Payments Source

JULY 8, 2020

The role of EMVCo — which is often seen as an extension of the card brands that deals only with chip-based EMV plastic cards— has come into sharper focus.

CHIPS 168

CHIPS EMV Card Network Rules Debit Card 168

Finextra

APRIL 17, 2024

one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank, one of the leading investment banking groups in Europe, successfully completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS network, the largest private-sector high-value clearing and settlement system in the world.

ISO 20022 64

ISO 20022 ISOs CHIPS Settlement 64

The Nilson Report

APRIL 11, 2024

The post Chips Network Migrates to ISO 20022 Message Format appeared first on Nilson Report.

ISO 20022 52

ISO 20022 ISOs CHIPS Posting 52

Fintech Finance

APRIL 17, 2024

one of the largest banks in Japan, and Crédit Agricole Corporate & Investment Bank , one of the leading investment banking groups in Europe, successfully completed the first payment in the ISO 20022 message format on The Clearing House’s CHIPS® network, the largest private-sector high-value clearing and settlement system in the world.

ISO 20022 40

ISO 20022 ISOs CHIPS Cross-Border Payments 40

The Paypers

JULY 8, 2022

Russia-based Sberbank has started removing chips from un-activated cards to combat shortage after European suppliers halted deliveries based on EU sanctions imposed on the country amid the ongoing Ukraine invasion.

CHIPS 73

CHIPS Bank Card 73

Payments Source

MAY 29, 2020

American financial institutions have surpassed 1 billion EMV chip cards in force to take second place in total EMV cards deployed, behind only the global leader, Asia Pacific.

Chip Cards 104

Chip Cards EMV CHIPS 104

PYMNTS

SEPTEMBER 4, 2019

Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. Chip cards are now accepted at more than 3.7

Chip Cards 78

Chip Cards CHIPS EMV Debit Card 78

The Paypers

JULY 6, 2022

Europe-based Open Banking platform TrueLayer has announced its collaboration with wealth-building app Chip to deliver enhanced customer experience through faster account payments.

CHIPS 50

CHIPS Accounts Payments 50

NFCW

JANUARY 23, 2024

EU calls for feedback on proposed settlement with Apple over NFC chip access was written by Sarah Clark and published by NFCW. .” The full text of Apple’s “Proposal of Commitments to the European Commission” is available to view on the European Commission’s website.

Settlement 72

Settlement CHIPS API Interoperability 72

PYMNTS

FEBRUARY 18, 2019

Facebook wants to create its own chips to deliver the type of computing speeds necessary to take the next leap forward in artificial intelligence, according to a report in the Financial Times. Though the company is working with chip companies like Intel on the new chips, it is not ruling out the possibility of developing its own.

CHIPS 72

CHIPS AI Processors Rules 72

PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. More than 8.2 The scanner then analyzes the individual consumer’s unique fingerprint.

CHIPS 52

CHIPS EMV Crime Credit Cards 52

Payments Source

NOVEMBER 15, 2019

Lawmakers in Germany have passed a law that would require Apple to open the iPhone’s NFC chip to other mobile payment providers.

CHIPS 81

CHIPS Laws Mobile Payments Payments 81

The Paypers

AUGUST 1, 2022

Chip , a UK-based savings and investment platform, has launched a savings account and broke into alternative assets.

CHIPS 36

CHIPS Accounts 36

Finextra

AUGUST 14, 2024

Apple is opening up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers in a host of countries - including the US and UK - but will charge associated fees.

Contactless Payments 134

Contactless Payments CHIPS Payments Technology 134

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. percent of card present transactions were EMV chip-enabled. down by 76 percent. More than 2.9

CHIPS 53

CHIPS Chip Cards EMV Volume 53

Payments Dive

JUNE 10, 2022

That was the annual increase tallied this week by EMVCo as part of its work to streamline payment protocols for merchants and improve the security of their transactions.

Chip Cards 128

Chip Cards CHIPS Transactions Security 128

The Paypers

FEBRUARY 27, 2023

Consumer electronics company Trezor has taken control of the chip production for its Model T product to improve device security and production efficiency.

CHIPS 36

CHIPS Product Security Consumer 36

PYMNTS

AUGUST 12, 2020

Exchange operator Deutsche Boerse will be removing Wirecard from the DAX index of leading German blue-chip stocks following a rule change, signaling another blow for the disgraced payments company, Reuters reported. The new rule change makes it so Deutsche Boerse can remove firms due to insolvency.

CHIPS 66

CHIPS Money Laundering Rules Regulations 66

Finextra

JULY 11, 2024

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.

Contactless Payments 130

Contactless Payments CHIPS Payments Technology 130

PYMNTS

JUNE 4, 2019

A next-generation artificial intelligence (AI) chip startup called Luminous has raised $9 million in a seed funding round and attracted investors like Microsoft Co-Founder Bill Gates, Uber CEO Dara Khosrowshahi and Uber Co-Founder Travis Kalanick, according to a report by CNBC. The process parallels how fiber-optic cables work and move data.

