PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. payment volume in March was on EMV cards. down by 76 percent. at the time.”.

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CHIPS Chip Cards EMV Volume 53

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct.

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EMV Visa Chip Cards CHIPS 92

PYMNTS

MAY 30, 2019

The latest stats show that the continued upgrade to chip card acceptance – which began in 2015 – has led to a decrease in counterfeit fraud dollars on the order of 76 percent, as measured in December of 2018 vs. September of 2015. EMV” is shorthand for Europay, Mastercard and Visa chip cards.

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EMV Chip Cards Continuity CHIPS 79

PYMNTS

MAY 26, 2016

Million | The number of chip-active merchant locations as of April 30, 2016. issued, MasterCard-branded chip-enabled consumer credit cards. 39 | The percentage by which counterfeit card fraud basis points at EMV-enabled merchants dropped between January 2015 and January 2016. 1 deadline.

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CHIPS Chip Cards EMV Visa 46

PYMNTS

FEBRUARY 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1

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EMV Chip Cards CHIPS Credit Cards 100

The Paypers

AUGUST 5, 2016

(The Paypers) Mastercard has announced that 80% of its US consumer credit cards have chips, representing an 88% increase in chip card adoption since 2015.

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Chip Cards CHIPS Credit Cards Consumer 31

Payments Source

OCTOBER 2, 2019

Recent reports that counterfeit card fraud is markedly down in the U.S. since the introduction of EMV chip cards in 2015 is fantastic news, except for retailers that also sell goods sells online. In that case fraud has merely moved from an in-store payment attempt to a card not present (CNP) one.

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Chip Cards EMV CHIPS Payments 122

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. According to data from ABI Research, annual shipments of contactless cards in the U.S.

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CHIPS Chip Cards Push-to-Card Debit Card 41

PYMNTS

MAY 13, 2016

The program, which was piloted in August 2015, is available to SMBs with short-term cash needs who have also been Wells Fargo customers for at least a year. Merchants and Chip Cards. IBM ), allegations of consumer harm over not being able to require the use of PINs with Chip Cards ( Walmart v. Alt Lending.

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Chip Cards CHIPS Cybersecurity Caps 40

PYMNTS

SEPTEMBER 13, 2016

EMV adoption is well on its way one year after the introduction of chip-enabled cards, and more adopters will jump on for the ride following Mastercard’s press release on Sept. Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards.

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EMV Visa Chip Cards CHIPS 70

Payments Source

JANUARY 5, 2017

Prior to the October 2015 EMV chip-card liability shift in the U.S., various merchant groups expressed concerns about factors that would keep them from meeting that deadline — some of which remain beyond their control.

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EMV Chip Cards CHIPS Rules 68

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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EMV Verification Chip Cards CHIPS 52

Payments Source

AUGUST 2, 2017

As a large furniture retailer in South Florida, City Furniture had to decide whether to move quickly to upgrade terminals and avoid the October 2015 EMV chip card liability shift, or stay on track with a process it was already engaged in for a mobile point of sale system in its showrooms.

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EMV Chip Cards CHIPS Process 61

PYMNTS

SEPTEMBER 4, 2018

The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards — another point in favor of plastic payment cards.

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Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

DECEMBER 28, 2016

While the EMV liability shift took place in October 2015, many of the effects of that shift were felt throughout 2016. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Worst of Times. But with the good comes the bad.

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EMV Chip Cards CHIPS Payments 46

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. from 2012 to 2015. percent by value from 2012 to 2015. billion in 2015 with a value of $2.56

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Debit Card Federal Reserve Chip Cards CHIPS 40

PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards.

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Visa EMV Security Chip Cards 78

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

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EMV Visa Chip Cards VARS 45

PYMNTS

JANUARY 24, 2019

million payment cards, Giorgio said. The contactless card opportunity for community banks stems from the expiration of first-generation EMV chip cards, she told Webster. In fact, in 2015, ICBA Bancard provided more than $800,000 in financial assistance to help its community bank clients prepare for first-gen EMV.

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Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

SEPTEMBER 25, 2017

million | Number of merchant locations that accept EMV chip cards as of June, according to Visa. storefronts that accept chip cards as a payment method since 2015. 6.2 | Percentage portion of credit card balances that became 30-days delinquent in Q2 2017, a 5.1 473 | Percentage increase of U.S.

