Remove CHIPS Remove Contactless Payments Remove Payment Security
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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work

Stax

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

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Do Contactless Payments Pose a Greater Fraud Risk?

FICO

As new countries such as those in the Nordics embrace contactless payments, people are asking about the impact on fraud. The good news is that contactless doesn’t appear to increase fraud. First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market.

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Payments 2016: The Year Of The Chip

PYMNTS

We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments,more broadly? Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

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What Will the Payments Market Look Like Now Apple has Released its NFC Tech to the World?

The Fintech Times

For four years, Apple has been making its case to the EU that it is not monopolising the payments and technology markets by restricting who can use its tech. In order not to face heavy fines, Apple has allowed its rivals access to its tap-and-go payments technology through its NFC chip, free of charge.

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SUNRATE Offers Apple Pay Functionality for Credit Card Customers

The Fintech Times

SUNRATE , a Singapore-based payment and treasury management platform, is bringing Apple Pay to its customers, offering a safer, more secure and private way to pay, and using the iPhone’s power to protect each transaction. Now, SUNRATE customers can use an iPhone or Apple Watch at payment terminals to make contactless payments.

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Visa Signs Off On Optional Signatures For EMV Merchants In North America

PYMNTS

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. That shift, for contact or contactless payments, goes into effect April 2018. Those investments and focus, the company said, will help “define the future of payments security.”.

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Understanding the Payment Terminal: Integrated vs. Semi-Integrated vs. Non-Integrated Payment Terminals

Stax

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. There are a variety of payment terminal brands on the market, but the place to start is by looking at the payment terminals your payment processing provider supports. What is a Semi-Integrated Terminal?