The Paypers

AUGUST 5, 2016

(The Paypers) Mastercard has announced that 80% of its US consumer credit cards have chips, representing an 88% increase in chip card adoption since 2015.

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Chip Cards CHIPS Credit Cards Consumer 31

PYMNTS

JUNE 16, 2016

Atlanta-based Home Depot says new payment cards with “chip” technology remain less secure in the U.S. than cards used in Europe and elsewhere in the world. Even with chips, U.S. Even with chips, U.S. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

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Chip Cards CHIPS Visa Security 43

PYMNTS

AUGUST 4, 2016

A new flaw has turned up in the chip-based cards on offer in the U.S. This means fraudsters can continue to clone mag striped EMV cards and find them useful.

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CHIPS Chip Cards EMV Encryption 48

PYMNTS

FEBRUARY 13, 2019

Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1 More than 3.1

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EMV Chip Cards CHIPS Credit Cards 100

PYMNTS

MAY 26, 2016

Million | The number of chip-active merchant locations as of April 30, 2016. issued, MasterCard-branded chip-enabled consumer credit cards. 39 | The percentage by which counterfeit card fraud basis points at EMV-enabled merchants dropped between January 2015 and January 2016. 1 deadline.

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PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. percent of card present transactions were EMV chip-enabled. More than 2.9

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PYMNTS

APRIL 10, 2018

With fraud on the rise, credit card networks have realized that customer signatures are simply not a reliable way to authenticate someone’s identity — and some of the country’s largest retailers agree. And Visa is making signatures optional in North America, but only for retailers with payment systems that read chip cards.

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Credit Cards Chip Cards CHIPS Visa 53

BNG Payments

FEBRUARY 4, 2022

Wireless Credit Card Processing A Guide to Wireless Credit Card Payment Processing Portable card machines are designed to operate via built-in Bluetooth capability, and connect wirelessly through the internet. The merchant slides a customer’s card through a wireless machine and enters the sale amount.

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Credit Card Payment Processing Credit Cards Process Online and Mobile Banking 52

PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. More than 8.2

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CHIPS EMV Crime Credit Cards 52

PYMNTS

MARCH 27, 2017

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. Contactless credit cards and mobile wallet use have seen a slow rate of adoption in the U.S.,

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CHIPS Chip Cards Push-to-Card Debit Card 41

BNG Payments

JANUARY 8, 2022

How to Compare Credit Card Processing Companies When it comes to maximizing sales potential, honoring credit cards should be at the top of the list to accomplish sales goals. Inquire if the company honors all major credit cards and services, such as Apple Pay or Google Pay.

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Credit Cards Process Processors EMV 52

PYMNTS

MAY 13, 2016

Merchants and Chip Cards. Last month, both Visa and MasterCard released new specs that enable a “swipe-like” consumer experience such that consumers can insert and remove their chip cards without having to wait for the transaction to be completed. Across the pond, however, it remains a rather different story.

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Chip Cards CHIPS Cybersecurity Caps 40

Payments Source

MAY 9, 2016

Six months after the credit card fraud liability shift, merchants who have not implemented chip card technology are complaining about a larger number of chargebacks than they expected. But there are steps that can stem the tide.

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Chip Cards EMV Posting CHIPS 99

PYMNTS

MAY 17, 2017

The International Card Manufacturing Association (ICMA) is out with a new report that finds 70 percent of all financial cards have a chip embedded in them. In a press release issued Tuesday (May 16), the ICMA said chip cards account for 88.6 percent of revenue for cards globally manufactured in 2016.

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PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., The card giant said that, as of July of this year, 88 percent of its U.S.-based based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct.

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EMV Visa Chip Cards CHIPS 92

PYMNTS

SEPTEMBER 13, 2016

EMV adoption is well on its way one year after the introduction of chip-enabled cards, and more adopters will jump on for the ride following Mastercard’s press release on Sept. Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards.

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EMV Visa Chip Cards CHIPS 70

PYMNTS

JANUARY 9, 2020

The shift from magnetic stripe to EMV chip cards marked one of the 21 st century’s most widespread payment developments. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015. At the state level, the number of credit card fraud complaints were much more pronounced.

