Payments Source

APRIL 9, 2020

With the EMV liability shift date for automated fuel dispensers (AFD) looming, subject to any last-minute changes, we are seeing major changes at fuel sites across the USA. With close to 150,000 active fuel sites in the US alone, there are a huge number of individual pumps that will need to be upgraded to accept chip and PIN cards.

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EMV CHIPS Automation ISOs 118

Payments Source

AUGUST 3, 2016

Visa announced Quick Chip four months ago, but until today the card brand has not had a place to showcase its faster EMV technology to merchants who feel burdened by the EMV payment process.

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EMV CHIPS Process Technology 80

Payments Source

SEPTEMBER 12, 2018

EMV coverage has gaping holes—including smaller financial institutions that haven’t fully converted to EMV and millions of merchant locations still not accepting chip cards.

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EMV Chip Cards CHIPS Rules 83

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.

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CHIPS EMV Chip Cards ISOs 72

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.

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CHIPS EMV Chip Cards Process 60

PYMNTS

MAY 30, 2019

Visa said this week that as acceptance of EMV cards has gained traction in the U.S., EMV” is shorthand for Europay, Mastercard and Visa chip cards. million merchant locations now accept chip cards, which represents a 771 percent boost since U.S. storefronts now accept chip cards, according to the data.

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EMV Chip Cards Continuity CHIPS 79

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

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Chip Cards CHIPS EMV Debit Card 78

Payments Source

APRIL 21, 2020

The coronavirus pandemic has added a troubling twist to the already difficult process of converting fuel pumps to accept EMV chip cards and communicate with the stations' point-of-sale terminals.

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EMV Chip Cards CHIPS Process 90

Payments Source

AUGUST 4, 2016

If new research from NCR about a flaw in chip cards proves to be reproducible by fraudsters, it may undermine the core benefit of EMV security.

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Chip Cards CHIPS EMV Security 60

Payments Dive

DECEMBER 2, 2019

With the October 2020 deadline for all pay-at-the-pump terminals to accept EMV chip cards looming, US gas stations are faced with a strategic revenue opportunity. Download this infographic from TNS which explores the results of a survey highlighting consumer willingness to embrace value added services at the pump.

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Chip Cards CHIPS EMV Value Added Service 99

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 More than 3.1

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EMV Chip Cards CHIPS Credit Cards 100

Clearly Payments

OCTOBER 1, 2024

Contactless payments can carry higher interchange fees compared to traditional card-present transactions like inserting a card into a chip reader. Although swiping was once the most common method for in-person payments, it has become less popular with the advent of chip-and-PIN and contactless technology.

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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

Payments Source

AUGUST 12, 2020

The complexity of the migration is an opportunity to examine other elements of the payment experience, says TNS' Brian DuCharme.

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Chip Cards CHIPS EMV Payments 115

Payments Source

NOVEMBER 14, 2016

There are security gaps in chip cards that are vulnerable to new types of skimming. Biometrics can help solve this problem, and will also prove handy as EMV cards migrate to smartphones.

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EMV Security Chip Cards CHIPS 114

Payments Source

OCTOBER 2, 2016

EMV chip cards have delivered on their promise to halt counterfeit fraud at the physical point of sale. But for a technology developed long before the invention of e-commerce, mobile wallets and the word "omnichannel," delivering on its promise still feels like falling short.

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EMV Chip Cards CHIPS Technology 140

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.

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CHIPS EMV Crime Credit Cards 52

Stax

NOVEMBER 14, 2024

EMV Smart Terminal Physical credit card processing terminals are great for businesses with brick-and-mortar locations to take in-person payments in-store. An important thing to remember is to make sure whatever machine you decide to purchase comes with full EMV and NFC technology enabled.

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Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

JANUARY 8, 2020

Credit card payments are increasingly enabled via EMV chips rather than magnetic stripes, but these methods frequently suffer from a lack of diligent digital identity verification. EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

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EMV Chip Cards Verification CHIPS 67

Payments Source

MARCH 17, 2016

Consumers who have been issued EMV chip cards know how to use them. So it might come as a surprise when merchants equipped with chip card readers instruct their customers to swipe their cards instead.

