Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Apple Pay caught up in 2014; in 2015, the wearables market made everyone aware of the tap’s potential. In 2015, many merchants switched to NFC-enabled terminals; by 2019, most banks were issuing contactless cards.

Contactless Payments 88

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

PYMNTS

AUGUST 3, 2016

consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. 1, 2015 EMV liability shift. million chip-active merchant locations, which make up approximately 30 percent of the total merchant population in the U.S.

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PYMNTS

MARCH 29, 2016

According to Rurik Bradbury, VP, Identity Solutions at TransUnion, as more stores start accepting chip-enabled cards, the spike in online fraud has been remarkable – as in remarkably bad. . In an effort to refine the digital identification process, a growing number of providers are turning toward new and innovative authentication solutions.

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PYMNTS

DECEMBER 28, 2016

While the EMV liability shift took place in October 2015, many of the effects of that shift were felt throughout 2016. At the transaction level, consumers began to feel like they were more protected from fraud with the introduction of the EMV chip card. Worst of Times. But with the good comes the bad.

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EMV Chip Cards CHIPS Payments 46

Fintech News

JANUARY 18, 2024

These solutions support blue-chip brands by providing more financing options for SMEs in their supply chains. By 2015, PayTM expanded its services to include mobile recharges, gas, electricity, and water bill payments. It also ventured into travel ticket facilities, with 20 lakh monthly ticket bookings.

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APACS Finance Cross-Border Ubiquitous 122

PYMNTS

SEPTEMBER 6, 2019

Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Chip cards are now accepted at more than 3.7 million merchants, whereas in September of 2015 that number was only 392,000. That’s an 825 percent increase. Regulators Taking Close Look At Payroll-Advance Apps. Fun, Cool and Otherwise Interesting.

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Cross-Border Cross-Border Payments Innovation Online and Mobile Banking 46

PYMNTS

SEPTEMBER 30, 2019

These authentication checks must be quick, though, as customers, especially younger ones, have come to expect seamless transactions and fast delivery. Consignment site Luxury Garage Sale also puts products through a very intensive authentication process. Items that don’t pass muster don’t make it onto the site.

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Fintech Finance

FEBRUARY 26, 2024

Mobile wallets are also gaining ground, particularly with younger shoppers, while Chip and PIN and cash are the preferences for purchases over £100. A win for Chip and PIN When it comes to buying items over £100, pre-contactless technologies remain the most popular way to pay. Across the population as a whole, a record 93.4

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Contactless Payments CHIPS Mobile Payments Transactions 52

PYMNTS

MAY 16, 2016

But things heated up last week when Walmart sued Visa over EMV and chips without PINs. Signature is] worthless as a form of authentication,” said Cook. At issue is the fact that Visa currently prohibits Walmart from insisting its customers use a PIN when paying with a chip-embedded card. Banks Under Siege.

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FICO

MARCH 8, 2017

In 2015, the year in which an astounding 112 million patient records were stolen , employee negligence was the number-one security issue. Here’s a typical cheer : "Retail leaders should implement biometric authentication as an alternative to the EMV and other bankcards. Identity should be tied to a person — not a card.

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Encryption EMV Authentication Data Encryption 40

FICO

MARCH 8, 2017

In 2015, the year in which an astounding 112 million patient records were stolen , employee negligence was the number-one security issue. Here’s a typical cheer : "Retail leaders should implement biometric authentication as an alternative to the EMV and other bankcards. Identity should be tied to a person — not a card.

Encryption 40

Encryption EMV Authentication Data Encryption 40

CB Insights

MARCH 19, 2019

Google started the trend when it open-sourced its TensorFlow machine learning library in 2015, and major tech players followed suit. NVIDIA, Apple, and a number of emerging startups are focused on building chips exclusively for AI workloads at the edge.” The need for real-time decision making is pushing AI closer to “ the edge.”

AI 78

AI Research Enrollments Cybersecurity 78

Stax

NOVEMBER 6, 2023

Request Quote Upgrade Your Legacy Equipment for Mobile Payments The world’s foremost mobile phone manufacturers, Apple and Samsung started to foster the use of mobile payments as early as 2014 and 2015, respectively. Users also have added security layers like biometrics or passcodes for authentication.

Mobile Payments 88

Mobile Payments Online and Mobile Banking Debit Card Payments 88

CB Insights

APRIL 26, 2018

Baidu, Alibaba, and Tencent have participated in 39 equity deals into startups building AI software and AI chips since 2014. Baidu backed AI companies in 11 different categories, including news & media, healthcare, AI chips, and advertising. It is no surprise that auto tech is a common area of interest for all 3 investors.

AI 63

AI Research Governance Government 63

PYMNTS

SEPTEMBER 6, 2018

Vending machine commerce — or its reasonable facsimile — is also bringing more than chips, cookies and candies to employee break rooms. Lee Mokri, who founded the California-based startup in 2015 along with his wife, Megan Mokri, noted that this solution could be more than a boost to employees, but also to employers.

