How EMV has grown beyond the chip on a card
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.
EMV deadline nears for gas stations, but many won't make it
Payments Source
MARCH 15, 2021
After postponing enforcement for years, the card brands are implementing an EMV liability shift at fuel stations, which still struggle to make the upgrades necessary for chip-card acceptance.
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The U.S. edges out Western Europe for second most EMV chip cards deployed
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.
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EMV at One Year: Did We Do the Right Thing?
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: What You Need to Know About PIN or Signature Cards and How They Work
Stax
MARCH 14, 2024
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. What Types of EMV Chip Cards Are There?
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EMV boosts security, but biometrics secure card identity
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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Potential delays aside, gas EMV is coming. And it's expensive.
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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Why Do Merchants Want Shoppers to Swipe EMV Cards?
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 ‘Quick Chip’ Gets a Chance to Sway Merchants
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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80 EMV Leaves a Poor Taste with More Restaurateurs
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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EMV Group Rebrands to Go Beyond Chip Cards
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.
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EMV Can Also Benefit Health Care Payments
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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Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct
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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Oberthur Tackles EMV Shortage, Security Concerns
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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Merchants in Legal Hot Water After EMV Shift
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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102 Did EMV 'Quick Chip' Arrive Too Late for Merchants?
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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As Fraudsters Target Hotel and Food Chains, EMV Pressure Mounts
Payments Source
FEBRUARY 29, 2016
migration to EMV chip cards has been rough, according to U.K.-based based Creditcall, which hopes its new certification from First Data can smooth things out.
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Gas EMV can't be just about chip cards
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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EMV Gives Retailers a False Sense of Security
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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94 EMV nearing half of all card payments worldwide
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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97 Data: What EMV overlooked
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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Mastercard Says Fraud Costs Dropped 54% Since (EMV) October 2015
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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Visa to Make Chip Payments Feel as Fast as Swipes
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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Mastercard extends EMV deadline at gas pumps, adds fraud protection
Payments Source
MAY 18, 2020
In line with the other major card brands, Mastercard is extending its EMV liability shift at gas pumps to April 2021. It is also launching a data-driven fraud protection tool for fuel merchants who have not completed their upgrade to chip-card EMV pumps.
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Why Many Restaurants Won’t Move on EMV—Yet
Payments Source
OCTOBER 6, 2016
For many restaurants that put originally put EMV on the back burner because of technical complexities and a lower general risk of counterfeit card fraud, waiting to support chip cards has proven to be the right decision.
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Visa: EMV Rollout Continues; Counterfeit Fraud Down 76 Pct.
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 Credit Card Adoption Edges Higher: MasterCard
Payments Source
APRIL 1, 2016
issued MasterCard consumer credit cards are now chip-enabled and the number of merchants accepting EMV transactions continues to climb, MasterCard said March 31. More than two-thirds of all U.S.-issued
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Visa Chip Cards Reduced Counterfeit Fraud By 87 Pct
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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78 KFC switches on EMV chip cards with Ingenico tech
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.
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60 October Visa Data Shows Rise In EMV-Enabled Merchants
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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One Year In, Removing The Masking Tape From EMV
PYMNTS
SEPTEMBER 19, 2016
As the payments industry nears the one-year anniversary of the United States’ transition to EMV, of course, it’s an opportune time to take stock of progress and what remains to be done. And that, he added, shows that merchants may have an EMV-capable PIN pad or reader but are not ready to deploy their countertop terminal in full EMV mode.
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As coronavirus keeps millions at home, do gas pumps still need EMV this year?
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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90 Collect For Stripe Enables Retailers To Accept Both Swipe, EMV Chip Payments
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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Chipping Away at EMV's Pain Points, MasterCard Trims Payment Times
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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Visa Partners with 'Gen Y' Advocate to Mark One-Year EMV Anniversary
Payments Source
SEPTEMBER 27, 2016
is trying a new gambit offset consumers' irritation with hassles surrounding the messy EMV chip-card migration—it's introducing a winsome young woman to console the masses.
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It Is Possible for Merchants to Accelerate Chip Card Acceptance
Payments Source
JUNE 15, 2016
Despite some early success, it can’t be ignored that there are still many merchants that cannot accept EMV chip cards.
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Merchants Will Be Cool to the Networks' Faster EMV Alternatives
Payments Source
JUNE 14, 2016
Merchants and cardholders alike have been challenged by the perceived additional time to complete the EMV transaction. These concerns pushed both Visa and MasterCard to create a response to improve the speed of transacting: Visa's Quick Chip and MasterCard's M/Chip Fast.
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81 US Consumers Want More Secure Commerce at the Pump I EMV Chip Cards I Pay-at-the-pump I Mobile Payments I Gas Stations
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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76 EMV's Prepaid Problem: Issuers Aren't Interested in the Security
Payments Source
SEPTEMBER 13, 2016
New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.
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76 Have patience. EMV's bumpy merchant migration is worth it.
Payments Source
OCTOBER 25, 2016
A lack of education has slowed consumer and merchant use of chip cards. But the cards will make payments safer.
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PYMNTS Daily Data Dive: EMV A Resounding Success, Says Mastercard
PYMNTS
SEPTEMBER 13, 2016
EMV adoption is well on its way one year after the introduction of chip-enabled cards, and more adopters will jump on for the ride following Mastercard’s press release on Sept. Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards.
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Chip-Reader Lawsuit Proceeds Against Card Companies
PYMNTS
OCTOBER 5, 2016
It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Florida-based B&R Supermarket Inc. Florida-based B&R Supermarket Inc. 1, 2015.
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How EMV May Be Impeding Newer Technologies
Payments Source
JUNE 20, 2016
One of the supposed perks of EMV chip-card upgrades was that the process would enable more modern payment options such as mobile wallets. In practice, however, EMV is closing as many doors as it opens.
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The chip card migration needs more speed and consistency
Payments Source
NOVEMBER 20, 2016
The EMV migration has been sluggish, but it's a vital part of protecting cardholders.
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