PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 No more signatures.

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EMV Chip Cards CHIPS Contactless Payments 61

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. ” Biometrics coming on big.

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EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

DECEMBER 23, 2016

Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. With the EMV liability shift taking effect in October 2015, the part of the merchant community in the United States that hadn’t migrated to EMV saw chargebacks for counterfeit card fraud skyrocket.

CHIPS 53

CHIPS EMV Payments Contactless Payments 53

PYMNTS

APRIL 15, 2016

The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. Merchants have a lot going on these days.

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EMV Chip Cards CHIPS Disputes 71

PYMNTS

APRIL 26, 2016

The EMV numbers tell a compelling story. In the six-plus months since the EMV liability shift deadline hit the U.S. payments market, the continued momentum of EMV adoption has surprised just about everyone. have chips in them and that roughly 1.2 merchant locations now accept chip cards. million U.S. million U.S.

EMV 48

EMV Visa CHIPS Chip Cards 48

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. dollars has dropped by over 60 percent.

EMV 43

EMV Visa CHIPS Chip Cards 43

PYMNTS

MARCH 29, 2016

The Ripple effect of EMV. According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . The ripple effect of EMV, Bradbury said, is what he’s focused on this year. Yep, it’s real. Here’s a sneak peek:

EMV 42

EMV Checks CHIPS Authentication 42

Payments Source

APRIL 10, 2017

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

Chip Cards 82

Chip Cards EMV Posting CHIPS 82

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.”.

EMV 40

EMV Visa CHIPS Chip Cards 40

PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. 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. Best of Times.

EMV 46

EMV Chip Cards CHIPS Payments 46

PYMNTS

MARCH 27, 2017

Despite the security and authentication benefits, timeliness is not part of EMV’s wheelhouse. 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.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS 40

CHIPS Chip Cards Identity Theft Online and Mobile Banking 40

Braintree

OCTOBER 4, 2019

Thanks to EMV chip technology, Australian merchants have enjoyed a significant reduction of fraudulent in-person credit card transactions, with losses from counterfeit/skimming fraud at their lowest since 2006. High-risk” merchants that neglect to use 3DS to authenticate transactions risk an increase in declines.

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Mitigation Authentication Credit Cards Issuers 52

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV 40

EMV Authentication Card Issuer Issuers 40

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Almost ten years later, the US tried the technology, and it was four years after that when all EMV cards became NFC-equipped. The authentication methods verify each party’s identity before exchanging sensitive information.

Contactless Payments 88

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

PYMNTS

JULY 19, 2017

Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

Visa 59

Visa CHIPS Chip Cards EMV 59

PYMNTS

JANUARY 3, 2019

were caught up “in a perfect storm” of rapid online sales growth and the transition to EMV chip technology , leaving merchants vulnerable to CNP fraud. With that in mind, EMV recently announced that it had updated its protocol to prevent this type of fraud. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

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EMV Fraud Detection Consumer Authentication Authentication 60

PYMNTS

OCTOBER 18, 2018

With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,” said Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance for Mastercard.

Visa 87

Visa Contactless Payments Authentication EMV 87

Payments Source

JULY 5, 2017

EMV chips can take a company only so far, leading Oberthur to consider Morpho's expertise in biometrics and embedded security methods.

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EMV Security CHIPS Authentication 65

PYMNTS

DECEMBER 19, 2018

In a press release , Gemalto said it will test an EMV contactless biometric card for Europe via a pilot program backed by Intesa Sanpaolo and Mastercard. Gemalto said that will provide a fast and convenient user experience to a more advanced cardholder authentication. That results in a faster and safer checkout, noted Gemalto.

Contactless Payments 59

Contactless Payments Visa EMV Enrollments 59

Payment Savvy

JULY 3, 2024

EMV Chip Technology EMV (Europay, Mastercard, and Visa) chips generate unique, one-time codes for each transaction, making it much harder for fraudsters to clone or counterfeit debit cards. Two-Factor Authentication 2FA adds an extra layer of security to online debit card transactions.

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Debit Card Process PCI DSS Processors 52

Fintech Labs Insights

MAY 1, 2016

Chip Shield is a new product being launched at Finovate. We are working to expand the use of EMV chip technology and tokenization to protect consumer’s payments and identity in the online world. EMV chips can eliminate online fraud by proving the card is present. David is CEO and founder of Chip Shield.

CHIPS 14

CHIPS EMV Account Takeovers Chip Cards 14

PYMNTS

MARCH 13, 2020

Certain use cases border on unnerving – like the Chinese government employing thermal-scanning tech made by Hong Kong-based SenseTime that “authenticates” individuals by remote-scanning foreheads for fevers. New horizons in biometrics are making the greatest physical card security breakthroughs since the EMV chip.

