Payments Source

AUGUST 16, 2018

Square improves chip payment time; Ant pursues emerging markets in Africa; Pabst Blue Ribbon intros a card; CBA pushes small biz payments. The information you need to start your day, from PaymentsSource and around the Web.

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Push-to-Card CHIPS Payments 64

PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

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Debit Card Contactless Payments EMV ATM 83

PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Card.

Credit Cards 81

Credit Cards Push-to-Card Visa CHIPS 81

PYMNTS

OCTOBER 22, 2020

s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. also known as “3DS 2.0” or “EMV 3DS”) has been a rocky road.

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

PYMNTS

JUNE 16, 2016

Earlier today Visa announced a handful of new moves aimed at pushing EMV chip adoption among merchants. We’ve taken steps to simplify the process as much as possible and help reduce any challenges so merchants can move forward with chip adoption quickly.”. Pleased, but apparently also looking to push it over the finish line.

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PYMNTS

JULY 19, 2017

Masterpass QR, launched in 2016, already enables brick-and-mortar shoppers to pay for their purchases using their mobile phones rather than a plastic card: They can simply scan the QR code displayed at the merchant’s point of sale, or enter a text code if their phone doesn’t have a camera. EMVCo is pushing for its adoption on a global scale.

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Visa CHIPS Chip Cards EMV 59

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

The Payments Association

NOVEMBER 19, 2024

In today’s competitive landscape, implementing a card product can be a powerful addition for businesses looking to enhance customer loyalty, streamline expenses, or broaden their financial offerings. Designing and launching a debit or credit card product requires navigating a complex web of stakeholders and intricate processes.

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Product Push-to-Card Card Issuer Issuers 88

PYMNTS

JULY 20, 2019

The big-picture project, as explained by Musk last week, is the ability to implant tiny Bluetooth-enabled chips into the human brain (up to 10 at a time) connected to 1,000 wires measuring one-tenth the width of a human hair. The chip(s) connect by Bluetooth to a small computer worn over the human ear, where it transmits its data.

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CHIPS Privacy Wires Wire 71

PYMNTS

OCTOBER 26, 2018

To push that goal, Mastercard — in partnership with the world’s three largest card manufacturers, Gemalto , Giesecke & Devrient and IDEMIA — has officially launched the Greener Payments Partnership to establish environmental best practices and reduce first-use PVC plastic in card manufacturing.

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Visa Push-to-Card Best Practices Credit Cards 75

PYMNTS

MARCH 25, 2019

And so a tech giant gets into the credit card game. And not just any tech giant – it’s Apple, the company whose payment services were touted (by at least some) as a credit card killer. News came Monday (March 25) that Apple – specifically, through its payments service Apple Pay – has launched the Apple Care credit card.

Credit Cards 65

Credit Cards Push-to-Card Visa CHIPS 65

PYMNTS

AUGUST 6, 2019

As Apple makes a broader push to expand its services business, the technology company has invited certain customers to apply for the Apple Card. The card is in partnership with Goldman Sachs , and Apple CEO Tim Cook said during the company’s third quarter earnings call that it would be released in August, CNBC reported.

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Push-to-Card Agreements CHIPS Digital Currency 62

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. 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. However, the U.S.

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Contactless Payments Chip Cards EMV Card Issuer 56

Stax

OCTOBER 21, 2024

Accepting credit card payments at your business is a surefire way of increasing customer satisfaction and retention. Over 80% of American adults owned at least one credit card in 2023. Also, credit cards contributed to 27% of the spending at point-of-sale (POS) systems worldwide. Don’t believe it? Why does this matter to you?

Credit Cards 88

Credit Cards Process Processors Processing Costs 88

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Most modern card readers and payment terminals are NFC-equipped.

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

PYMNTS

MARCH 13, 2020

That’s why Mastercard has been working with public agencies for the last decade-and-a-half via its “marquee” Direct Express platform, which allows public institutions to push funds to citizens via a prepaid solution. We’ve known for more than 10 years that there are issues with mailing checks, which is why we’ve seen over 4.5

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Checks Push-to-Card Visa Payments 75

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

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Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

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EMV Visa Chip Cards VARS 45

PYMNTS

JUNE 17, 2016

Today, there are 300 million chip cards in circulation and 1.2 It’s also the first to say that there could and should be more places for consumers to use their chip cards. The Big EMV Software Certification Push. Visa is the first to admit that a lot of progress has been made in the U.S.

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EMV CHIPS Chip Cards VARS 50

PYMNTS

JULY 17, 2019

Beyond the technological advances, of course, China’s push toward a digital economy comes as the government has also digitalized the national ID card, which must be wielded by every citizen over the age of 16. Those cards are used for everything from transactions to getting tickets on mass transit.

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Verification Cross-Border Push-to-Card Online and Mobile Banking 74

PYMNTS

MAY 22, 2019

That means riders can use any Visa credential – whether it’s a Visa contactless card , mobile device or wearable – to pay for rides (along with other retail purchases, of course). In reality, and for the time being, this effort is about contactless cards more than other payment forms, but the impact could still be significant.

