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

Stax

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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How are Interchange Fees Calculated?

Stax

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.

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EMV's Prepaid Problem: Issuers Aren't Interested in the Security

Payments Source

New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.

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Hacked ATMs Lead to 70% Rise in Debit Card Fraud

FICO

That means we’ll continue to see compromises - and card fraud - rise. As ATMs aren’t yet required to be chip-card enabled, the EMV adoption that came into force last year isn’t driving fraud down yet. If your plastic card is captured inside of an ATM, call your card issuer immediately to report it.

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What Is Tiered Pricing in Credit Card Processing?

Stax

It splits transactions into three types—non-qualified, mid-qualified, and qualified—depending on the credit card type and payment mode used, and charges a different fee for each tier. Payments made with international cards, business cards, and specific high-benefit rewards cards are classified as non-qualified and have the highest fees.

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The Different Ways a Business Can Accept Credit Cards

Clearly Payments

With over 79% of consumers using credit or debit cards for transactions, businesses that do not accept cards risk losing significant sales. This article will explore the various ways businesses can accept credit cards, including their advantages, costs, and considerations. Pros Fast and secure transactions.

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UK Contactless Payments Grow 18 Pct. YOY

PYMNTS

In fact, almost 50 percent of all debit card payments are contactless. billion transactions with their debit cards, which is a jump of 8.9 billion card transactions, both debit and credit, made in July, an increase of 5.7 don’t rely on swiping or chip card readers. New data from U.K.