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

Visa and MasterCard are using security measures prone to fraud, putting retailers and customers at risk of thieves, The Home Depot says in a new federal antitrust lawsuit. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers. District Court in Atlanta.

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Chip Cards CHIPS Visa Security 43

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., that is — Mastercard said on Monday (Sept. The card giant said that, as of July of this year, 88 percent of its U.S.-based 12) that data shows a “ positive impact ” through the technology across stakeholders, including issuing banks, consumers and merchants.

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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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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

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. Rates also change based on the card type (VISA, MasterCard, American Express), the card level, and the types of goods and services you offer.

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Credit Cards Process Processors EMV 52

PYMNTS

MAY 26, 2016

The latest stats released by MasterCard give more optimism about the U.S. Million | The number of chip-active merchant locations as of April 30, 2016. Million | The number of chip-active merchant locations as of April 30, 2016. issued, MasterCard-branded chip-enabled consumer credit cards.

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CHIPS Chip Cards EMV Visa 46

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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EMV Visa Chip Cards VARS 45

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

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

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

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

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

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.

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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

Stax

NOVEMBER 6, 2023

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Mobile card readers are now supported by major credit card processors such as Visa, MasterCard, and American Express.

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Mobile Payments Online and Mobile Banking Debit Card Payments 88

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

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

JANUARY 12, 2018

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 As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent. million U.S.

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EMV Chip Cards CHIPS Contactless Payments 61

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. There are a few options.

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

Cardfellow

OCTOBER 26, 2022

You’ll be able to accept all major credit and debit cards, including Visa, Mastercard, Discover, and American Express. The post Payroc Review 2023 appeared first on CardFellow Credit Card Processing Blog.

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Online and Mobile Banking Gateways EMV Checks 52

PYMNTS

MAY 17, 2017

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. 80 | Number of cities where Mastercard carriers can tap to pay for public transit.

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PYMNTS

APRIL 13, 2018

Consumers aren’t going to change from their tried and true methods of paying by credit card unless they can see that the new way will truly make their lives easier. Wearables can be used to make payments at almost any terminal that can accept a chip card, but today, the contactless function may or may not be turned on.

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Contactless Payments CHIPS Chip Cards Credit Cards 43

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. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

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EMV CHIPS VARS Push-to-Card 40

Fintech Finance

APRIL 17, 2024

Most customers now prefer credit cards and digital payments to cash. Zero-Cost Processing: Merchants have the option to eliminate fees associated with accepting cards by implementing fully compliant dual pricing, cash discounting, or customer surcharging. Secure and Certified: The ARISE Payment Terminal meets PCI PTS5.0

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Stop Payment Payment APIs and Integration ISVS Payments 52

Fintech Labs Insights

DECEMBER 29, 2015

There isn’t an abundance of deep thought about long-term financial plans, other than how to pay down inflated December credit card bills. Provide last-minute gift assistance via prepaid MasterCard/Visa cards. Detail holiday branch hours & service options (extra credit for a plug for online/mobile banking).

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Online and Mobile Banking Chip Cards Credit Cards Checks 18

PYMNTS

AUGUST 9, 2017

Today, the most encrypted way to transact is by Europay, Mastercard and Visa (EMV) chip cards. Any credit card with a chip is capable of tap-to-pay transactions in an EMV-enabled POS setting, but, more often than not (at least in the U.S.), That’s why we’re here.”.

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Consumer Chip Cards Point-of-Sale (POS) CHIPS 80

PYMNTS

MARCH 30, 2017

is really interesting in that we see a lot of card usage through tap … which is perfect for our new card reader,” Square CEO Jack Dorsey told CNBC in an interview. and we think less than half accept credit cards, so we think the market opportunity is huge.”. There are over 5 million small businesses in the U.K.,

Online and Mobile Banking 43

Online and Mobile Banking ATM Law Enforcement Mobile Payments 43

PYMNTS

SEPTEMBER 19, 2016

Will anything ever excite millennials about credit cards? With good news to report, according to Mastercard. Just about a year into the move to chip-enabled cards, Mastercard reported that the data shows a “positive impact” through the technology across stakeholders, including issuing banks, consumers and merchants.

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EMV Chip Cards Push-to-Card CHIPS 58