WHY CHIP CARDS ARE SLOW TO READ (2016)
Perhaps you have heard complaints about the new credit and debit cards with a chip in them. The owner of Gold Medal Market & Deli in Minneapolis hears them every day. "Come on, Edward! We've got only half an hour," owner Edward Elias answered when asked what he hears from customers. "We need to take our food and go back to work." He isn't the only one noticing some unexpected problems with chip card readers. Guy Berg is now a vice president at the Federal Reserve Bank of Minneapolis. Before that, he worked for Mastercard and specialized in implementing the new chip cards. To an extent, Berg says they are working. Remember, the whole point of the chip cards is to combat fraud. "Counterfeit fraud has been one of the fastest growing frauds globally, and it needed to be stopped," Berg explained. But change is hard. Berg pointed to two issues in particular. One, he said the credit card industry hoped more businesses would be using the new chip-reading terminals by now. Two, this is the one you may have noticed, they're slow. So how much longer do the new terminals take? According to a Mastercard study, which Berg participated in before joining the Fed, the difference is about 12 to 15 seconds, which can be very significant depending on the business. "You add a second or two seconds to the transaction time," Berg said, "the stores are contacting their management, 'What can we do about this time?'" The good news is changes are in the works. Some credit card companies have already rolled out faster cards. Also, starting as early as 2017, Berg said we can expect contact-less terminals. He said they are as fast as the old ones that read magnetic strips, but they are more secure. It's welcome news for business owners. At Gold Medal Market & Deli in Minneapolis, most of their business is within a two hour stretch during lunch. In other words, speed matters.
IDENTITY THEFT - EQUIPMENT AND EVIDENCE - 1
Forged credit cards, equipment, passports and health services identification cards are confiscated highlight how skilled identity thieves have become at forging false documents.
Using a credit card with Credit card reader
Dolly shot A Man Using a credit card for purchase and sliding card through Credit card reader and entering PIN amount with Credit card reader. Close up Composition.
PA-0763 Digibeta; PA-3177 Beta SP
You and Your Friends
The longest footbridge bike path in Europe in Luxembourg
Grand Est
CREDIT CARD AMEX BONALLE
Spain Arrests
AP-APTN-2330: Spain Arrests Tuesday, 15 June 2010 STORY:Spain Arrests- REPLAY Police arrest suspects of international crime gang LENGTH: 02:06 FIRST RUN: 1330 RESTRICTIONS: AP Clients Only TYPE: Natsound/Mute SOURCE: POLICE HANDOUT STORY NUMBER: 802205 DATELINE: Valencia - 15 June 2010 LENGTH: 02:06 Police Handout - AP Clients Only SHOTLIST 1. Spanish police enter courtyard of house and then storm it ++MUTE++ 2. Police officers lead handcuffed man to chair where he sits down 3. Police officer examines documents on table 4. Police officer counts money 5. Handcuffed man stands with shirt over hand, police officer stands next to him in safety vest 6. Various of tools, equipment on workbench and floor of credit card cloning laboratory 7. Police officer looks through credit card blanks on floor 8. Various of police officer examining credit card reader machines 9. Close-up of credit card machine 10. Police officer holds objects found in raided laboratory 11. Blank credit cards on table 12. Police officer holds stack of blank cards 13. Close-up of credit card copying machine 14. Police officer holds parts from bank machine 15. Pan of table with items seized in raid, including money, cards, passports and drugs 16. Close-up of table with items seized in raid STORYLINE The Spanish Interior Ministry said Tuesday that police have arrested 178 people in 12 countries suspected of being part of an international crime gang with a large base in Spain. The ministry said raids also took place in France, Italy, Germany, Ireland, Romania, Australia, Sweden, Greece, Finland, Hungary and the United States, where eight of the suspects were arrested. Police found 11 laboratories for falsifying credit cards during their 84 raids. It said in a statement that a two-year investigation found the organisation was involved in credit card fraud, robbery with violence, extortion, sexual exploitation and money laundering. It is believed to have made more than 20 (m) million euros (24.5 (m) million US dollars) from illegal activities. Clients are reminded: (i) to check the terms of their licence agreements for use of content outside news programming and that further advice and assistance can be obtained from the AP Archive on: Tel +44 (0) 20 7482 7482 Email: infoaparchive.com (ii) they should check with the applicable collecting society in their Territory regarding the clearance of any sound recording or performance included within the AP Television News service (iii) they have editorial responsibility for the use of all and any content included within the AP Television News service and for libel, privacy, compliance and third party rights applicable to their Territory. APTN APEX 06-15-10 1937EDT
OVERDRAFT PROTECTION
FILENE’S BASEMENT HOLIDAY SHOPPERS
HOLIDAY SHOPPERS AT FILENE’S DEPARTMENT STORE DURING THE CHRISTMAS HOLIDAY SEASON DURING THE MID 1990’s.
