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Fend off card fraud

first_img continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Fighting credit and debit card fraud is a shifting battle as would-be thieves regularly roll out novel schemes, but credit unions can look to new defenses from card issuers and processors built on sophisticated data analytics.For merchants who completed the EMV chip upgrade, card fraud at the point of purchase has declined 76% since 2015, which marked the liability shift to merchants not equipped to process chip card payments, says Doug Leighton, head of community accounts for CUES Supplier member Visa, based in San Francisco. Now credit unions must remain vigilant and look for fraud prevention and detection tools in the card-not-present environment, where the threat of fraud persists in e-commerce, online billing and mail order.“Generally, across our business, growth is happening in card-not-present transactions at roughly four times that of face-to-face growth rates,” he says. “Credit unions need to be talking to their network partners and processors to make sure that they are enabling the latest technologies to combat that fraud”—and, in the bargain, head off additional operational costs and member inconvenience.last_img read more

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ClassNK grants AiP for Kawasaki’s LNG-fueled bulker design

first_imgClassification society ClassNK granted approval in principle (AIP) to Kawasaki Heavy Industries (KHI) for the concept design of an LNG-fuelled 207,000-DWT bulk carrier.With the International Maritime Organization (IMO) imposing tighter restrictions on emissions of greenhouse gases and air pollutants, the shipping industry has been increasing its focus on utilizing LNG in place of conventional fuel oil.In its statement, KHI noted that configuring the LNG fuel tank behind the accommodation in the stern, the ship keeps its cargo space as large as that of conventional oil-fueled ships.ClassNK noted in its statement that the AiP was granted based on its Rule Part GF which adopts IGF Code (regulation for ships using low-flashpoint fuels).Kawasaki has been developing various LNG-related vessels, such as the world’s first LNG-fueled car carrier, delivered in 2016, and LNG bunkering vessels, garnering LNG-related application technology.In addition to the additional technological innovations developed during the course of acquiring AiP for this bulk carrier, Kawasaki said it is fully equipped to proceed with its design and building, as well as to apply these technologies to other types of ships.Moving forward, Kawasaki plans to widen its application of LNG propulsion technology in commercial vessels and to increase its focus on building LNG-fueled vessels, for which demand is expected to grow globally in the future.last_img read more