What is the industry doing to invest in and adopt better, more secure payment technologies?

Retailers and other businesses that accept credit cards have paid more than $30 billion to make the switch to “EMV” cards. Retailers are also utilizing innovative technologies to authenticate consumers in online and card-not-present transactions. Payment networks are also on the front lines of developing new fraud prevention technologies, like STAR’s machine learning system that analyzes transactions to detect anomalies and predict fraud in real time, including PINless transactions.