IDENTITY THEFT - EQUIPMENT AND EVIDENCE
People walking along a city street may become victims of identity theft at some point. Confiscated equipment and fake ID and credit cards including card printers highlight how much the problem has grown. A fake ID is shown complete with a hologrammed image identical to that used on real cards.
Close-up Paying coffee with contactless payment, Mobile application paying display screen
Mobile application paying display screen
PA-2323 Beta SP; PA-0738 Digibeta; PA-0736 (b&w) Digibeta
In the Suburbs
(v) Philippines Preview - VOICED Filipinos prepare to go to the polls
NAME: V PHI PREVIEW 080504N TAPE: EF04/0487 IN_TIME: 10:48:36:04 DURATION: 00:02:03:24 SOURCES: APTN/FPJ Productions DATELINE: Manila, Recent RESTRICTIONS: See Script VOICED BY VERA FRANKL SHOTLIST: APTN Manila - Recent 0000 Wide of fortune tellers 0003 Close up palm reader 0007 Close up hands 0010 Close up tarot cards 0012 Fortune teller 0016 Tarot card reader 0021 UPSOUND (Tagalog) Tarot card reader 0033 Various of President Arroyo campaigning 0052 Various of train going through slums 0058 Wide shot Manila skyline with shanty town in foreground 0102 Various of Fernando Poe Junior campaigning FPJ Productions MUST ON-SCREEN CREDIT "FPJ PRODUCTIONS" 0114 Clip from the 2003 film "Pakners" starring Fernando Poe Junior APTN Manila - Recent 0128 Various of Poe campaigning 0139 SOUNDBITE: (English) Benito Lim, Professor of Asian Studies "It is as if they look at the Philippines society as a sick man. They have consulted the experts. The experts were unable to solve their problems. So they turn to faith healers for a miracle." 0153 Tarot card reader 0157 Close up sign for horoscopes 0201 Mid shot fortune tellers 0204 VISION ENDS LEAD-IN: Filipinos go to the polls on Monday for national elections. More than 50,000 candidates are running for about 17,000 public offices, including president, vice president, senators, congressmen and local positions. The presidential race is largely seen as a showdown between incumbent Gloria Macapagal Arroyo and film star Fernando Poe Jr., who have led surveys. VOICE-OVER: 0002 In the heart of Manila, Filipinos come to hear their fortune... ...Be it by palm reading, a lucky scattering of tarot cards or just plain intuition. 0011 Many fortune tellers are now turning their attention to Monday''s presidential election. But predicting the outcome is far from straightforward. 0022 Myrna Robledo reads tarot cards. For her, there''s no clear winner emerging. My cards are very confusing right now, she says. 0034 The same could be said for the campaign, President Gloria Macapagal Arroyo holding the slightest of leads over her nearest rival. Staunchly pro-American, Arroyo has been a key ally for the U-S in the war on terror, her stature belying a toughness in dealing with Islamic militants. 0053 Closer to home, she faces an economy still lagging behind its Asian neighbours. The gap between rich and poor is also growing. 0103 Getting mileage out of the country''s poor economic performance, Arroyo''s closest rival, Fernando Poe - movie star and self-styled man of the people. 0114 FX movie clip 0116 In his films, he''s best known for playing strong, silent types who defend the oppressed. FX movie clip 0126 No surprise then, that he finds most support in the slums of Manila. Poe''s one of several showbiz personalities running for office - a sign, analysts say, that people have lost faith in politicians. 0139 SOUNDBITE: (English) Benito Lim, Professor of Asian Studies "It is as if they look at the Philippines society as a sick man. They have consulted the experts. The experts were unable to solve their problems. So they turn to faith healers for a miracle." 0154 Regardless of the outcome of Monday''s vote, what is clear is that the fortunes of the Filipino people can only get better. 0204 VISION ENDS
EDR - How to stay at home
Grand Est
CHASE TECHNOLOGY B-ROLL
PRESIDENT BARACK OBAMA REMARKS AT CFPB - STIX & CUTS
President Barck Obama Remarks at the Consumer Financial Protection Bureau / CFPB - STIX AND CUTS AND MOTORCADE TRAVEL POOL TO AND FROM CFPB DC SLUG: 1145 CFPB TVL RS33 73 NYRS: WASH-3 DISC#: 339 (Cheers, applause.) 12:00:27 PRESIDENT BARACK OBAMA: Hello, everybody! Hello! Good job, everybody! (Cheers, applause.) Everybody please have a seat. Well, it is good to be back at CFPB. I want to -- yeah, it is a -- it is a enthusiastic and rowdy crowd this week. (Laughter.) That's what happens when you do good things, you know. You -- you feel good, and -- and this group is doing great work. I want to thank your director, Rich Cordray, for hosting me here today, and I want to thank all of you for doing a great job in looking out for the financial security of all Americans. 