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.
How are Interchange Fees Calculated?
Stax
MARCH 13, 2025
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.
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Wells Fargo Launches Contactless Credit, Debit Cards
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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WaveCrest adds EMV for prepaid debit cards
Payments Source
OCTOBER 30, 2017
Certain prepaid debit card issuers who didn’t initially adopt EMV technology — because of a lower perceived security threat for these limited-use cards — are now going the EMV route.
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Will EMV Have a Smoother Ride on ATMs, Despite Staggered Destinations?
Payments Source
OCTOBER 10, 2016
ATM operators have been down this road before, dealing with Mastercard's rules on EMV transactions occurring with the international Maestro debit cards as far back as 2013. But awareness and experience doesn't automatically translate to preparation.
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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. million merchants now accept chip cards, which is an increase of 692 percent since the beginning of EMV migration, and almost 70 percent of storefronts in the United States now accept chip cards.
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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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88 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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The Most Common Types of Contactless Payment Methods and How They Work
Stax
MARCH 6, 2025
Card emulation. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. Use case: Customers with mobile wallets like Apple Pay, Google Pay, or Samsung Pay can tap their NFC-enabled device on a terminal to pay as if using a physical card.
Everything You Need to Know About Credit Card Processing
Stax
NOVEMBER 14, 2024
Interchange rates vary based on the type of card you are running. The more expensive it is for the credit card company to maintain the card–rewards, cashback, perks–the more expensive the interchange. In other words, debit cards are more economical while business credit cards are typically the most expensive.
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88 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. Visa said Monday (Nov. The firm also said that there are 1.7 million chip-active locations across the country.
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Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale
Stax
MARCH 4, 2025
Heres what companies need to know about credit card integrations and how they can handle payments. TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Need to integrate payments?
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Venice goes live with contactless payments across its fleet of water buses, trams, ferries and more
NFCW
JULY 3, 2024
OPEN PAYMENT: Venice public transport users can use contactless cards to pay for their fares Visitors to Venice can now use a contactless debit or credit card to pay for fares on any of the city’s public transportation services, including water buses, speedboats, motorboats, ferries, buses and trams.
The Straight Scoop On EMV: One Year Later
PYMNTS
SEPTEMBER 30, 2016
EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. The walk to the liability shift in this market last October was technically four years long, but in reality, EMV didn’t become an absolute certainty until Dec. But it’s not just EMV. EMV is not only for the big guys.
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Hacked ATMs Lead to 70% Rise in Debit Card Fraud
FICO
MARCH 29, 2017
That means we’ll continue to see compromises - and card fraud - rise. I’ve been asked whether EMV transition is playing a role here. As ATMs aren’t yet required to be chip-card enabled, the EMV adoption that came into force last year isn’t driving fraud down yet. I think it is, but not the role you’d expect.
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What Is Debit Card Processing & How Does It Work?
Payment Savvy
JULY 3, 2024
Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.
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How One Small Business Saved $10,000 a Year on Payment Processing
Clearly Payments
MARCH 4, 2025
Whether you run a retail store, an e-commerce business, or a service-based company, the costs of accepting credit and debit cards add up quickly. Lowering Cost with EMV Transactions One of the most effective ways to lower payment processing costs is by using EMV chip and PIN transactions. Here’s how they did it.
Visa FTC response aims to calm merchant frustration on debit routing
Payments Source
NOVEMBER 22, 2016
has clarified its position on EMV debit card routing to address growing concern among merchants that the card brand's rules were forcing those transactions onto the Visa network rather than allowing merchants to choose among less expensive options.
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Digital Security 2016: At The Crossroads Of Biometrics, EMV And Mobility?
PYMNTS
OCTOBER 26, 2016
As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. Not just for mobile devices but for payments and commerce.”.
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Panic at the Checkout: Will EMV Friction Boost Mobile Payments?
FICO
MARCH 7, 2016
Will problems using EMV terminals drive consumers to ApplePay and others? Those numbers are pretty good, but nothing like the 141 million-plus EMV cards that Visa now has in circulation in the US, alone. People will rush to mobile payments because they’re uncomfortable with using their new EMV cards.
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EMV Debit Barely Making a Mark Despite Issuer Surge
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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MMBL Rolls Out EMV Debit Cards, ICICI Bank Partners With Westpac For Remittances
PYMNTS
JULY 10, 2018
Coverage includes Mobilink Microfinance Bank (MMBL) launching EMV-compliant cards in Pakistan. In Pakistan, MMBL is rolling out EMV-compliant debit cards through TPS ’ IRIS payment platform, according to an announcement from TPS. Welcome to The Axis, your late look at payments news from around the world.
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Key Differences of Payments for Small Businesses vs. Enterprises
Clearly Payments
MARCH 31, 2025
81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. Require higher security standards, including EMV , PCI compliance , and encryption measures. Debit and credit card acceptance stands at 89%. In the U.S., of total sales still being cash-based.
Frustrated Merchants Seek Federal Intervention on Debit Routing
Payments Source
MAY 26, 2016
Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.
