Payments Source

AUGUST 12, 2020

The complexity of the migration is an opportunity to examine other elements of the payment experience, says TNS' Brian DuCharme.

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Chip Cards CHIPS EMV Payments 115

PYMNTS

JUNE 24, 2016

Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 EMVCo has also provided updates about EMV chip-based transaction volumes. percent of all card-present transactions conducted globally between Jan. in 2014).

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Chip Cards CHIPS EMV Interoperability 41

Payments Source

JUNE 5, 2017

By the end of last year, the number of EMV chip cards in global circulation had increased by 1.3 billion, according to EMV standards body EMVCo. billion from 2015 to a total of 6.1

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Chip Cards CHIPS EMV 60

Payments Source

MAY 18, 2020

In line with the other major card brands, Mastercard is extending its EMV liability shift at gas pumps to April 2021. It is also launching a data-driven fraud protection tool for fuel merchants who have not completed their upgrade to chip-card EMV pumps.

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EMV Visa Chip Cards CHIPS 93

Payments Source

JUNE 15, 2016

Despite some early success, it can’t be ignored that there are still many merchants that cannot accept EMV chip cards.

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Chip Cards CHIPS EMV Acquirers 79

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement.

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Chip Cards CHIPS EMV Contactless Payments 44

Payments Source

AUGUST 4, 2016

If new research from NCR about a flaw in chip cards proves to be reproducible by fraudsters, it may undermine the core benefit of EMV security.

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Chip Cards CHIPS Security EMV 60

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., counterfeit fraud, measured in dollars for these card present transactions, has dropped precipitously. EMV” is shorthand for Europay, Mastercard and Visa chip cards. storefronts now accept chip cards, according to the data.

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EMV Chip Cards Continuity CHIPS 79

Payments Source

APRIL 21, 2020

The coronavirus pandemic has added a troubling twist to the already difficult process of converting fuel pumps to accept EMV chip cards and communicate with the stations' point-of-sale terminals.

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EMV Chip Cards CHIPS Process 90

Payments Source

SEPTEMBER 12, 2018

EMV coverage has gaping holes—including smaller financial institutions that haven’t fully converted to EMV and millions of merchant locations still not accepting chip cards.

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EMV Chip Cards CHIPS Rules 83

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

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EMV Chip Cards CHIPS Credit Cards 100

PYMNTS

JUNE 8, 2016

Just how well is the chip card migration going? chip rollout is already having an impact on counterfeit fraud, the number one cause of in-store payment fraud today.” 2015, an average of 23,000 new merchants are becoming chip-enabled weekly. 2015, an average of 23,000 new merchants are becoming chip-enabled weekly.

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Chip Cards CHIPS EMV Volume 43

Payments Source

AUGUST 21, 2016

The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming.

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CHIPS EMV Chip Cards ISOs 72

Payments Source

JUNE 23, 2016

Discover is offering its version of Quick Chip for merchants to speed up the EMV chip card checkout process at the point of sale.

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CHIPS EMV Chip Cards Process 60

Payments Source

OCTOBER 2, 2016

EMV chip cards have delivered on their promise to halt counterfeit fraud at the physical point of sale. But for a technology developed long before the invention of e-commerce, mobile wallets and the word "omnichannel," delivering on its promise still feels like falling short.

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EMV Chip Cards CHIPS Technology 140

Payments Source

NOVEMBER 14, 2016

There are security gaps in chip cards that are vulnerable to new types of skimming. Biometrics can help solve this problem, and will also prove handy as EMV cards migrate to smartphones.

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EMV Security Chip Cards CHIPS 114

Payments Source

MARCH 17, 2016

Consumers who have been issued EMV chip cards know how to use them. So it might come as a surprise when merchants equipped with chip card readers instruct their customers to swipe their cards instead.

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EMV Chip Cards CHIPS Consumer 110

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. EMV Cards’ Checkered Reputation In The US. EMV cards store payment data within integrated circuit chips rather than magnetic stripes. It may seem strange that the U.S.

