Payments Source

NOVEMBER 11, 2020

EMVCo, the major card brand-supported venture to establish EMV guidelines and specifications, has begun testing a program to determine if consumer mobile devices can securely accept contactless payments — a move that not only hastens the adoption of contactless payments, but renews criticism over which networks control technology and routing decisions. (..)

EMV 127

EMV Contactless Payments Security Consumer 127

The Nilson Report

JUNE 18, 2024

The post Fime and ITC Test Local EMV L3 Payment Terminal in Bangladesh. appeared first on Nilson Report.

EMV 52

EMV Payments Posting 52

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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EMV Visa Chip Cards CHIPS 93

The Paypers

OCTOBER 17, 2024

Fime has announced that it is offering testing services aligned with the new EMV®* C-8 Contactless Kernel Specification**.

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EMV Regs 36

Payments Dive

JUNE 14, 2019

The new EMV Secure Remote Commerce specifications may provide a solution to a longstanding problem with ecommerce checkout creating friction for consumers and being vulnerable to fraud.

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EMV Security Consumer 149

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

MAY 4, 2020

gas station EMV compliance, but that’s just one of a mounting set of challenges petroleum merchants are facing because of the coronavirus. Visa’s the first card company to push back the October deadline for U.S.

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EMV Push-to-Card Compliance Rules 118

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

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.

Chip Cards 104

Chip Cards EMV CHIPS 104

Fintech Finance

APRIL 30, 2024

Fime has advanced its collaboration with imark to provide local EMV®* Level 3 test services in Nepal. The post Fime and imark Enhance Nepal’s Financial Ecosystem With EMV® L3 Testing appeared first on Fintech Finance. This latest partnership extends the international reach of Fime’s Level 3 services.

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EMV Consulting Compromise Issuers 52

PYMNTS

AUGUST 13, 2020

PAAY has rolled out a partner platform to let merchants and payment providers implement and track EMV 3DS, a standard that aims to help prevent unauthorized card-not-present (CNP) transactions, throughout different merchant accounts. seconds on average through EMV 3DS.

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EMV Technology Authentication Visa 99

Payments Source

NOVEMBER 6, 2020

But with the deadline fast approaching and no further extensions on the horizon, focusing squarely on accelerating EMV compliance is now the optimal decision for gas station owners, says Paysafe's Lori Griboski.

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EMV Compliance Risk Process 96

Payments Source

MAY 5, 2020

American Express will delay the EMV fraud liability shift due to complications from the coronavirus, following reports that Visa has made a similar concession.

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EMV Rules 88

Payments Source

JULY 9, 2020

To ensure safe, secure transactions that are protected against fraud, retailers moving to EMV have been encouraged by their POS partners to replace or upgrade the network infrastructure, says TNS' Brian DuCharme.

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EMV Transactions Security Process 84

Payments Source

JANUARY 12, 2020

After getting a reprieve from a 2017 deadline, gas stations now have less than a year to upgrade to EMV security at the pump — and the card brands aren't showing signs that they will be willing to postpone this mandate another time.

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EMV Security Rules Mobile Payments 83

Payments Source

APRIL 23, 2020

While an EMV transit system is a form of account-based ticketing (ABT), this assimilation is problematic, says OSPT's Jean-Philippe Wolyniec.

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EMV Accounts Process Digital Payments 87

Payments Source

FEBRUARY 22, 2019

Fuel payment options in the trucking industry have long relied on private-label cards from giants like Comdata and WEX, but a new challenger called Gas Pos is hoping to break in by capitalizing on new payments technology and the looming gas-station EMV migration.

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EMV Technology Payments 83

The Nilson Report

FEBRUARY 23, 2024

The post RevSpring Announces Credit Card EMV Device Integration with Epic appeared first on Nilson Report.

