Be card sharp

January 2005
Cabinet Maker;1/14/2005, Issue 5421, p32
Trade Publication
The article reports that many retailers are not yet accredited with chip and PIN technology which could make them targets for more fraud. The biggest source of headaches for retailers is likely to be the technology. There is no legal requirement for the uptake of the technology, but there is a strong business case. No retailer wants to shoulder fraud liability, so many have already switched. Even so, those that have not are in illustrious company. Sainsbury PLC and Laura Ashley Ltd. are among those who have yet to complete the accreditation process. Many retailers have been putting off their move to chip and PIN for both financial and logistical reasons, but that could prove to be an expensive mistake.


Related Articles

  • Target: Asset Sale to Support Buybacks.  // American Banker;3/14/2008, Vol. 173 Issue 51, p6 

    The author reports on plans by Target Corp. to sell some of its credit card receivables. According to the article, Target plans on using the cash generated from this sale to build additional stores. The author reports that the sale of the credit card receivables may be completed by Summer 2008....

  • That instant discount on store charge cards can cost you.  // Consumer Reports Money Adviser;Apr2007, Vol. 4 Issue 4, p12 

    The article reveals that instant discounts on store charge cards being offered by some retailers in the U.S. can actually cost customers. It explains the effects of store charge cards on a customer's credit eligibility, car- and homeowners-insurance premiums, and interest rate payments. It...

  • Merchant Group Snags Florists. Jalili, H. Michael // American Banker;6/4/2007, Vol. 172 Issue 106, p6 

    The article discusses the efforts of the Merchants Payments Coalition that has been joined by the Society of American Florists. The group's goal is to reduce the interchange fees paid by retailers that accept customers' payment cards. The group says that the transaction fees are a hidden charge...

  • Cyber risks call for vigilance. KRAMER, PATIENCE // Value Retail News;Jun/Jul2015, Vol. 32 Issue 5, p18 

    This article stresses the need for retailers to prioritize cyber security, whether in physical stores or on their ecommerce sites. Topics covered include the credit card breaches which hit retailers Target in 2013 and Home Depot in 2014, the findings of the Travelers' 2015 Business Index on risk...

  • Marks & Spencer: a new contender.  // MarketWatch: Food;April 2003, Vol. 2 Issue 4, p8 

    Reports that retailer Marks & Spencer Group PLC will launch a credit card in Great Britain. Store card customer base of the retailer; Consolidation in the credit card market; Possibility that Marks & Spencer will become a strong contender in the competitive credit card market.

  • Retailers profit from pay-as-you-go.  // Drug Store News;6/6/2005, Vol. 27 Issue 8, p74 

    The article reports that the prepaid centers increasingly are filling front-end space in the drug store channel, offering a wide and growing assortment of long distance, wireless, gift and debit/credit cards. Last year, prepaid, or pay-as-you-go cards, generated $79 billion in sales across all...

  • Marks & Spencer: a new card and a new look.  // MarketWatch: Global Round-up;October 2003, Vol. 2 Issue 10, p96 

    Reports on the launch by British retailer Marks and Spencer of its '&more' credit card offering. Design of credit card to appeal to existing store card holders and halt membership decline; Plans to launch cart on October 6, 2003; Combination of card with loyalty scheme.

  • Marks & Spencer: a new contender.  // MarketWatch: Financial Services;April 2003, Vol. 2 Issue 4, p13 

    Reports on the launching of a credit card by British retailer Marks & Spencer Group PLC. Success of a pilot scheme conducted at stores in South Wales; Potential of the retailer to be a strong contender in the British credit card market.

  • MasterCard to Allow Surcharges in Europe.  // American Banker;9/7/2004, Vol. 169 Issue 172, p8 

    Reports that MasterCard International Inc. has decided to allow European retailers to add surcharges to customer purchases in 2005 in an effort to allay European criticisms that its fees to retailers may be too high. How the world's second biggest credit card brand hopes the move will persuade...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics