PYMNTS

MARCH 27, 2017

“These seconds we’ve chipped away matter a lot to both the customer and business owner handling hundreds of transactions a day.”. the payment processing company has focused on making chip-card processing speeds faster to cut down on long lines for their sellers as part of a broader push to enable the retail industry.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

FICO

MARCH 29, 2017

The number of hacked card readers at U.S. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. The rest took place at bank ATMs or point-of-sale (POS) devices, such as card payment machines at retailers. The average number of cards affected by a single compromise was cut in half.

ATM 72

ATM Debit Card Compromise Card Issuer 72

PYMNTS

MAY 23, 2016

2015, MCX’s “anchor member,” Walmart, launched Walmart Pay , a QR code-based mobile payments app that leverages Walmart.com credentials, which include network branded credit and debit cards. Then, in perhaps the most overt sign of its finishing blow, in late Dec. That was the gist of a letter Sen.

EMV 43

EMV Mobile Payments Push-to-Card Chip Cards 43

PYMNTS

AUGUST 5, 2016

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. So, we all know this – chip cards were not going to fix the problem of fraud at the POS. This is a sizzle for everyone since it removes a ton of friction. million.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

PYMNTS

AUGUST 29, 2018

merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards. To that end, Visa said that, as of its latest “Visa Chip Card Update,” as many as 67 percent of storefronts in the United States now accept chip cards. billon in September 2015.

Chip Cards 46

Chip Cards CHIPS EMV Debit Card 46

Fintech Labs Insights

OCTOBER 16, 2016

In a new partnership , Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient’s Visa debit card. In fact, according to a recent report from Mastercard, 88% of consumers have been issued chip cards, but only 33% of merchant locations accept them.

EMV 17

EMV P2P Same Day ACH FinTech 17

PYMNTS

SEPTEMBER 30, 2016

Additionally, according to newly released data from Cayan, consumers are getting increasingly used to using EMV in their day-to-day lives — 42 percent of consumers use chip cards three or more times per week while shopping. Not surprising, since there are more than 700 million chip cards in circulation in the U.S.

EMV 82

EMV CHIPS Chip Cards Push-to-Card 82

PYMNTS

FEBRUARY 23, 2018

23) that counterfeit fraud, as measured in dollars, dropped 70 percent in December 2017 compared to September of 2015. million merchant locations now accept chip cards, covering 59 percent of the merchant population. By way of contrast, in September 2015, the number of merchants accepting those cards stood at roughly 392,000.

CHIPS 46

CHIPS Chip Cards EMV Debit Card 46

PYMNTS

MAY 16, 2016

About a year ago, Walmart SVP and Assistant Treasurer Mike Cook referred to then-forthcoming EMV rules as “a joke,” noting that the signatures required at the end of the transaction essentially invalidated any potential security advance offered by the chip card. Seventy percent of Walmart’s chip-based transactions are on debit cards.

Central Bank 40

Central Bank SWIFT CHIPS EMV 40

PYMNTS

MARCH 30, 2016

percent indicated the use of mobile payments — widely considered to be the best defense against fraudsters — as the payment method most often used to pay for purchases, while almost 61 percent and 29 percent said they primarily use debit cards and credit cards, respectively. Of the survey participants, only 1.1

Consumer 44

Consumer Security EMV CHIPS 44