CHIPS 49

CHIPS AI Technology Process 49

PYMNTS

DECEMBER 21, 2020

Although the wagons have begun to circle more publicly and more recently on Apple and its payments stance — given the very public lawsuit over in-app purchases — large-scale efforts to challenge Apple’s position on allowing anyone other than Apple access to the NFC chip haven’t gotten much media bandwidth. That may not be the case for long.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

Payments Source

MARCH 26, 2018

Microchip implants could be considered the ultimate form of mobile payment — skipping the smartphone altogether in favor of giving people bionic abilities. And a small segment of the population is already lining up to try it out.

CHIPS 168

CHIPS Mobile Payments Payments Contactless Payments 168

Payments Source

OCTOBER 4, 2016

lost an early round of a lawsuit alleging they colluded to pin liability for fraudulent transactions on merchants who didn’t meet a chip-reading technology deadline. MasterCard Inc. and American Express Co.

CHIPS 88

CHIPS Credit Cards Visa Transactions 88

PYMNTS

JUNE 16, 2016

American Express announced the launch of Quick Chip , a service designed to provide a faster route to process EMV chip card transactions at the POS. Amex Quick Chip uses a technology that is said to help merchants provide their consumers with a frictionless and faster in-store checkout experience.

CHIPS 41

CHIPS Chip Cards EMV Processors 41

Payments Source

JULY 20, 2016

The industry-led EMV Migration Forum is changing its name and expanding its focus to accommodate the myriad changes that are happening alongside the move to chip cards.

Chip Cards 75

Chip Cards CHIPS EMV Acquirers 75

Finextra

JUNE 20, 2024

Refine Intelligence today launched its Digital Customer Outreach for Check Fraud Prevention solution for banks, addressing a growing wave of check fraud fueled by mail theft and advanced counterfeiting techniques.

Fraud Prevention 52

Fraud Prevention Checks CHIPS Addressing 52

Payments Source

APRIL 13, 2016

Visa insists that EMV chip card transactions take no longer to process than magstripe transactions do, but it is aware that many consumers disagree.

CHIPS 94

CHIPS Chip Cards EMV Transactions 94

PYMNTS

JULY 23, 2019

Apple is reportedly in advanced talks to acquire chipmaker Intel Corp’s smartphone-modem chip business. Late last year, Apple acquired 300 engineers and facilities from Dialog Semiconductor PLC in a $600 million deal after the tech giant began started developing the battery-management chips Dialog had supplied.

CHIPS 40

CHIPS Acquirers Settlement Technology 40

PYMNTS

AUGUST 3, 2016

3) that it has completed the first-ever deployment of its Quick Chip solution meant to cut down on EMV processing and certification time. Ericksen said that, while New Leaf is the first commercial deployment of Quick Chip, there are others waiting in the wings. Visa announced on Wednesday (Aug.

CHIPS 56

CHIPS EMV Transactions Process 56

Payments Source

APRIL 3, 2018

KFC is finally converting its point of sale terminals to accept EMV chip cards, opting for a semi-integrated system to accept all payment types.

Chip Cards 60

Chip Cards CHIPS EMV Payments 60

Payments Source

JUNE 23, 2016

Discover is offering its version of Quick Chip for merchants to speed up the EMV chip card checkout process at the point of sale.

CHIPS 60

CHIPS EMV Chip Cards Process 60

PYMNTS

OCTOBER 3, 2018

NXP Semiconductors in late September introduced its latest NTAG DNA tag chip, providing privacy-enabled, multi-layered security for NFC and IoT authentication applications.

CHIPS 54

CHIPS Privacy Authentication Data Breach 54

Finextra

APRIL 22, 2024

EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.

Contactless Payments 130

Contactless Payments CHIPS Payments Regulations 130

CB Insights

AUGUST 29, 2017

Stories about Moore’s Law slowing have grown common, but analysts affirm that the latest crop of chips (specifically Intel’s newest 10-nanometer technology) prove Moore’s Law is still alive and well. Over 79 deals went to IoT companies — which is to be expected, given their relevance to embedded computing with small chips.

CHIPS 78

CHIPS AI Laws Acquirers 78

Payments Source

AUGUST 21, 2016

The promise of faster EMV technology is a welcome reprieve for many ISOs who have grown weary of listening to merchants gripe about the snail's pace of chip card transactions. That reprieve, however, may not be so quick in coming.

CHIPS 72

CHIPS EMV Chip Cards ISOs 72

PYMNTS

JULY 16, 2018

According to Bloomberg , Rabii previously worked at Google , where he led the team in charge of building chips for devices such as the Pixel smartphone’s custom Visual Core chip. Google has been developing additional chips for its future devices, including the new Pixel phones with upgraded cameras and an edge-to-edge screen.

CHIPS 41

CHIPS Processors AI Technology 41

PYMNTS

JUNE 8, 2016

Just how well is the chip card migration going? chip rollout is already having an impact on counterfeit fraud, the number one cause of in-store payment fraud today.” 2015, an average of 23,000 new merchants are becoming chip-enabled weekly. 2015, an average of 23,000 new merchants are becoming chip-enabled weekly.

Chip Cards 43

Chip Cards CHIPS EMV Volume 43