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Contactless Payments Push-to-Card Payments EMV 68

Stax

JANUARY 31, 2024

If your company accepts credit card payments ( which it should ), chances are, you’re going to be affected by Visa’s interchange rates. cards currently in use. So it’s virtually impossible for a business to not accept Visa cards. TL;DR Interchange rates are the fees charged by credit card networks.

Credit Cards 88

Credit Cards Push-to-Card Processors Transactions 88

PYMNTS

APRIL 9, 2018

Apple’s New Chip Groove. Last week’s reports suggest that Apple will soon wave goodbye to its long-term chipmaker, Intel, in favor of making its own chips for Mac computers. The announcement that Apple was considering going its own way, chip wise, was enough to send Intel shares tumbling 6.1 In bloom this week….

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CHIPS Push-to-Card Debit Card Cash Management 56

PYMNTS

MAY 4, 2017

So any experience that extends the line – like waiting around for the EMV chip for an extra few seconds – has costs,” noted Marc Freed-Finnegan, co-founder and CEO, retail software provider Index. Some of EMV’s speed issues were addressed in a remarkable way last summer when Visa released its Quick Chip solution.

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EMV Push-to-Card CHIPS Transactions 63

PYMNTS

JUNE 6, 2016

The merchant-card network relationship can be complicated. 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. . Ericksen also added that because the U.S.

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EMV CHIPS Chip Cards Issuers 43

PYMNTS

AUGUST 15, 2018

Today’s coverage includes news about faster chip card transactions, along with brightening prospects for retail and technology in the U.S. can now process chip cards in just two seconds on Square Reader , for contactless and chip, and Square Register. Square Makes EMV Transactions Faster In The US.

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EMV Chip Cards Cross-Border Payments CHIPS 40

PYMNTS

JUNE 18, 2019

The card network announced that its AI-based Visa Advanced Authorization (VAA) security product has helped issuers prevent an estimated $25 billion in annual fraud. Cybercrime is both pervasive and expensive, as modern problems go. According to reports , citing the University of Maryland, there is an attempted hack every 39 seconds.

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AI Push-to-Card Authentication Authorization 71

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 trade group wants unified card security standards in the U.S., EMV cards and other anti-fraud measures have had a major impact on fraud behavior.

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EMV Data Breach Chip Cards Push-to-Card 54

Neopay

OCTOBER 22, 2024

The report notes a 19% increase in unauthorised card fraud, with over 1.5 This type of fraud typically involves stolen card details being used for purchases, and the increase suggests that criminals are finding new ways to bypass existing security measures. Fraud remains one of the biggest challenges facing the UK’s financial sector.

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Finance Fraud Prevention Push-to-Card Audit 59

PYMNTS

NOVEMBER 23, 2018

Another term to know is “carding” — that’s the catch-all world criminals use for crimes that involve stolen payment card data , Rogers explained. In short, financial institutions that set up what amounts to an early warning system for Dark Web activity can find value in that. Dark Web Terms. Early Warning Value. Enough of the basics.

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Account Takeovers Push-to-Card Issuers Credit Cards 73

PYMNTS

FEBRUARY 23, 2016

retailers are able to process chip-card transactions. retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct.

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EMV CHIPS Chip Cards Push-to-Card 41

PYMNTS

MAY 2, 2019

Beyond the headline numbers, the company showed continued traction with larger sellers across its traditional point-of-sale (POS) products, and in newer offerings spanning debit cards and lending. year over year, spanning peer-to-peer (P2P), Cash Card and Cash for Business transactions. 11, better than the expected $.08.

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Volume Debit Card Point-of-Sale (POS) Push-to-Card 56

PYMNTS

MARCH 18, 2016

The initial push by payments firm Square into Australia hit a rough patch after the security of its mPOS reader was scrutinized, as noted by The Australian. Though the device, designed for use in the United States, accepts chip cards, it was not set up with a PIN pad.

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PYMNTS

JANUARY 19, 2021

Studies showed that many consumers in the United States have begun tapping their debit cards more often for payments, for example, with one report finding that debit use rose about 6 percent year over year. consumers now count themselves as “ debit-centric ” users, a sizable jump over the 33 percent who said the same about credit cards.

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Debit Card Online and Mobile Banking Push-to-Card P2P 62

PYMNTS

AUGUST 26, 2016

The FeliCa chip comes recommended for its speed and relative flexibility. The FeliCa chip comes recommended for its speed and relative flexibility. A coming iPhone upgrade will make this possible by playing a FeliCa chip into the phone, thus making it capable of interacting with the system. million payment terminals nationwide.

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Push-to-Card CHIPS Credit Cards Payment Networks 40

PYMNTS

DECEMBER 13, 2016

Since EMV launched and chip technology has made it harder to defraud card-present transactions, fraudsters are moving over into card-not-present transactions. We have over 10 years of experience in providing our omnichannel services to over 100+ eCommerce clients,” said Michael Graff, risk and analytics manager at Radial. “We’ve

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Cross-Border Push-to-Card EMV CHIPS 59

CB Insights

AUGUST 2, 2018

One of the biggest trends in fintech today is the rise of digital banking products like mobile checking accounts and new debit cards. From Square to Paypal, a host of fintechs are creating products that let consumers spend money directly out of digital accounts using a physical card. turning Digital p2p payments into debit cards.

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Debit Card Checks Accounts FinTech 71