Payments Source

APRIL 6, 2016

recently established a 12-year lifecycle for EMV chips in payment cards, and CPI Card Group is among the first card manufacturers to enact the new policy, eliminating the need for issuers to get EMV chips in Visa cards approved every three years.

EMV 67

EMV CHIPS Issuers Payments 67

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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EMV Chip Cards CHIPS Issuers 78

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. In terms of geographies, India saw “sustained growth” in card shipments as a transition to EMV takes place. The news comes as the shift to EMV in the U.S. The news comes as the shift to EMV in the U.S. In addition, demand in South Asia “continued to surge ahead.”

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Chip Cards CHIPS EMV Contactless Payments 44

Payments Source

APRIL 21, 2016

Issuers still have a choice of whether to require PIN authentication for EMV-chip cards, but David Nelms, chairman and CEO of Discover Financial Services, says the chip-and-PIN path increasingly makes the most sense for U.S. payment cards going forward.

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EMV Authentication Chip Cards CHIPS 60

PYMNTS

JUNE 16, 2016

Earlier today Visa announced a handful of new moves aimed at pushing EMV chip adoption among merchants. Taken together, Visa believes the changes will help cut the EMV adoption timeline in half. According to Visa, there are at present 300 million chips card in circulation in the U.S. million merchant locations.

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CHIPS EMV VARS Acquirers 41

PYMNTS

JUNE 17, 2016

EMV migration over the last seven months. Today, there are 300 million chip cards in circulation and 1.2 million EMV merchant locations. It’s also the first to say that there could and should be more places for consumers to use their chip cards. Visa’s Quick Path To EMV. Changing Chargeback Economics.

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EMV CHIPS Chip Cards VARS 50

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

MAY 26, 2016

EMV adoption rate by merchants and issuers. Million | The number of chip-active merchant locations as of April 30, 2016. 121 | The percentage increase in EMV-enabled merchant locations since the Oct. Million | The number of chip-active merchant locations as of April 30, 2016. 1 deadline. 1 deadline.

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CHIPS Chip Cards EMV Visa 46

Payments Source

SEPTEMBER 6, 2016

As the payments industry progresses through the first stage (POS terminals) of the EMV liability shift and gets closer to the second stage (ATMs), a lingering question that can be asked is, why would any card issuer not want to get certified for EMV?

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Chip Cards CHIPS Card Issuer EMV 76

PYMNTS

JUNE 6, 2016

It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa.

EMV 43

EMV CHIPS Chip Cards Issuers 43

PYMNTS

DECEMBER 23, 2016

Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. With the EMV liability shift taking effect in October 2015, the part of the merchant community in the United States that hadn’t migrated to EMV saw chargebacks for counterfeit card fraud skyrocket.

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CHIPS EMV Payments Contactless Payments 53

PYMNTS

JUNE 23, 2016

American Express has announced changes to its EMV chargeback policy in order to ease the transition as merchants migrate their POS systems to be EMV-compliant. We recognize the migration to EMV in the U.S. To give merchants more time to become EMV-compliant, these changes will remain in effect until April 2018.

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EMV Chip Cards CHIPS Disputes 45

PYMNTS

AUGUST 3, 2016

consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. 1, 2015 EMV liability shift. million chip-active merchant locations, which make up approximately 30 percent of the total merchant population in the U.S. dollars has dropped by over 60 percent.

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EMV Visa CHIPS Chip Cards 43

Payments Source

AUGUST 9, 2016

Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.

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Issuers EMV Debit Card CHIPS 79

PYMNTS

OCTOBER 16, 2018

16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The Guardian reported that Worldpay said it was the first time it has seen contactless payments surpass chip and pin. Worldpay, the payment technology company, announced Tuesday (Oct.

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Contactless Payments CHIPS Payments Debit Card 73

Payments Source

JANUARY 31, 2017

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.

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Issuers Chip Cards Contactless Payments EMV 60

PYMNTS

OCTOBER 22, 2020

or “EMV 3DS”) has been a rocky road. The EMV 3DS is uniquely qualified to help merchants keep their chargeback rates down,” McCutcheon said. Is (And Isn’t) Like Putting EMV Into Place . When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. also known as “3DS 2.0” Why 3DS 2.0

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EMV CHIPS Point-of-Sale (POS) Push-to-Card 88

PYMNTS

JUNE 20, 2016

It’s been a tough road on the way to EMV terminal deployment here in the U.S. To that end, MasterCard is announcing today that it is reducing the volume of tests that it requires of terminals before bringing them into the field as certified to enable chip card payments.

EMV 45

EMV Visa Chip Cards VARS 45

FICO

APRIL 3, 2018

While adoption of the EMV payment standard in the US (as embodied in chip cards and panic at the checkout ) has been slow, fraudsters’ gravitation to card not present (CNP) fraud has been anything but. Two and a half years after the liability shift from issuers to merchants (i.e., Customer satisfaction is key.