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Authentication ATM EMV Credential 69

Clearly Payments

MARCH 22, 2024

When a user holds their NFC-enabled smartphone near a payment terminal, the NFC chip in the phone communicates with the terminal to complete the transaction. Integration of Biometric Authentication : Security concerns are paramount in the realm of mobile payments.

Contactless Payments 105

Contactless Payments Online and Mobile Banking Mobile Payments Payments 105

Stax

MARCH 15, 2024

EMV Standards: EMV (Europay, Mastercard, and Visa) standards govern the technology used in chip-enabled payment credit and debit cards and terminals. These standards help prevent card-present fraud by authenticating transactions through dynamic data authentication and cryptographic processes. Digital Certificates.

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Process Security PCI DSS Encryption 88

PYMNTS

SEPTEMBER 5, 2019

Also, Visa says chip cards have reduced counterfeit fraud by 87 percent since their inception, and Grab is planning to earmark $150 million for additional research into artificial intelligence (AI). Visa: Chip Cards Reduce Counterfeit Fraud by 87 Pct. Today in the payments news roundup, almost 40 percent of U.S.

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Instant Payments Chip Cards Economy CHIPS 46

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He said that biometrics could have the potential to remove the need for usernames and passwords, much the way EMV is intended to eliminate the need for cardholders to enter debit card PINs.

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EMV Online and Mobile Banking Credential Chip Cards 80

FICO

MARCH 18, 2020

Intelligent Orchestration of Multi-Factor Authentication. Biometric checks can certainly be robust, but no method of authentication is completely infallible — especially when you’re faced with adaptable and clever criminals. A robust identity authentication system needs the layered controls provided by multi-factor authentication.

Authentication 52

Authentication CHIPS Money Laundering Accounts 52

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

BNG Payments

JANUARY 7, 2022

Implement strong customer authentication methods Require that customers provide more than just their credit card information when making a purchase. Use EMV Terminals EMV stands for Europay, Mastercard, and Visa. Due to the effectiveness of EMV technology, the credit card industry has shifted merchant liability.

Credit Cards 52

Credit Cards Mitigation Risk PCI DSS 52

FICO

OCTOBER 31, 2019

As the adoption of EMV chip card technology has fueled a move to card not present (CNP) fraud , FICO analytic scientists are keenly focused on improving FICO® Falcon models’ CNP fraud detection. This additional protection in our Falcon models will be increasingly important as the payment card industry focuses on implementing PSD2.

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Fraud Detection Chip Cards Authentication EMV 40

PYMNTS

NOVEMBER 27, 2019

The expansion of EMV chip-enabled payment cards has made it more challenging for fraudsters to steal credit card information at the point of sale (POS). The new strategy relies on digital signatures for authentication instead of real user data. Around The Digital Fraud World.

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AI Point-of-Sale (POS) Card Issuer Credit Cards 60

PYMNTS

DECEMBER 12, 2017

According to American Express, the need for signatures has been declining around the globe thanks to payments advancements such as contactless offerings, the global adoption of EMV chip technology and the continued expansion of eCommerce.

Point-of-Sale (POS) 47

Point-of-Sale (POS) Credit Cards Debit Card Authentication 47

FICO

JUNE 8, 2017

First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market. Where the Consumer is the Criminal. This is essentially where the individual who undertakes the fraud has either performed or facilitated the fraud in their own or a completely synthetic (fictitious) identity.

Contactless Payments 58

Contactless Payments Risk CHIPS Payments 58

Stax

AUGUST 13, 2024

The embedded RFID chip on a customer’s card is recognized by a contactless POS terminal. Unlike good old magstripe or EMV chip cards, these require minimal contact with a point-of-sale system. RFID, on the other hand, uses electromagnetic fields to identify and track tags attached to objects.

Contactless Payments 88

Contactless Payments Payments Cash Management Process 88

PYMNTS

AUGUST 7, 2017

First, users can have a customer tap their EMV chip card directly on the phone. The phone, using the Tap2App mobile application, creates a unique transaction code in the same way a POS would at a retailer, and the chip in the card responds by completing the transaction. The real laggard is the U.S.,” Lynam said.

Point-of-Sale (POS) 40

Point-of-Sale (POS) Chip Cards CHIPS Contactless Payments 40

FICO

SEPTEMBER 14, 2016

This is a fundamentally different approach than authentication systems, which validate the user with a password or other biometric like fingerprint, voice or face recognition.

Authentication 84

Authentication Non-Bank Blocks Chip Cards 84