For many years, all liability for fraudulent transactions has been assumed by credit card companies. However, the global numbers for credit card fraud have continued to grow, and major credit card companies have been working on a solution to the problem.

Visa, MasterCard and EuroPay are some of the biggest companies in the industry. After spending nearly a decade working on a solution, these major companies have decided to move consumers away from using magnetic strip cards and towards EMV.

Americans endured what was known as one the worst recession since the Great Depression of the 1930s in 2008. The housing market boomed and then crashed – everything else went along with it. The job market was brutal, and wages simply were not competing with the rapid inflation of those times. And even though the actual recession is technically over, we are still recovering from the damage that the recession has done 7 years ago. Even more, we have seen that the stock market in the past couple of days has shown dramatic drops.

Everywhere you look today, people are using their mobile devices to make and accept payments. From the coffee shop to the taxi stand, the wine bar to the tire place, tiny swipe-and-go devices are replacing the traditional cash register.

But is this sudden reliance on all things mobile for transmitting the most sensitive data premature? How can you keep your identity safe, your customers' identities safe and your company safe while still keeping up with the latest technology? Here are five tips to consider as you decide when, where, how, and how much to make the switch.

One of the specific reasons that people sign up for credit cards is the promise of racking up lots of bonus points for spending money on things they ordinarily consume, such as eating out, buying groceries, or having a night out on the town. When you get a glimpse of your monthly statement and see only a pittance in new reward points barely enough to redeem for a set of plastic plates and silverware, it's no wonder why some people wonder if there's a glitch in the credit card company's computers.

The Greece debt default has been a major story in Europe for the past several years and has been a major influence on currency markets and international stock markets. Now that Greece has officially defaulted on its debt, the belief is that the country may be about to exit the European Union. Could the issues surrounding Greece's finances have an impact on your personal finances?