before, magnetic-stripe cards offered little protection. According to Visa, counterfeit fraud dollar volume at merchants – that have successfully completed their upgrades – was down by 76 percent as of December from the numbers experienced in September 2015; this was just one month before the EMV liability shift took effect. Visa also reported that counterfeit fraud for all merchant was down 49 percent. 

How does EMV Affect Merchants?

But how does the shift affect merchants? The liability shifts kicked the financial responsibility for counterfeit fraud from a transaction onto merchants themselves, if their POS terminals are not updated to handle EMV card’s chip. As of last year, as many as one-third of small retailers are not using chip-reading credit and debit card machines. Some merchants find the shift to be incredibly expensive, while others are still unaware or unsure of what the shift really means for them.

While EMV has been highly effective in reducing counterfeit fraud, fraudsters are now turning their attention elsewhere (card-not-present channels and identity fraud). If you need help protecting your business from future fraud attempts and keeping customers’ information safe, consider what chargeback insurance from a provider like eMerchantBroker can do for you.

Author Bio: Electronic payments expert Blair Thomas is the co-founder of high risk payment processing company eMerchantBroker. He’s just as passionate about his business as he is with traveling and spending time with his dog Cooper.
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Important Features and Benefits of cPanel Website Hosting

CPanel is a typical term in the web hosting niche. Whether you’re building a reseller web hosting business, or if you want to contain the growing traffic needs, cPanel hosting control panel or web hosting management Manager (WHM) is stress-free and easy to use a tool.

CPanel with Web Hosting Management is a powerful administrative tool for every web hosting or reseller hosting user. It allows you to instantly configure your account, get server backups, allow reseller account management, helps in file management, account security, and the number of other functions. It gives you access to all the organizational tools that lets you manage your server, client accounts, and business website easily.

The quantity of tools offered by cPanel web hosting represents an unlimited number of possibilities in which users can manage their website or server. The graphical user interface along with the automation tool clarifies the process of hosting a website. We have the most popular features of cPanel and have broken them down for you, you have to check them below:

Email

You can easily access the multiple communication platforms and settings under this feature. Other features in which included the flexibility of creating email accounts, delete emails, email messaging, email filtering and filter creation, email forwarding, automatic spam blocking and many more.

File Management

With the file management feature, one can construct the entire information on a website on the server making file management easy and user-friendly. Other features and advantages in which included the multiple domains, a formation of subdomains, file backups, disk space data, FTP server entry rights, and many more features.

Domain Management

Domain management task can be done in a jiffy with this feature and also the Cpanel offers the root level site control of the website in a user-friendly way. The prime advantages of these features are that this is add domains, subdomains, parked domains while offering smooth management of redirecting command.

Script Editing

Another adaptable feature of cPanel is Script editing. It facilitates the user to control the Blogs, online chats, shopping carts, forums, etc.

Easy Server Management: For the more advanced users found on VPS and dedicated servers, command line scripts are available that lets you instantly configure, investigate server issues, and execute commands.

Some scripts included:

  • setupftpserver:Choose between pure-ftpd & proftpd or disable FTP
  • suspendacct: For automatic account suspensions
  • restorepkg: Restore account from a backup file
  • delpop: Removes email accounts over SSH
  • restartsrv_*: Restarts servers through SSH
  • Cpbackup: Allow system-wide backups

Advantages of cPanel

Following are some of the advantages of Cpanel features that have managed to the acceptance and popularity of cPanel for website management.

  • Modest and user-friendly Portability
  • Easy Affordability
  • Multi Feature-packed
  • Knowledge-based, therefore, the scope of improvisation is there.
  • Outstanding Compatibility
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