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Adding Fuel In The Tank For Mobile At The Pump?

PYMNTS

gas station owners to install EMV chip card readers at the pump. The new deadlines speak volumes about the upgrades needed, and as Visa noted in its own statement on the matter: “Older pumps may need to be replaced before adding chip readers, requiring specialized vendors and breaking into concrete.”

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Mastercard Expanding Scan-To-Pay QR Program

PYMNTS

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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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. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.

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Giving Community Banks The Contactless Card Boost

PYMNTS

Contactless has yet to catch on in the United States, despite years of promotional efforts and the success of the payment method in the U.K., However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives.

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Cross-Border Payments, Innovation And CEO Insights Top Week’s News

PYMNTS

It was a busy week for payments and commerce news, and the new PYMNTS Weekender is here to make sure you didn’t miss anything. Coverage includes a story about how bamboo straws signal a new phase in global commerce, a new mobile payment network and Amazon’s latest push into biometrics, among many other topics and original PYMNTS research.

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Square Chip Readers Get Speed Boost

PYMNTS

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. lines got longer and customers got more frustrated.

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Is The US On The Verge Of A Contactless Surge?

PYMNTS

has been slower to adopt contactless payments than other parts of the world, Europe in particular. According to payment gateway NMI, just 3 percent of payments in the U.S. don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. However, the U.S.