Remove 2015 Remove Chip Cards Remove Contactless Payments
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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

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EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

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Chip Card Shipments Top 2.3 Billion In 2017

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Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. had soared the global demand for smart payment cards by as much as 34 percent, an SPA report found in 2016.

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Contactless Payments Set To Explode In US

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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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Tap to Pay: What It Is and How It Works

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Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. And the winner of the 2010s and beyond is the NFC-powered, contactless sensation that is tap-to-pay.

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Giving Community Banks The Contactless Card Boost

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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. Hip Contactless. She noted that, ever since EMV chip cards were introduced in the U.S., Let’s break that down a bit.

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Verifone Launches Verifone Engage In Europe, Eyes SMB Market

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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 noted that secure payment and ease of use were two reasons why the German retailer opted to go with Verifone. “We

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Square Chip Readers Get Speed Boost

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“These seconds we’ve chipped away matter a lot to both the customer and business owner handling hundreds of transactions a day.”. Campbell-Urban noted that while Square believes that contactless payments are the future in the U.S., According to data from ABI Research, annual shipments of contactless cards in the U.S.

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