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Is EMV really solving the fraud problem?

first_imgIs EMV solving the fraud problem?Short answer: No.But, to be fair, EMV is not designed to solve the entire fraud problem — rather, it addresses one piece of the puzzle, namely counterfeit card fraud. While the U.S. conversion to EMV is not yet complete, Mercator Advisory Group is tracking its progress:84 percent of U.S. general purpose credit cards will have EMV chips by the end of 2016.3 in 5 American adults now own at least one EMV chip card.EMV card conversion is projected to be complete by the end of 2018.Nearly 50 percent of in-store credit card transactions will be “chip on chip” this year.While more and more cardholders are using EMV at the point of sale, merchant adoption is still spotty. “Delays in the certification and activation of merchants’ point-of-sale terminals has introduced a significant lag between the distribution of EMV-capable terminals and the enablement of those terminals,” says the Mercator report “EMV in 2016: Breaking through the Bottleneck.” This state of affairs has consumers and merchants frustrated, even as EMV moves forward.Other Types of Fraud SurgeMeanwhile, other types of fraud seem to be having a heyday. FICO reports that ATM skimming rose 546 percent between 2014 and 2015 – in large measure because EMV at the ATM has been slower to roll out. continue reading » 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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India’s Mary Kom becomes first female boxer to win six World Boxing Championship gold medals

first_imgLast Updated: 25th November, 2018 22:45 IST India’s Mary Kom Becomes First Female Boxer To Win Six World Boxing Championship Gold Medals Indian boxing legend Mary Kom scripted history at the World Boxing Championships after she won her record-equaling sixth gold medal at the Indira Gandhi Stadium in New Delhi To make it sweeter, Mary Kom managed this incredible feat on home soil, for which was completely ecstatic. Her victory knew no bounds of joy as it was her second win title win in front of her home crowd after the 2006 win in Delhi.  Speaking to the reporters after her win, she dedicated her latest triumph to her fellow countrymen. “I would like to dedicate this win to my country,” Mary Kom said after winning gold at World Boxing Championships. Written By Video Player is loading.Play VideoPlayMuteCurrent Time 0:00Loaded: 0%Duration 0:00Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackQuality LevelsFullscreenThis is a modal window. This video is restricted from playing on your current domain Error Code: PLAYER_ERR_DOMAIN_RESTRICTED Mary Kom entered the tournament as one of the most experienced campaigners with a remarkable tally of five gold medals and a silver to her name. She last won a world championship medal in 2010 — a 48kg category gold. Enroute to the final, India’s boxing champ defeated North Korea’s Kim Hyang Mi in the semi-final and China’s Wu Yu in the quarterfinals. 1 year ago Meet the twins who lived through 20 Prime Ministers, 4 reigning monarchs and 2 World Wars FOLLOW US SUBSCRIBE TO US In the process, she has also inscribed her name into the history books of world boxing after she became the first woman boxer to win six gold medals in the medals in the competition. She also equaled the record of Cuban legend Felix Savon, as one of the most successful boxers in the history of the competition.  READ: ONE FOR THE AGES: Boxing Champ Mary Kom Trains With Col Rajyavardhan Rathore As The Two Olympians Spar. Watch Here COMMENT 1 year ago ‘No-Brainer’: Karan Johar Calls The Decision To Back ‘2.0’ An ‘Honour’, Reveals Why Movie Will Open Hugecenter_img Dylan Dsouza 1 year ago BS Yeddyurappa dubs HD Kumaraswamy government’s performance as ‘poor’ WATCH US LIVE Adding to her already glittering trophy cabinet, Mary Kom has won six medals at the World Boxing Championships which includes six golds (2002, 2005, 2006, 2008, 2010) and one silver (2001). And now her latest win takes her to medal tally to seven in the tournament.Her record-medal haul takes her past Irish boxer Katie Taylor who has won five golds and a bronze, in terms of overall medals won. However, Taylor now plies her trade in the professional circuit. First Published: 24th November, 2018 16:58 IST WE RECOMMEND Indian boxing legend Mary Kom scripted history at the World Boxing Championships after she won her record-equaling sixth gold medal at the Indira Gandhi Stadium in New Delhi.The 35-year-old defeated Ukraine’s Hanna Okhota to claim top honors in the 48kg light flyweight class category. The Indian was made to toil hard against the Ukranian who is also a European champion and silver medalist at the Youth World Championships. Mary Kom was declared the winner by a unanimous decision. LIVE TV Session ID: 2020-09-09:c59a2c27698c5816e21fe182 Player Element ID: video_player_5f5862d25fce2 OK Close Modal DialogBeginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenlast_img read more

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