Remove Chip Cards Remove CHIPS Remove Large Merchants
article thumbnail

EMV’s Slow Crawl Into Retail

PYMNTS

retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct. According to the report, only 37 percent of U.S.

EMV 41
article thumbnail

Square And Apple: Who Is The Big Winner Of Their Payments Pair-Up?

PYMNTS

Square’s POS system was included a very elegant NFC/EMV chip reader — Apple Pay accepted as part of that package. Square is encouraging their merchants to accept Apple Pay — and maybe to even get consumers to want to use it. The unofficial account is that the acquiree wanted more money than the acquirers wanted to spend.

article thumbnail

FTC Probing Visa, Mastercard About Debit Card Practices

PYMNTS

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The Federal Trade Commission (FTC) is talking to large merchants to discover if some retailers are being blocked from routing digital payments over alternative debit networks, sources told Bloomberg.