PYMNTS

SEPTEMBER 30, 2016

That was the date that lives on in payments history since it was the date that Target announced it had been the victim of a massive POS breach that exposed the card data of some 40 million consumers. Not surprising, since there are more than 700 million chip cards in circulation in the U.S. Those are the more cheerful figures.

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PYMNTS

JUNE 19, 2016

Last month, Last month, Walmart filed a lawsuit in New York alleging that Visa prohibits Walmart from insisting that its customers use a PIN when paying with a chip-enabled debit card at checkout. and Canada affected 56 million debit and credit cards, far more than the attack on Target customers.

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PYMNTS

AUGUST 5, 2016

Consumers always have their debit card handy and and can provide that number to a sender – knowing that if something goes wrong they are protected. So, we all know this – chip cards were not going to fix the problem of fraud at the POS. This is a sizzle for everyone since it removes a ton of friction.

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Fintech Labs Insights

OCTOBER 16, 2016

In a new partnership , Jack Henry & Associates has integrated with Visa to allow customers to send P2P payments directly to a recipient’s Visa debit card. For more expensive purchases, Vodafone Pay users can use their Vodafone wallet (launched in 2013), which requires a PIN.

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PYMNTS

MAY 23, 2016

And while the merchants in on the deal all agreed that they didn’t like interchange, it wasn’t a case where every one was necessarily ready to join hands and work together to fight the card brands as a common enemy. Karen Webster wrote in her noteworthy MCX Fairy Tale piece in Sept. That was the gist of a letter Sen.

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