Remove Chip Cards Remove CHIPS Remove Encryption
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New Chip Card Security Flaw Found

PYMNTS

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. “There’s a common misperception EMV solves everything.

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Chip Shield’s $20 Online Fraud Solution

PYMNTS

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.”.

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Tap to Pay: What It Is and How It Works

Stax

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. It’s universally compatible Unlike the chip card and magnetic stripe, NFC technology is standardized.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Security Measures in Debit Card Payment Processing Here’s a breakdown of security measures employed in debit card payment processing: Encryption Encryption involves converting sensitive information (debit card numbers and personal details) into a coded format that is unreadable without a unique decryption key.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

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.

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Creditcall Announces Availability Of Contactless Card Reader

PYMNTS

In a press release , Creditcall said the the Elavon certification, with more payment processors being added in the following months, enables merchants to instantly accept contactless and EMV chip card payments at the mobile point of sale (mPOS).

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Chargebacks Have Merchants Scared Straight (To EMV)

PYMNTS

The EMV certification process is a confusing one to say the least – with merchants having to decide between a myriad of choices and certification methods to figure out the type(s) of certification(s) needed to actually accept EMV-enabled chip cards and to then face the long lines of other merchants doing the same.

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