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

MAY 18, 2020

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations. The enhanced consumer protection program was designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud, Mastercard said.

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Visa EMV Security Chip Cards 78

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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Payments Source

JUNE 22, 2016

American Express has joined Visa and MasterCard in adjusting chargeback policies for merchants that have not yet migrated to chip card payments.

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PYMNTS

JULY 19, 2017

Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

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Visa CHIPS Chip Cards EMV 59

Payments Source

JUNE 28, 2016

Building on industry initiatives to ease the user experience for chip cards and increase use of contactless technology, Oberthur Technologies has developed a dual interface card in the U.S. market that combines new Visa and MasterCard specs and 'tap and go.'.

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Chip Cards EMV CHIPS Visa 112

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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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

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

PYMNTS

AUGUST 3, 2016

Today, Mastercard announced that 80 percent of its U.S. consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. million chip-active merchant locations, which make up approximately 30 percent of the total merchant population in the U.S.

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EMV Visa CHIPS Chip Cards 43

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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EMV Verification Chip Cards CHIPS 52

PYMNTS

AUGUST 3, 2016

Mastercard is extolling the virtues of EMV technology and is highlighting its efforts in helping countries adopt the chip terminal system. According to Chiro Aikat, Senior Vice President of product delivery for EMV at Mastercard, EMV technology consistently brings “significant reduction in counterfeit card fraud.”.

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EMV Visa CHIPS Chip Cards 40

PYMNTS

APRIL 26, 2016

As part of its six-month EMV checkup , MasterCard said that more than two-thirds (67 percent) of its branded consumer credit cards in the U.S. have chips in them and that roughly 1.2 merchant locations now accept chip cards. In the six-plus months since the EMV liability shift deadline hit the U.S. million U.S.

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EMV Visa CHIPS Chip Cards 48

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g.,

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Credit Cards Process Online and Mobile Banking Processors 88

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

NOVEMBER 6, 2017

Mastercard announced news late last week that it named Jeanne Tisinger a senior advisor for cybersecurity. Tisinger joins Mastercard after three decades at the Central Intelligence Agency (CIA). Jeanne’s experience speaks for itself,” says Tim Murphy, general counsel and chief franchise officer, Mastercard in the press release. “As

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Cybersecurity Visa Chip Cards CHIPS 46

PYMNTS

SEPTEMBER 4, 2018

Mastercard wants to test out its fingerprint-scanning cards in the U.K. The payments firm is reportedly already testing the card in South Africa. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online.

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Chip Cards CHIPS Push-to-Card Payments 44

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

PYMNTS

APRIL 19, 2018

In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa. The data also showed that 63.7 That is an increase from 52.4 percent in 2016.

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PYMNTS

DECEMBER 8, 2016

Earlier this month, Visa and Mastercard said they had extended the deadline for U.S. gas station owners to install EMV chip card readers at the pump. To that end, he said, WEX “is still prepared to have a chip-enabled card” ready to debut in 2018. One beneficiary may be mobile payments.

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Chip Cards EMV CHIPS Push-to-Card 66

The Paypers

JULY 29, 2016

(The Paypers) MasterCard has announced the release of a new policy aimed at speeding up the testing and certification of EMV chip card terminals at US merchant locations.

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EMV Visa Chip Cards CHIPS 28

PYMNTS

MAY 17, 2017

EMV chip technology, virtual shopping security and contactless payments are making it easier than ever to spend money. For customers still paying with plastic, here’s what’s possible (or will be soon) – by the numbers: 70 | Percentage of financial cards with a chip embedded. billion | Number of chip cards produced last year.

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PYMNTS

JANUARY 24, 2019

million payment cards, Giorgio said. The contactless card opportunity for community banks stems from the expiration of first-generation EMV chip cards, she told Webster. She noted that, ever since EMV chip cards were introduced in the U.S., Contactless cards are, quite literally, touch and go,” she said.

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Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

SEPTEMBER 19, 2016

Part of that deployment reluctance on the part of the merchant, said Gumbley, can be traced to the vagaries of the consumer experience, where transaction times using chip cards can last anywhere from a few seconds to “multiple 30-second increments,” a range that can be disconcerting and confusing. And they need to, Gumbley said.

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Payment Savvy

JULY 3, 2024

The acquiring bank, which processes payments on behalf of the merchant, receives the transaction data and forwards it to the relevant card network (such as Visa or Mastercard). The card network acts as an intermediary that routes the transaction request to the issuing bank (the cardholder’s bank).

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Debit Card Process PCI DSS Processors 52

PYMNTS

JUNE 24, 2016

Oberthur Technologies (OT), a provider of embedded security software products and services, has rolled out a multi-payment dual interface card. This card, developed on OT’s Global Platform, is the first of its type that includes new features from both Visa and MasterCard.

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EMV CHIPS Chip Cards Visa 40

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. It’s not all good news.

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EMV Data Breach Chip Cards CCPA 54

Stax

AUGUST 13, 2024

The embedded RFID chip on a customer’s card is recognized by a contactless POS terminal. Tapping the card or holding it close to the terminal enables them to make a payment. Learn More What are Contactless Cards and How Do You Use Them? Q: How can I use a contactless card for touch to pay?

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Contactless Payments Payments Cash Management Process 88

Stax

JANUARY 5, 2024

Learn More Recommended Credit Card Terminals If your business needs traditional credit card terminals, consider the following: Dejavoo Z11 – The Z11 countertop terminal has EMV and NFC capabilities built-in, and can accept all modern payment methods , including mobile and contactless credit card payments (e.g.,

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

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. Visa, Mastercard, and the customer’s bank) for authorization.

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

Stax

APRIL 18, 2024

This technology enables merchants to conduct transactions on the go, typically with both mobile wallet solutions like iOS’ Apple Pay, as well as tap-to-pay, magstripe, and chip cards like American Express, Visa, and Mastercard. Q: What is a mobile credit card processor?

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

PYMNTS

APRIL 13, 2018

They’re keychains, rings, wristbands, coins — anything that can accommodate a chip. That’s why he said Cascade aims to help companies through the whole process, not just make them a chip that is capable of powering contactless payments. Schmerling said it won’t be long before that changes: Visa and Mastercard are requiring all U.S.

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PYMNTS

JUNE 7, 2017

UnionPay mobile QuickPass supports NFC contactless payment with UnionPay chip cards, smartphones and wearable devices. In May, Mastercard, UnionPay International and Visa introduced a standardized QR code for payments, accelerating Thailand’s transition to a cashless society.

Chip Cards 41

Chip Cards Visa Contactless Payments On-Demand 41

PYMNTS

JULY 25, 2016

That’s according to RBR’s Global Payments Cards Data and Forecasts to 2021 study, which also found UnionPay of China is controlling the biggest piece of the $21.6 That’s up from 32 percent in 2014 and in front of Visa and Mastercard. Visa had a 32 percent share, while Mastercard had 20 percent.

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Chip Cards Visa CHIPS Bank Card 40

PYMNTS

MARCH 18, 2016

Though the device, designed for use in the United States, accepts chip cards, it was not set up with a PIN pad. The block was removed only in the wake of a push by two other payments giants, MasterCard and Visa, the latter of which has a 10 percent stake in Square.

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PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard.

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EMV Security CHIPS Online and Mobile Banking 76

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. the verification method after dipping the chip is still a signature – as opposed to a PIN.

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EMV CHIPS VARS Push-to-Card 40