PYMNTS

SEPTEMBER 22, 2020

But if the man called his card issuer and pretended the order was never his and that his card had been misused fraudulently, he wouldn’t owe the fee. Gluck said that presented his friend with an interesting moral dilemma. If the man initiated a return, he was on the hook for a 20 percent restocking fee.

EMV 86

EMV Issuers CHIPS Card Issuer 86

Payments Source

SEPTEMBER 6, 2016

As the payments industry progresses through the first stage (POS terminals) of the EMV liability shift and gets closer to the second stage (ATMs), a lingering question that can be asked is, why would any card issuer not want to get certified for EMV?

Chip Cards 76

Chip Cards CHIPS Card Issuer EMV 76

PYMNTS

FEBRUARY 7, 2017

EMV is nowhere near finished, a year and a half after the much-heralded liability shift in the U.S. This is the percentage of all Merchant Link orders that are for EMV terminals — a transition, said Carcillo, that “has really taken off in the market segments we serve, in retail and hospitality.”. Data Point Number One: 82 Percent.

EMV 57

EMV Contactless Payments Gateways Push-to-Card 57

Payments Source

MAY 26, 2016

Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.

Card Issuer 79

Card Issuer Debit Transaction Debit Card EMV 79

Payments Source

APRIL 21, 2016

We have been clear from the start that the date fixed by the card networks for liability shift was far too aggressive and essentially resulted in a Christmas present to card issuers.

Card Issuer 71

Card Issuer EMV Issuers Acquirers 71

PYMNTS

JUNE 23, 2016

American Express has announced changes to its EMV chargeback policy in order to ease the transition as merchants migrate their POS systems to be EMV-compliant. Amex will also limit the number of counterfeit fraud chargebacks to a total of 10 per card account. We recognize the migration to EMV in the U.S.

EMV 45

EMV Chip Cards CHIPS Disputes 45

The Paypers

AUGUST 16, 2021

US-based technical body EMVCo has published EMV 3-D Secure UI/UX Design Guidelines to help card issuers, banks, merchants and solution providers optimise the EMV 3DS payment authentication experience for ecommerce consumers.

EMV 41

EMV Card Issuer Security Issuers 41

PYMNTS

OCTOBER 27, 2016

percent in 2015, outpacing the growing global card volume. The industry’s best defense against counterfeit fraud are EMV cards and the terminals needed to read their chips,” David Robertson, publisher of The Nilson Report, said in a press release. EMV has been steadily penetrating dozens of countries, but in the U.S.,

EMV 75

EMV Card Issuer Issuers Volume 75

PYMNTS

SEPTEMBER 13, 2016

Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. million EMV-enabled payment cards issued across the platform in the U.S. states and 700 branches, sought to enhance customer experience with an instant issuance solution and also needed EMV capability.

Card Issuer 69

Card Issuer Debit Card EMV Issuers 69

Payments Source

MAY 10, 2020

card issuers aren’t getting the full benefit of the contactless phenomenon because of their slower contactless card rollout strategies.

Card Issuer 95

Card Issuer Issuers Credit Cards Contactless Payments 95

FICO

APRIL 3, 2018

While adoption of the EMV payment standard in the US (as embodied in chip cards and panic at the checkout ) has been slow, fraudsters’ gravitation to card not present (CNP) fraud has been anything but. Two and a half years after the liability shift from issuers to merchants (i.e., Customer satisfaction is key.

Fraud Detection 85

Fraud Detection EMV Issuers Chip Cards 85

Payment Savvy

JANUARY 11, 2023

If you are one of the ten million-plus American businesses with a merchant processing credit card account, the chances are you are aware of an industry term known as interchange. Each new credit card transaction is assigned to what is known as a target interchange category. What Is Downgrading a Credit Card. What Is a Bucket?

Credit Cards 98

Credit Cards Card Issuer Issuers Processors 98

FICO

MARCH 29, 2017

That means we’ll continue to see compromises - and card fraud - rise. I’ve been asked whether EMV transition is playing a role here. 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. I think it is, but not the role you’d expect.

ATM 72

ATM Debit Card Compromise Card Issuer 72

Stax

DECEMBER 9, 2024

Chargeback Process When a cardholder disputes a credit card payment, the chargeback process is set in motion. The cardholder contacts their credit card issuer, providing details of the disputed transaction and the reason for the dispute. Credit card issuers must comply with the FCBA guidelines when processing chargebacks.

Credit Cards 88

Credit Cards Process Disputes Card Issuer 88

Fi911

JULY 19, 2024

Chargebacks can be costly for both merchants and card issuers, so having a standardized set of reason codes helps in efficient handling and resolution of these disputes. Fraud These reason codes are used when the cardholder claims that their card was used without their authorization or knowledge.

Disputes 88

Disputes Duplicate Non-Bank Authorization 88

PYMNTS

JUNE 6, 2019

Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. JPMorgan Chase launched a contactless card called Blink back in 2005, then killed it off in 2014 ahead of the push for EMV chip cards. percent between 2018 and 2025. In the U.S.,

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 56

Fi911

AUGUST 16, 2024

Given that chargebacks can result in substantial expenses for both merchants and card issuers, utilizing a cohesive set of reason codes streamlines the management and resolution of these challenges. These codes serve as an important guide for understanding the key drivers behind each chargeback.

Disputes 73

Disputes Non-Bank EMV Authorization 73

Payments Source

MAY 16, 2018

Card issuers have long feared that third-party mobile wallets would erode their brand power by rendering them an invisible part of the payment process — and issuers like Barclays and TD Bank are finding ways to fight back.