Digital Payments 43

Digital Payments Payments Credit Cards Debit Card 43

PYMNTS

JUNE 3, 2016

To adapt, let alone thrive, businesses with store locations must embrace EMV, the latest in payments security and authentication, especially considering the retailers themselves have taken on more responsibility for fraud after 2015’s liability shift. The challenge for the last year has just been educating our customer base.

EMV 40

EMV CHIPS Point-of-Sale (POS) Security 40

PYMNTS

MARCH 10, 2016

Early Warning , a real-time payments, authentication and risk mitigation solutions provider, announced Wednesday (March 9) that Bank of America is now live in processing real-time P2P transactions through Early Warning’s clearXchange network. Early Warning Boosts Big Banks’ P2P Power.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

JULY 17, 2018

in October of 2015), the incidences of counterfeit card fraud at chip-enabled merchants have fallen sharply — some 76 percent, as reported by card networks. Since the migration to EMV in the largest card market in the world (the U.S. Once cards became significantly harder to clone, fraudsters took their bag of bad tricks online.

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Law Enforcement Laws Visa Push-to-Card 43

PYMNTS

AUGUST 5, 2016

Aside from a few complaints from those with glasses who needed a little extra help getting it to work exactly as advertised, consumers seem to feel as though it is a much more reliable and safer way to authenticate themselves via the mobile phone. So, we all know this – chip cards were not going to fix the problem of fraud at the POS.

Bitcoin 43

Bitcoin Multi-Currency Push-to-Card Chip Cards 43

CB Insights

JANUARY 8, 2019

Apple moved chipmaking in-house and its new A12 chip is focused on running AI applications. In 2015, Apple launched ResearchKit as a tool to let medical researchers conduct studies using the iPhone. Apple’s new in-house A12 bionic chip is specifically designed to power artificial intelligence functions. ResearchKit.

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Payment APIs and Integration Research Participant Use Case 78

Fintech Labs Insights

AUGUST 12, 2016

TechCrunch recently reported that in 2015 and the first half of 2016, fintech accounted for 21% of all VC funding in Southeast Asia. billion in 2015 , triple what European fintech firms received during the same period. “An Interview with the Inventor of the Credit Card Chip Reader” – The New Yorker.

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FinTech Visa PayPal Blockchain 17

Fintech Labs Insights

MAY 5, 2016

But there may be no better metaphor for the changing landscape of fintech than the fact that “Billpay,” one of the larger themes of 2015, is out and “Blockchain” is in. Chip Shield. Advisor Software. BaseVenture. brandCrowder. Envestnet | Yodlee. Finova Financial. Fintonic.

Blockchain 14

Blockchain CHIPS Digital Currency Advisors 14

PYMNTS

DECEMBER 23, 2016

Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip. With the EMV liability shift taking effect in October 2015, the part of the merchant community in the United States that hadn’t migrated to EMV saw chargebacks for counterfeit card fraud skyrocket.

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CHIPS EMV Payments Contactless Payments 53

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. Chip cards have been heralded for their improved functionality and security, but they have still failed to address critical authentication problems, leaving retailers to bear the brunt of these vulnerabilities.

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EMV Verification Chip Cards CHIPS 52

CB Insights

AUGUST 25, 2017

Other potential applications include using blockchain to provide massive scale data authentication: for example, using its blockchain-enabled KSI (Keyless Signature Infrastructure), cybersecurity startup Guardtime tags and verifies data transactions for cryptographic assurance of their integrity and authenticity.

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Blockchain Law Enforcement Bitcoin Transactions 78

CB Insights

FEBRUARY 27, 2018

Italian-French luxury label Moncler, for example, outfits its products with RFID chips (shown left) that customers can authenticate via an app or website — creating a tangible way to distinguish Moncler goods from knock-offs. Brands like Benetton and Salvatore Ferragamo have pursued similar programs.).

AI 78

AI On-Demand Blockchain Automation 78

PYMNTS

JUNE 27, 2016

People who haven’t tried Apple Pay say they’re satisfied with what they’re using today – which in the day and age of EMV chip cards and dipping and waiting, is, frankly, surprising. Provided, of course, they use the Safari browser and have their iPhones handy so that with Touch ID they can authenticate themselves.

EMV 66

EMV Online and Mobile Banking Checks Consumer 66

PYMNTS

MARCH 30, 2016

As more stores start enforcing the use of chip-enabled cards, he said, the spike in online fraud has been remarkable. “T T hat’s the seismic aftershock effect of that October (2015) rule change,” he said. And, he added, the chip cards are “prohibitively expensive” for card companies to both produce and replace old cards with.

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Consumer EMV Security CHIPS 44