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

AUGUST 14, 2020

Selling an EMV 3DS (also referred to as 3DS 2.0) When PAAY , a software-as-a-service company that protects merchants from fraud and increases authorization rates first started offering EMV 3DS, it had to do a lot in educating potential clients in the face of many saying: “We don’t want to hear about this.” Mendlowitz expects the E.U.

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EMV Push-to-Card Issuers Authorization 117

Payments Source

NOVEMBER 3, 2016

Issuers are watching the consumer response to Citi’s rollout of its cobranded Costco card, which is the largest U.S. portfolio of EMV cards that are also NFC-enabled.

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Issuers EMV Consumer Credit Cards 100

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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EMV Chip Cards CHIPS Security 99

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

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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Debit Card EMV Card Issuer Issuers 60

PYMNTS

SEPTEMBER 22, 2020

But if the man called his card issuer and pretended the order was never his and that his card had been misused fraudulently, he wouldn’t owe the fee. Get too many chargebacks in a month, and merchants quickly find they’re treated “quite poorly” by acquirers and issuers until they get chargeback ratios under control, he said.

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EMV Issuers CHIPS Card Issuer 86

The Paypers

AUGUST 16, 2021

US-based technical body EMVCo has published EMV 3-D Secure UI/UX Design Guidelines to help card issuers, banks, merchants and solution providers optimise the EMV 3DS payment authentication experience for ecommerce consumers.

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EMV Card Issuer Security Issuers 41

PYMNTS

JUNE 7, 2019

On Friday (June 7), EMVCo released its long anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0. Another way to put it is that new EMV specification promises to enable many more seamless retail transactions. In August of last year, EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform.

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EMV Card Issuer Issuers Security 58

The Paypers

OCTOBER 29, 2020

EMVCo has published a white paper which provides guidance to merchants, card issuers, acquirers and processors on how FIDO Authentication Data can be used in EMV 3-D Secure (3DS).

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EMV Issuers Authentication Card Issuer 28

Payments Dive

MAY 16, 2017

Recognizing merchants have encountered difficulty integrating EMV compliant payment equipment, credit card issuers have postponed chargebacks for fraudulent purchases on non-compliant equipment. Compliance, however, will benefit all parties by reducing credit card fraud.

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EMV Card Issuer Credit Cards Issuers 60

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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EMV Chip Cards CHIPS Issuers 60

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.

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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

Payments Source

JUNE 30, 2019

Most large banks have declared their strategies for adopting contactless cards, but the rank and file of FIS’ midsize and smaller issuers are still weighing their options about when to flip the switch.

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Issuers Contactless Payments EMV Payments 94

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 17, 2016

EMV migration over the last seven months. million EMV merchant locations. Terminal certification has, so far, been a big barrier to making that possible, and the hue and cry across the ecosystem over the EMV certification backlog has now reached a fever pitch. Visa’s Quick Path To EMV. Changing Chargeback Economics.

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EMV CHIPS Chip Cards VARS 50

PYMNTS

NOVEMBER 22, 2019

This is where the new EMV 3-D Secure specifications (sometimes referred to as 3DS 2.0) Just as important, it enables 10x more contextual data than the previous version of 3-D Secure to be shared between merchants and issuers in real-time so issuers can use the information to authenticate customers more accurately without introducing friction.

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Issuers Fraud Prevention Credential Security 62

Payments Source

AUGUST 23, 2016

There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season.

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EMV Issuers Technology Risk Acquirers 64

PYMNTS

OCTOBER 23, 2018

23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. In a press release, Visa said the draft EMV SRC specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point of sale, resulting in a consistent, convenient and secure way to pay.

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EMV Continuity Security Interoperability 49

PYMNTS

OCTOBER 22, 2018

22) on why it supports EMVCo’s release of the EMV Secure Remote Commerce Specification draft , which is now available for public review and comment. “The investments that we have made in technology and security, including EMV SRC , will help deliver what merchants and their customers are looking for.

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EMV Visa Security Credential 54

PYMNTS

FEBRUARY 7, 2017

EMV is nowhere near finished, a year and a half after the much-heralded liability shift in the U.S. This is the percentage of all Merchant Link orders that are for EMV terminals — a transition, said Carcillo, that “has really taken off in the market segments we serve, in retail and hospitality.”. Data Point Number One: 82 Percent.

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EMV Contactless Payments Gateways Push-to-Card 57

The Paypers

OCTOBER 6, 2021

US-based technical body EMVCo has enhanced the EMV 3-D Secure (3DS) specifications to improve fraud fighting capabilities for issuers, acquirers and merchants.

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EMV Security Authentication Issuers 28

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.

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EMV CHIPS Chip Cards Issuers 43

Payments Source

JUNE 8, 2018

Only the collective efforts of cardholders, issuers, merchants and acquirers will significantly impact payment fraud, writes Stephanie Ericksen, vice president of identity and risk products for Visa.

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EMV Issuers Acquirers Risk 99

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

1, 2015 EMV liability shift. Mastercard has helped over 150 countries adopt EMV, and time and again, we’ve seen the same result: significant reductions in counterfeit card fraud,” Chiro Aikat, SVP of product delivery for EMV at Mastercard, said in a press release. Today, Mastercard announced that 80 percent of its U.S.

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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

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

JUNE 20, 2016

It’s been a tough road on the way to EMV terminal deployment here in the U.S. In addition, MasterCard will modify its chargeback policy to limit the number of chargebacks that issuers can shift to each merchant, with no difference between card-present fraud or card-not-present fraud in terms of liability protections.

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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

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 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. Finally, Visa is modifying its policies to limit the number of transactions issuers can charge back to merchants (and their acquirers).

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CHIPS EMV VARS Acquirers 41

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. The Issuer Side Of The (Sustainable) Equation.

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EMV Issuers Financial Inclusion Contactless Payments 110

Fi911

JULY 19, 2024

Chargebacks can be costly for both merchants and card issuers, so having a standardized set of reason codes helps in efficient handling and resolution of these disputes. EMV Liability Shift Counterfeit Fraud 10.2: EMV Liability Shift Non-Counterfeit Fraud 10.3: Other Fraud: Card-Present Environment / Condition 10.4:

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Disputes Duplicate Non-Bank Authorization 88

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

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