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Chip Cards EMV CHIPS Payments 43

PYMNTS

AUGUST 3, 2016

Mastercard is extolling the virtues of EMV technology and is highlighting its efforts in helping countries adopt the chip terminal system. According to Chiro Aikat, Senior Vice President of product delivery for EMV at Mastercard, EMV technology consistently brings “significant reduction in counterfeit card fraud.”.

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EMV Visa CHIPS Chip Cards 40

PYMNTS

AUGUST 3, 2016

consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. 1, 2015 EMV liability shift. million chip-active merchant locations, which make up approximately 30 percent of the total merchant population in the U.S.

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EMV Visa CHIPS Chip Cards 43

PYMNTS

SEPTEMBER 26, 2018

percent seen in 2015. One factor that comes into play when viewing the relatively lower rates of PCI compliance in the Americas is the fact that in the later region, EMV chip card payments are a relatively recent phenomenon. The headline numbers: 52.5 That latest tally is down from 55.4 percent in the Americas.

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PCI DSS Compliance Chip Cards EMV 53

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential.

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Contactless Payments Push-to-Card Encryption Online and Mobile Banking 88

PYMNTS

JUNE 17, 2016

Today, there are 300 million chip cards in circulation and 1.2 It’s also the first to say that there could and should be more places for consumers to use their chip cards. Chip has a lot of functionality,” Nelsen emphasized, “but a good portion of what chip enables is not necessary for the U.S.,

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EMV CHIPS Chip Cards VARS 50

PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., That is up from 25 million units in 2015.

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Contactless Payments Debit Card Chip Cards Credit Cards 76

PYMNTS

SEPTEMBER 6, 2019

Beating the fraudsters: Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent. merchants dropped as measured from September 2015 to March 2019. Chip cards are accepted by 3.7 million merchants, up 825 percent from September 2015. Counterfeit fraud dollars for all U.S.

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Cross-Border Chip Cards CHIPS Cryptocurrency 40

PYMNTS

NOVEMBER 22, 2016

The company also said the Verifone Engage family of devices are now available to small and medium business across Germany via InterCard, a network service provider which Verifone bought in 2015. Verifone’s V200c accepts all payment types, including NFC/contactless , mobile wallets, mobile pay and EMV chip cards.

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Chip Cards Contactless Payments EMV CHIPS 69

PYMNTS

JULY 21, 2017

Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well. Fraud varies country to country, region to region.

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Chip Cards EMV CHIPS Issuers 46

PYMNTS

SEPTEMBER 6, 2019

Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Chip cards are now accepted at more than 3.7 million merchants, whereas in September of 2015 that number was only 392,000. That’s an 825 percent increase. Regulators Taking Close Look At Payroll-Advance Apps.

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Cross-Border Cross-Border Payments Innovation Online and Mobile Banking 46

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. has fallen significantly behind the curve.

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Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

APRIL 28, 2016

is soaring the global demand for smart payment cards by as much as 34 percent, a new Smart Payment Association (SPA) report has found. billion chip cards were supplied — of which, 570 million were shipped to the U.S., The shift to EMV in the U.S. Last year alone, over 2.06 marking a twofold increase over 2014.

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EMV CHIPS Chip Cards Contactless Payments 41

PYMNTS

JULY 25, 2016

The number of payment cards in circulation around the world increased by 8 percent to 13 billion in 2015, with the Middle East, Africa and Asia-Pacific seeing the fastest growth. trillion spent in 2015, with 37 percent market share. As of the end of 2015, there were 5.3

Chip Cards 40

Chip Cards Visa CHIPS Bank Card 40

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

PYMNTS

OCTOBER 20, 2016

That figure is down by 7 percent since 2015. One-in-five consumers are considering using wearables or smart devices to pay, which has increased by 2 and 3 percent, respectively, from 2015. chip migration? Business Wire and a new report from Accenture report that 60 percent of consumers in the U.S. Population.

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Payment APIs and Integration Online and Mobile Banking EMV Chip Cards 65

PYMNTS

SEPTEMBER 30, 2019

Visa said that since their inception, chip cards have reduced counterfeit fraud by 87 percent. merchants dropped from September 2015 to March 2019 along with the 825 percent uptick in merchant acceptance of chip cards. Some payment methods offer stronger protections than others.

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Chip Cards CHIPS Authentication Accreditation 40