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Credit Cards Federal Trade Commission Data Breach Identity Theft 43

Stax

FEBRUARY 28, 2024

Businesses need to streamline the entire payment process by offering customers a payment setup that’s fast and convenient for credit card transactions. To decide which credit card terminal is right for you , it’s useful to take a close look at the different types of payment terminal setups available.

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Payments Source

NOVEMBER 14, 2018

has committed to roll out contactless chip cards for all new and replacement payment cards, which will likely spark a mass movement, if the experience of other global markets is any guide. JPMorgan Chase & Co.

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Chip Cards CHIPS Payments Credit Cards 83

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. EMV cards are becoming increasingly commonplace in the U.S. due to their superior security, compared to their magnetic stripe counterparts.

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Payment Savvy

JULY 3, 2024

Debit card processing refers to the series of steps and technologies involved in handling transactions made using debit cards. When a customer uses their debit card to make a purchase, the funds are directly withdrawn from their checking account, as opposed to credit card transactions where the funds are borrowed from the issuing bank.

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Debit Card Process PCI DSS Processors 52

Cardfellow

AUGUST 9, 2023

Those card types have their own interchange (CPS Supermarket), which we cover in this article: Visa CPS Supermarket. Let’s take a look at the eligibility requirements for the categories and what you can expect to pay if you’re running a supermarket and accepting Visa credit cards.

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Processors Credit Cards Chip Cards Settlement 52

PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards.

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PYMNTS

OCTOBER 14, 2019

cardholders made 314 million credit card transactions, an increase of 9.1 When it comes to contactless usage, about half of debit card transactions and 35 percent of credit card transactions were done using the method. don’t rely on swiping or chip card readers. billion ($63.8 percent from a year ago.

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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

AUGUST 15, 2018

Today’s coverage includes news about faster chip card transactions, along with brightening prospects for retail and technology in the U.S. can now process chip cards in just two seconds on Square Reader , for contactless and chip, and Square Register. Square Makes EMV Transactions Faster In The US.

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EMV Chip Cards Cross-Border Payments CHIPS 40

The Paypers

AUGUST 15, 2016

(The Paypers) Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.

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EMV Payment Issues Chip Cards Credit Cards 31

PYMNTS

OCTOBER 14, 2019

cardholders made 314 million credit card transactions, an increase of 9.1 When it comes to contactless usage, about half of debit card transactions and 35 percent of credit card transactions were done using the method. don’t rely on swiping or chip card readers. billion ($63.8 percent from a year ago.

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Contactless Payments Continuity Debit Card CHIPS 49

PYMNTS

DECEMBER 23, 2016

Just over a decade ago, checks were the predominant type of noncash payment in the United States, while, one by one, starting in 2007, non-prepaid debit card, then credit card, and then ACH payments (with debit transfers and credit transfers combined) overtook check.”. Debit card payments grew at an annual rate of 7.1

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Debit Card Federal Reserve Chip Cards CHIPS 40

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

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PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. 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. However, the U.S. In other words, nearly all U.S.

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Contactless Payments Chip Cards EMV Card Issuer 56

PYMNTS

SEPTEMBER 4, 2018

The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online. merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards — another point in favor of plastic payment cards.

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Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

SEPTEMBER 25, 2017

million | Number of merchant locations that accept EMV chip cards as of June, according to Visa. storefronts that accept chip cards as a payment method since 2015. 6.2 | Percentage portion of credit card balances that became 30-days delinquent in Q2 2017, a 5.1 473 | Percentage increase of U.S.

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Chip Cards EMV CHIPS Payments 43

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. Contactless cards All cards today can come contactless. There are a few options.

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

PYMNTS

NOVEMBER 2, 2016

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., after being slow to be embraced by consumers.

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Stax

AUGUST 13, 2024

It’s hardly surprising that contactless cards and mobile payments have become a far superior alternative to using cash, swiping/dipping cards, or keying in your card number to make payments. A study by The Harris Poll found that 42% of consumers view tap-and-pay credit cards as the safest form of payment.

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Contactless Payments Payments Cash Management Process 88