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A Midwestern bank works to differentiate its EMV cards
Payments Source
DECEMBER 26, 2016
payment card market prompted many issuers to keep things simple by sticking with contact-only chip cards when they finally moved to support EMV, but now certain issuers are taking a new tack by adding Near Field Communication technology to their chip-enabled cards. The large scale of the U.S.
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WaveCrest launches EMV-enabled US prepaid debit cards
The Paypers
OCTOBER 30, 2017
(The Paypers) WaveCrest , a digital payment solutions provider, has announced that it has added EMV security to its US-issued prepaid debit cards.
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How Acculynk won First Data's attention by separating from the pack
Payments Source
MARCH 21, 2017
When most of the payments industry was working to find a way to accommodate the Durbin amendment's routing rules for EMV debit cards, First Data acquisition target Acculynk had its attention focused elsewhere.
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All You Need to Know About Internet Credit Card Payment Processing
Stax
MARCH 5, 2025
How Can Internet Card Payment Processing Help My Business? From accepting credit cards and debit cards online to setting up your customized web store, there are various eCommerce solutions that can assist when in-person payments arent an option. But what’s the difference between these two? How do they work together?
Identifying What’s Next In Digital Identity
PYMNTS
OCTOBER 25, 2016
If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He said that biometrics could have the potential to remove the need for usernames and passwords, much the way EMV is intended to eliminate the need for cardholders to enter debit card PINs.
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Visa Chip Cards Reduced Counterfeit Fraud By 87 Pct
PYMNTS
SEPTEMBER 4, 2019
“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. The number of active Visa chip cards is up significantly: from 159 million in September of 2015 to 521 million in June of this year. In fact, 99 percent of all U.S.
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FICO’s Take On Debit Security
PYMNTS
JANUARY 30, 2020
This payment rail’s use is going strong in the United States, with debit card penetration reaching 78 percent in 2018. Consumers also show continued interest in debit even as they adopt newer payment instruments, and a 2019 report found that 61 percent of mobile wallet users linked debit cards.
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POS provider Lavu join forces with PayPal
Payments Dive
FEBRUARY 23, 2016
PayPal will bring payment processing of EMV or traditional swipe credit and debit card payments to restaurants, bars, food trucks, and other food and beverage businesses nationwide.
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60 Merchants empowered by Fed's clarity on debit routing
Payments Source
NOVEMBER 16, 2016
Merchants may have gained an edge in their dispute with Visa over how EMV debit transaction routing is handled at the point of sale.
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Instant Issuance, Instant Benefits?
PYMNTS
SEPTEMBER 13, 2016
Along with that growth in card numbers, said the firm, purchase transactions and volumes are also on the upswing. million EMV-enabled payment cards issued across the platform in the U.S. states and 700 branches, sought to enhance customer experience with an instant issuance solution and also needed EMV capability.
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Visa Adjusts Policies On Debit Routing
PYMNTS
NOVEMBER 23, 2016
22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. Those modifications, the card giant said, come on the heels of guidance that has been issued by the Federal Reserve. Visa said Tuesday (Nov.
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How to Find the Right Credit Card Terminal for Your Business
Stax
JANUARY 5, 2024
TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions. Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.
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88 As ATM Fraud Jumps, We Need ATM Profiling
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. Debit-card compromises at ATMs located on bank property in U.S.
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PYMNTS’ Data Dive: Strange Bedfellows Edition — Card Networks, EMV And Retail
PYMNTS
JUNE 19, 2016
On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. Home Depot – Another EMV Lawsuit Joins The Party . Because in the U.S. There is money on the table.
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Credit card fraud reduction via EMV is the top payment issue for 2016
The Paypers
AUGUST 15, 2016
(The Paypers) Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.
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Uh-Oh, Primark Find Card Skimmers In US Locations
PYMNTS
NOVEMBER 1, 2016
Primark, a European clothing dealer, has reported that credit card skimming equipment was found on “a limited number of card payment machines” in two of its U.S. Simple card skimmers do not work on EMV chip cards, but as of yet, it is unknown what type of skimming devices were used.
Visa On How To Make Plastic Cards Sustainable
PYMNTS
JUNE 19, 2020
In an interview with Karen Webster, Douglas Sabo , global head of corporate responsibility and sustainability for the payments giant, said the cards reduce first-use plastic, are EMV compliant and can handle contactless payments. Of the material itself, he pointed out that “this is not ‘scrapped’ [plastic].
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Fast EMV, Mobile Starbucks And Under-Fire Payday Lending
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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Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
PYMNTS
FEBRUARY 23, 2018
million merchant locations now accept chip cards, covering 59 percent of the merchant population. That latest tally also includes December of last year and represents a jump of 579 percent over the beginning of the migration to EMV chip card adoption in the United States. Debit cards numbered 272.7
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The Most Popular Credit Card Machines in Canada
Clearly Payments
MARCH 28, 2024
It supports a wide range of payment options, including NFC/contactless, EMV chip, and magstripe. It accepts all major credit and debit cards, including tap, chip, and swipe payments. Additionally, it comes equipped with a range of connectivity options, including Wi-Fi, Bluetooth, and 4G.
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