Verifone has recently identified a potential fraud risk involving EMV contactless credit card transactions across multiple industries, including petroleum, and fueling stations. The fraud scheme exploits a vulnerability in which a compromised digital wallet processes transactions as offline, meaning they are approved locally without being sent to the host for authorization.

At the end of September, CHS Payment Solutions mailed out notices announcing a credit card rate adjustment which went into effect November 1, 2024. As a result of the continuing trend of credit card brands increasing their rates, CHS made a slight adjustment to our credit card processing rates in November.