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EMV’s Slow Crawl Into Retail

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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.

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

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According to Square Hardware Lead Jesse Dorogusker, the simplest answer is that it gets to offer a better service for its merchants and their customers. “It’s no secret that chip cards can be slow, which is why we built our reader to also accept contactless payments, a faster and safer way to pay,” he noted.

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FTC Probing Visa, Mastercard About Debit Card Practices

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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.