Card Issuer 68

Card Issuer Issuers Process Payments 68

Stax

AUGUST 20, 2024

The EMV 3DS solutions by EMVCo are: Verified by Visa or Visa Secure, MasterCard SecureCode, Discover ProtectBuy, and American Express SafeKey. The merchant’s website will initiate a 3DS request with the customer’s card issuer on the payment page. Learn More What is 3D Secure (Secure 2.0) Authentication?

Authentication 88

Authentication Security Card Issuer Payment APIs and Integration 88

The Paypers

OCTOBER 29, 2020

EMVCo has published a white paper which provides guidance to merchants, card issuers, acquirers and processors on how FIDO Authentication Data can be used in EMV 3-D Secure (3DS).

EMV 28

EMV Issuers Authentication Card Issuer 28

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

PYMNTS

NOVEMBER 14, 2018

The firm described the contactless checkout experience as “simple and secure,” in part due to secure EMV chip technology, and one where tap and pay takes place at readers bearing the “contactless symbol” – and Chase said transactions would be done “often with no signature required.” 1 card issuer in the U.S. – Chase – the No.1

Credit Cards 57

Credit Cards NOV Contactless Payments Card Issuer 57

Clearly Payments

DECEMBER 2, 2024

This involves using a physical point-of-sale (POS) terminal to process card payments. How It Works The customer swipes, inserts, or taps their card on the POS device. The terminal communicates with the card issuer to approve the payment. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes.

Credit Cards 94

Credit Cards Payment Gateways Gateways Multi-Currency 94

PYMNTS

NOVEMBER 30, 2018

It’s not as prevalent in the United States, however, as many card issuers don’t give customers the contactless option. The change happened quickly – numerous markets saw contactless usage go from single digits to more than 50 percent use within 18 to 24 months. that we have seen in the rest of the world,” Sanford said.

Contactless Payments 59

Contactless Payments Chip Cards CHIPS Card Issuer 59

PYMNTS

JANUARY 30, 2020

Encouraging use of EMV cards rather than magstripes helps protect consumers against card skimming, and many payments industry players are exploring biometric payment authentication and other methods as well. Card issuers, networks and retailers all must play a part in defending against such breaches.

Security 73

Security Debit Card Fraud Detection Federal Trade Commission 73

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.

CHIPS 41

CHIPS Credit Cards Chip Cards EMV 41

PayHawk

APRIL 18, 2023

Address Verification Service (AVS) A fraud prevention tool that checks the billing address provided by the cardholder against the address on file with the card issuer. Annual Percentage Rate (APR) The annual interest rate charged by a credit card issuer on outstanding balances.

Process 52

Process Card Issuer Online and Mobile Banking Issuers 52

PYMNTS

JULY 21, 2017

As has been widely noted, the region has paved the way for the adoption of EMV, and its embrace by merchants in the EU, mandated though it has been, has steered hackers and criminals to online methods of siphoning funds from consumers and cheating companies. No mag strips, and so … when it comes to fraud, no swipe, no sweat?

Chip Cards 46

Chip Cards EMV CHIPS Issuers 46

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). Cybercriminals are thus increasingly turning to online platforms to perpetuate card-not-present (CNP) fraud.

AI 60

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

PYMNTS

DECEMBER 7, 2016

Long before American Express was a credit card issuer and a closed loop payments network, it was in the business of moving mail (and other things) quickly from one coast to the other. The good news about EMV, Williams noted, is that it did make a notable dent in card-present fraud. The changing commerce landscape.

Acquirers 90

Acquirers Online and Mobile Banking Zelle Push-to-Card 90

Fintech Finance

DECEMBER 6, 2023

Enhanced security: Enfuce also ensures the security of every issued card through the deployment of secure EMV technology and robust authentication methods like 3DS. The card will help card issuers right across Europe thrive in the current market, while also equipping them for the fossil-free future.

Issuers 52

Issuers Card Issuer Fraud Prevention EMV 52

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. Technological disruption and innovation The rapid pace of technological change is both a challenge and an opportunity for the card payment industry.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Stax

APRIL 18, 2024

Modern POS systems often come with built-in card readers capable of accepting various payment methods, including EMV chip cards, magnetic stripe cards, and contactless payments (NFC). EMV-compliant terminals are essential to process chip card transactions securely, reducing the risk of fraudulent activities.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

MARCH 13, 2019

In terms of mechanics, as Ethoca has detailed, the firm traces its genesis to 2005, and the focus has been on stopping fraud and chargebacks for merchants processing card-not-present (CNP) transactions. Merchants, the company said, can access fraud and transaction dispute data from card issuers via a portal or API.

Visa 74

Visa Disputes Issuers Authentication 74

PYMNTS

NOVEMBER 9, 2016

Late last month, EMVCo published the EMV 3-DS 2.0 Specification, a messaging protocol that allows consumers to be authenticated to card issuers during card-not-present transactions. A revamp, a redo, a new and improved model — from technology to your latest spouse. Enter 3-D Secure 2.0.

Security 76

Security Payments Authentication Issuers 76

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. Tapping their phone to a terminal proved far more exciting than tapping the card.

Contactless Payments 88

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

PYMNTS

AUGUST 1, 2016

On Wednesday, August 31, 2016 at 1:00 PM (EST), join James Jenkins, Director, CA Technologies and Karen Webster, CEO, Market Platform Dynamics as they discuss why banks and card issuers are at a pivotal juncture to embrace digital business transformation. Now located in the U.S., Digital Discussion Host: Karen Webster.

Payment Security 40

Payment Security Security Fraud Detection Card Issuer 40