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Fraud Detection EMV Issuers Chip Cards 85

Payments Source

NOVEMBER 29, 2017

payments consultancy FIME has added Discover's payment application specification (D-PAS) accreditation to the Pulse ATM network, allowing it to provide guidance and support services on EMV chip technology for acquirers and issuers unfamiliar with D-PAS.

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ATM Accreditation EMV CHIPS 62

The Payments Association

OCTOBER 4, 2024

Traditional card issuers and networks must adapt or risk obsolescence. Additionally, many card networks and issuers are built on legacy systems, some of which are decades old and woven into the fabric of the core technology estate.

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Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

Fintech Labs Insights

JULY 21, 2015

Last week I received new credit cards from US Bank and Capital One, both containing microchips to support EMV terminals, the global standard finally rolling out in the United States over the next few years. Given the world’s obsession with tech, it’s a good time for issuers to toot their own horns a bit.

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CHIPS EMV Bank Card Chip Cards 26

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. But EMV chip cards are more secure than magnetic stripe transactions, and newer versions of contactless cards use EMV.

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Contactless Payments Chip Cards EMV Card Issuer 56

PYMNTS

OCTOBER 27, 2016

The industry’s best defense against counterfeit fraud are EMV cards and the terminals needed to read their chips,” David Robertson, publisher of The Nilson Report, said in a press release. EMV has been steadily penetrating dozens of countries, but in the U.S., percent in 2015, outpacing the growing global card volume.

EMV 75

EMV Card Issuer Issuers Volume 75

PYMNTS

APRIL 25, 2016

Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. EMV’s Second Phase. Or, at least, some of them must.

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EMV CFPB Online and Mobile Banking CHIPS 40

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

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EMV Authentication Card Issuer Issuers 40

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. The heightened risk to merchants and issuers is being keenly felt – someone pays when cybercrooks succeed, and it’s often the retailer. It’s not all good news.

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EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

APRIL 28, 2016

The shift to EMV in the U.S. billion chip cards were supplied — of which, 570 million were shipped to the U.S., These figures demonstrate how EMV is now a truly global, established, secure and interoperable infrastructure. With EMV adoption powering ahead in the U.S., Last year alone, over 2.06

EMV 41

EMV CHIPS Chip Cards Contactless Payments 41

PYMNTS

OCTOBER 18, 2018

Issuers, merchants and cardholders will benefit from this change as faster, safer options improve satisfaction and increase sales.”. As of the middle of April, Mastercard issuers globally will no longer be required to include a signature panel on the back of their card products. “We merchants and acceptance for Mastercard.

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Visa Contactless Payments Authentication EMV 87

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction. Interacting With The Cardmember.

Fraud Detection 78

Fraud Detection Online and Mobile Banking Scams Issuers 78

Fintech Labs Insights

SEPTEMBER 28, 2015

This week’s EMV “liability shift” in the United States is expected to be a boon for mobile payments. Not only are we undergoing a massive expansion in number of NFC-enabled terminals, the more time-consuming “chip dip” makes Apple or Android Pay measurably faster than plastic.

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EMV Mobile Payments Credit Union Push-to-Card 29

PYMNTS

MAY 1, 2018

Mastercard also said that simplifying the registration process will help speed adoption of biometrics by issuers and consumers alike. In addition, the solution is a cost-effective way for issuers to deliver biometric cards at scale without requiring additional infrastructure in branches.

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Enrollments Visa EMV Issuers 47

PYMNTS

NOVEMBER 14, 2018

The firm described the contactless checkout experience as “simple and secure,” in part due to secure EMV chip technology, and one where tap and pay takes place at readers bearing the “contactless symbol” – and Chase said transactions would be done “often with no signature required.” 1 card issuer in the U.S. – Chase – the No.1

Credit Cards 57

Credit Cards NOV Contactless Payments Card Issuer 57

FICO

OCTOBER 12, 2016

As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. This one issuer alone was able to avert a loss of nearly $400,000 loss during these four days!

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ATM EMV Issuers Debit Card 64

PYMNTS

NOVEMBER 30, 2018

It’s not as prevalent in the United States, however, as many card issuers don’t give customers the contactless option. Nicola Masters, director of The Grand Appeal, said that because contactless transactions overtook chip and PIN payments in the U.K., This could change soon, though, according to Daniel Sanford, a senior VP at Visa. “We

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Contactless Payments Chip Cards CHIPS Card Issuer 59

PYMNTS

JULY 21, 2017

Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well. Europe may offer a tell on the fraud to come.

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Chip Cards EMV CHIPS Issuers 46

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Almost ten years later, the US tried the technology, and it was four years after that when all EMV cards became NFC-equipped. It’s universally compatible Unlike the chip card and magnetic stripe, NFC technology is standardized.

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Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88