Credit Cards 40

Credit Cards EMV Posting 40

Payments Source

OCTOBER 6, 2016

As more merchants worry about EMV card slowdowns ahead of the holiday shopping season—when bottlenecks at checkout points could lead to many lost sales—more companies are coming up with their own ways to slash EMV payment times.

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EMV Payments Acquirers Process 119

Payments Source

APRIL 22, 2020

There is no denying that the upgrade to EMV will reduce certain types of fraud by noticeable amounts, but there should be no illusion that this is a “silver bullet” to a growing fraud trend, says The ai Corporation's James Crawshaw.

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EMV Innovation AI Payments 95

The Nilson Report

FEBRUARY 29, 2024

The post EMVCo and FIDO Alliance Provide White Paper on Use of Fido with EMV 3DS appeared first on Nilson Report.

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EMV Posting 52

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 Dive

MAY 29, 2018

New foodservice technologies — including self-order kiosks, mobile ordering and EMV-enabled payment systems — are being introduced at a rapid pace. Operators with existing POS investments need to be able to integrate new capabilities into their existing systems.

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EMV Technology Payments 104

Payments Source

FEBRUARY 25, 2020

Royal Dutch Shell often sets the tone for industry movements in technology, including the EMV conversion, which faces an Oct. Because of its large U.S. network of about 14,000 fuel stations in the U.S., 1 liability shift.

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EMV Technology Process Payments 71

The Paypers

JANUARY 13, 2023

Global technical body EMVCo has announced the launch of EMV Secure Remote Commerce (SRC) Specifications to offer more flexible online checkout options.

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EMV Security 41

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. EMV Cards’ Checkered Reputation In The US. EMV cards store payment data within integrated circuit chips rather than magnetic stripes. EMV Cards Face Verification Hurdles.

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EMV Verification Chip Cards CHIPS 52

Payments Source

OCTOBER 20, 2016

While card issuers took a step in the right direction by replacing the fraud-prone magnetic stripe cards of the past, they made many missteps that complicated and weakened the EMV transition.

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EMV Card Issuer Issuers ISOs 112

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. businesses began migrating to EMV, when 392,000 merchants had such acceptance in place. By way of contrast, EMV chips create one-time codes for transactions.

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EMV Chip Cards Continuity CHIPS 79

Payments Source

NOVEMBER 14, 2016

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

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EMV Security Chip Cards CHIPS 114

The Paypers

JULY 21, 2023

Fintech Fime has announced EMVCo qualification to support 3DS Directory Server (DS) and Software Development Kit (SDK) testing in line with the latest EMV 3DS specs.

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EMV FinTech 36

Payments Dive

MARCH 23, 2018

The future state of self-service is turning the kiosk into a stand-alone store, and secure payment is one of the services that needs to be offered for it to be effective, says Ingenico's John Menzel, who recently shared his insights on EMV compliance in self-service.

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EMV Compliance Security Payments 100

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 CHIPS Credit Cards 100

Payments Source

APRIL 11, 2018

That weakness is the magnetic strip that still exists on all EMV cards, according to Nathan Horn-Mitchem, senior vice president and chief information security officer at Provident Bank. But resourceful crooks will relentlessly probe systems, processes, and people until they find a weakness or an opportunity.

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EMV ATM Security Process 86

PYMNTS

OCTOBER 19, 2018

To open its EMV® Secure Remote Commerce (SRC) specification for public comment for a 45-day period, secure payments enabler EMVCo has issued a draft version of the specification called version 0.9. The news comes a few months after EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform in August.

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EMV Security Card Issuer Issuers 70

Payments Source

SEPTEMBER 6, 2019

counterfeit card losses have plummeted in the past four years, a signal the challenging EMV migration has made a dent.

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EMV Fraud Prevention Payments 73

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

Payments Source

SEPTEMBER 13, 2016

Nearly a year after the October 2015 liability shift, a mere 17% to 37% of all US merchants have adopted EMV POS terminals.

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EMV Acquirers Risk 144