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EMV Chip Cards CHIPS Consumer 110

Payments Source

NOVEMBER 1, 2019

The complexities of converting fuel pumps' hardware and software to accept EMV chip cards was such that the card brands gave pump manufacturers and gas stations an extra five years to comply. Now one year is left — and those complexities haven't diminished.

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EMV Chip Cards CHIPS Rules 63

Payments Source

DECEMBER 14, 2016

The percentage of EMV transactions in the United States is miniscule compared to other parts of the world, but the migration to chip cards in the U.S. is lifting the technology's global growth — now at 42.4% of all card transactions.

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Payments Source

AUGUST 9, 2016

Card manufacturer Oberthur Technologies is offering issuers facing a shortage of EMV chip cards an option to receive as many as 25,000 in five days, rather than waiting the standard three to four weeks.

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EMV Chip Cards CHIPS Security 99

PYMNTS

DECEMBER 15, 2016

Collect for Stripe, a new app built by entrepreneur and developer Logan Thompson, was launched this week, enabling Stripe users to accept both swipe and EMV chip payments at brick-and-mortar locations using a tablet or mobile device.

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EMV CHIPS Payments Small Business 70

Payments Source

APRIL 13, 2016

migration to EMV chip technology – intended to reduce card fraud, provide global interoperability, and enable safer payment transactions – may prove to be a valuable move for more than just the payments industry.

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EMV Interoperability CHIPS Payments 106

Payments Source

FEBRUARY 28, 2016

EMV liability shift for counterfeit card fraud went into effect, most restaurants aren't processing chip cards, and that's not changing anytime soon, according to a top executive at Heartland Payment Systems. Five months after the U.S.

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Payments Source

APRIL 6, 2016

Some retailers falsely think that if they are using EMV chip credit cards that they have eliminated any chance of security breaches at the register since the EMV approach is stronger than conventional credit cards.

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EMV Security CHIPS Credit Cards 94

Payments Source

OCTOBER 16, 2018

Shell has launched a new mobile app called Pay & Save, designed as a frictionless complement to the EMV-chip cards it must accept at its pumps by late 2020.

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EMV Chip Cards CHIPS Rules 76

Payments Source

JUNE 5, 2017

By the end of last year, the number of EMV chip cards in global circulation had increased by 1.3 billion, according to EMV standards body EMVCo. billion from 2015 to a total of 6.1

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Chip Cards CHIPS EMV 60

Payments Source

JULY 5, 2016

Merchants are facing consumer lawsuits stemming from the introduction of EMV-chip card security at the point of sale in the U.S., exposing the issues many stores must contend with now that they are held liable for fraud and chargebacks.

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EMV Legal Chip Cards CHIPS 102

PYMNTS

SEPTEMBER 13, 2016

One year into the shift to chip-enabled cards — for the U.S., based consumer credit cards are chip cards, a tally that represents a 105 percent boost in chip card adoption since the liability shift took root on Oct. that is — Mastercard said on Monday (Sept. 1 of last year.

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EMV Visa Chip Cards CHIPS 92

Payments Source

OCTOBER 26, 2017

EMV liability shift, chip cards are commonplace in American wallets. But the benefits of EMV cards — a longer five-year lifespan and a reduced need to reissue in the event of fraud — have muted the demand for new cards. Now two years on from the U.S.

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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.

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CHIPS Chip Cards EMV Transactions 94

PYMNTS

NOVEMBER 22, 2016

21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. million chip-active locations across the country. The total volume of chip-on-chip transactions across the U.S.,

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EMV CHIPS Debit Card NOV 80

Payments Source

MAY 29, 2018

A direct correlation between the chip migration and rampant merchant data breaches is hard to prove. But experts say retailers' prioritization of EMV compliance contributed to other payment card security gaps, leading to the current high level of merchant data breaches.

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Payments Source

APRIL 26, 2016

The hurdles to broader EMV adoption in the U.S. have many causes, but to the consumer the end result is typically the same: A longer payment process with no immediate gain.

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EMV CHIPS Visa Payments 77

Payments Source

SEPTEMBER 12, 2017

While the EMV fraud liability shift for most companies passed nearly two years ago, there are still pockets of stores that haven't switched over — and they can be particularly prone to the kind of fraud chip cards are designed to thwart.

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