12:01:08 Obviously, right now, the news is dominated by Ebola. And, you know, we've got an all-hands-on-deck approach across government to make sure that we are keeping the American people safe. But even as we meet that particular challenge, it's also important that we don't lose sight of the other challenges that we face as a nation, especially the challenge of making sure that our economy works for every single American. And that includes the challenge that brings me here today, protecting Americans from financial fraud and identity theft. 12:01:47 As president, I believe that America is stronger when our middle class can count on things like affordable health insurance and Medicare and Social Security, where there are rules to protect our kids from dirty air or dirty water, rules to protect consumers from being taken advantage of. And I know you agree, those of you at CFPB, because that's your mission. And that's why part of the financial reform that we passed in the wake of the worst financial crisis since the Great Depression was the creation of this agency to make sure that we are looking at every aspect of the financial system and ensuring that the American people have the basic protections that they should be able to count on. You have one mission. You are a watchdog for consumers to make sure that the American people have somebody who's got their backs. And because of the good work of many of the people who are here today, Americans have saved millions because they have been protected from predatory mortgage practices, you've protected folks from deceptive credit card practices, you've set up "know before you owe" to help college be a little more affordable for young people and to make sure that they know the kind of debt that they're accruing, you've simplified mortgage forms so homeowners don't get tricked in the final print. But all this work, you know, taken together, the reason it's important is because it's not abstraction, it saves people money and time and heartache. And before you, Americans who'd gotten taken advantage of often had no way of achieving some sort of compensation. 12:03:37 Today you've actually secured billions of dollars in relief for victims, helped to make people a little more whole after somebody engaged in fraudulent behavior. Some folks in Congress fought tooth and nail to keep this agency from getting off the ground. There are some, frankly, who are still fighting to undo the rules we've put in place to protect consumers. But I refuse to back down and go back to the days when mortgage lenders or financial firms could take advantage of consumers and consumers had no recourse. We're moving forward. 12:04:13 America is better because of this agency and because the rules that we've put in place. And the good news is, is that we got more work to do. And today we're building on the progress that's already been made by announcing new measures to protect America from identity theft and fraud. Now, we've all experienced the benefits of new technologies that let us buy and sell things faster and more efficiently than ever before. But there are risks that come with these technologies as well. 12:04:43 Last year millions of American became victims of identity theft. Millions were victims of this kind of fraud. More than a hundred million Americans had information that was compromised in data breaches in some of our largest companies. And identity theft is now America's fastest-growing crime. These crimes don't just cost companies and consumers billions of dollars every year, they also threaten the economic security of middle-class Americans who worked really hard for a lifetime to build some sort of security. The idea that somebody halfway around the world could run up thousands of dollars in charges in your name just because they stole your number or because you swiped your card at the wrong place and the wrong time, that's infuriating. For victims, it's heartbreaking. And as a country, we've got to do more to stop it. 12:05:39 And that's why today, we are launching an initiative called Buy Secure, because you should be able to buy the things that you need without risking your identity, your credit score or your savings. Now first, starting next year, we're going to begin making sure that credit cards and credit card readers issued by the United States government come equipped with two new layers of protection: a microchip in the card that's harder for thieves to clone than a magnetic strip and a pin number that you enter into the reader just as you do with an ATM. We know this technology works. When Britain switched to a chip-and-pin system, they cut fraud in stores by 70 percent -- 70 percent. Now of course, no one security measure no matter how powerful can stop fraud on its own, so today, I'm also directing federal law enforcement to share more information with the private sector when they discover identity theft rings. Folks here at the CFPB are working with banks to help make it easier for consumers to discover if fraudulent charges have been made to their account. The Federal Trade Commission will add new features to identitytheft.gov, and they're going to work with credit bureaus to dramatically cut down on the time it takes for victims to recover their stolen identities. 