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EMV Verification Chip Cards CHIPS 52

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. payment volume in March was on EMV cards. down by 76 percent.

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CHIPS Chip Cards EMV Volume 53

Payments Source

NOVEMBER 1, 2019

The complexities of converting fuel pumps' hardware and software to accept EMV chip cards was such that the card brands gave pump manufacturers and gas stations an extra five years to comply. Now one year is left — and those complexities haven't diminished.

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EMV Chip Cards CHIPS Rules 63

Payments Source

DECEMBER 14, 2016

The percentage of EMV transactions in the United States is miniscule compared to other parts of the world, but the migration to chip cards in the U.S. of all card transactions. is lifting the technology's global growth — now at 42.4%

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EMV Chip Cards CHIPS Transactions 97

Payments Source

AUGUST 9, 2016

Card manufacturer Oberthur Technologies is offering issuers facing a shortage of EMV chip cards an option to receive as many as 25,000 in five days, rather than waiting the standard three to four weeks.

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EMV Chip Cards CHIPS Security 99

PYMNTS

SEPTEMBER 2, 2016

The movement to EMV and chip cards has been one of safety, but card users themselves have been disgruntled when actually using the cards.

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Chip Cards CHIPS EMV Debit Card 40

Payments Source

OCTOBER 16, 2018

Shell has launched a new mobile app called Pay & Save, designed as a frictionless complement to the EMV-chip cards it must accept at its pumps by late 2020.

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EMV Chip Cards CHIPS Rules 76

Payments Source

FEBRUARY 28, 2016

EMV liability shift for counterfeit card fraud went into effect, most restaurants aren't processing chip cards, and that's not changing anytime soon, according to a top executive at Heartland Payment Systems. Five months after the U.S.

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EMV Chip Cards CHIPS Process 111

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

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 Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

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EMV Chip Cards Verification CHIPS 67

Payments Source

JULY 5, 2016

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

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EMV Legal Chip Cards CHIPS 102

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?

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Chip Cards CHIPS Card Issuer EMV 76

Payments Source

APRIL 13, 2016

Visa insists that EMV chip card transactions take no longer to process than magstripe transactions do, but it is aware that many consumers disagree.

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CHIPS Chip Cards EMV Transactions 94

PYMNTS

JUNE 8, 2016

The latest chip card data from Visa is in. What these figures show, as of the end of April, is how well the migration to chip cards in the U.S. On the merchant side, Visa’s latest data shows that, since October 2015, an average of 23,000 new merchants are becoming chip-enabled weekly. But on the card side?

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Chip Cards CHIPS Volume Transactions 40

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. 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

Payments Source

FEBRUARY 29, 2016

migration to EMV chip cards has been rough, according to U.K.-based based Creditcall, which hopes its new certification from First Data can smooth things out.

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EMV Chip Cards CHIPS Acquirers 104

Payments Source

OCTOBER 6, 2016

For many restaurants that put originally put EMV on the back burner because of technical complexities and a lower general risk of counterfeit card fraud, waiting to support chip cards has proven to be the right decision.

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EMV Chip Cards CHIPS Origination 100

Payments Source

MARCH 20, 2018

As gas stations add EMV-chip card acceptance at the pump, they will also find themselves rebuilding systems for loyalty programs and special offers that were reliant on their older hardware.

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EMV Chip Cards CHIPS Rules 69

Payments Source

OCTOBER 26, 2017

EMV liability shift, chip cards are commonplace in American wallets. But the benefits of EMV cards — a longer five-year lifespan and a reduced need to reissue in the event of fraud — have muted the demand for new cards. Now two years on from the U.S.

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EMV Chip Cards CHIPS On-Demand 62

Payments Source

SEPTEMBER 12, 2017

While the EMV fraud liability shift for most companies passed nearly two years ago, there are still pockets of stores that haven't switched over — and they can be particularly prone to the kind of fraud chip cards are designed to thwart.

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EMV Processors Chip Cards Acquirers 71