12:07:02 And in the coming months, I'll be bringing together industry leaders and consumer advocates for a cybersecurity summit focused on protecting consumers using the next generation of mobile payment systems and devices. And I'm happy to say that the private sector is already deeply engaged in this effort. Today, a group of retailers that includes some of our largest -- Home Depot, Target, Walgreens, Wal-Mart -- and representing more than 15,000 stores across the country, all of them are pledging to adopt chip-and-pin technology by the beginning of next year. American Express is pledging $10 million to replace outdated card readers at small businesses, MasterCard is pledging to provide its customers with free identity theft monitoring and resolution support, and Citi is joining other financial institutions in making free FICO scores available to customers because a sudden drop in your credit rating is one of the clearest signs that you've been hit by fraud. So I want to thank all the business leaders who are choosing to protect their companies and their customers from the kind of hacking that we saw too many times this past year. I want to encourage every retailer, every bank and every credit card company to join them in this effort. 12:08:21 And even though I'm taking action today without Congress, Congress needs to do its part as well. Today, data breaches are handled by dozens of separate state laws, and it's time to have one clear national standard that brings certainty to businesses and keeps consumers safe. 12:08:37 Let me close by saying this. Last week, I saw a survey that asked folks from all over the world what they thought of the idea that success in life is pretty much determined by forces outside of our control. Of all the advanced economies on Earth, Americans, as you might expect, were the least likely to agree with that. We think our fate's in our own hands. We think that if we work hard, that we can get ahead. For all the challenges of the 21st century, for all the tough, grueling work that's been required to rebuild this economy and people rebuilding their individual lives after a terrible recession, we still believe that our destiny is written by us, not for us. We believe that this is a country where hard work should pay off, and responsibility should be rewarded. 12:09:30 That's the principle that all of you here at the Consumer Finance Protection Bureau deeply believe in. That's what you're fighting for every single day. That's what I'm going to keep on fighting for as long as I have the opportunity to be president, and the executive order I'm signing and the great work that the companies are doing who are participating here today is going to just be one more brick in that bridge that we provide to, hopefully, all Americans so that they can translate their dreams into reality. So good job, everybody. Let me sign this. (Applause.) 12:10:40 Rich, I should mention, by the way, I went to a restaurant up in New York when I was - during the U.N. General Assembly, and my credit card was rejected. (Laughter.) It turned out I guess I don't use it enough. (Laughter.) They were - they thought there was some fraud going on. (Laughter.) Fortunately, Michelle had hers. (Laughter.) I was trying to explain to the waitress, you know, I really think that I've been paying my bills. (Laughter.) Even I'm affected by this. Thank you very much, everybody. (Cheers, applause.) (END)
Visa and Walmart in Canada
Scenes of shoppers at Walmart locations and clerks swiping Visa cards through credit card readers accompany a report about the retailer reaching an agreement with the credit card company to allow shoppers in Canada to use the card as a payment option. PLEASE NOTE News anchor and reporter image and audio, along with any commercial production excerpts, are for reference purposes only and are not clearable and cannot be used within your project.
ECU. Retail worker swipes credit card and spins tablet for customer at modern shop checkout counter.
Please note: the debit/credit card used by the actor in this shot is a prop card and not in any way affiliated with a real, legitimate bank.
Smart Card VNR
A computer chip embedded "Smart Card" will help doctors in the efficient handling of patient records.
Restaurateurs, victims of a new scam
FR3 / France 3
Payed in a instant
Closeup of an unrecognizable person using her phone to scan and pay a bill on a card machine
Smart - Card
HOW A SMARTCARD COULD HELP MANAGE YOUR PERSONAL FINANCES.
Bank fees: why they are increasing this year
TF1 News (Private - August 1982 ->)