PYMNTS

JUNE 8, 2016

Just how well is the chip card migration going? chip rollout is already having an impact on counterfeit fraud, the number one cause of in-store payment fraud today.” 2015, an average of 23,000 new merchants are becoming chip-enabled weekly. The chip card transaction volume in the U.S.

Chip Cards 43

Chip Cards CHIPS EMV Volume 43

PYMNTS

MAY 30, 2019

The latest stats show that the continued upgrade to chip card acceptance – which began in 2015 – has led to a decrease in counterfeit fraud dollars on the order of 76 percent, as measured in December of 2018 vs. September of 2015. EMV” is shorthand for Europay, Mastercard and Visa chip cards.

EMV 79

EMV Chip Cards Continuity CHIPS 79

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. While shipment volumes in China and the United States “continue to normalize,” contactless payment cards are more than 70 percent of shipments in “a growing number of territories,” the association said in an announcement. marking a twofold increase over 2014.

Chip Cards 44

Chip Cards CHIPS EMV Contactless Payments 44

PYMNTS

JUNE 8, 2016

The latest chip card data from Visa is in. What these figures show, as of the end of April, is how well the migration to chip cards in the U.S. On the merchant side, Visa’s latest data shows that, since October 2015, an average of 23,000 new merchants are becoming chip-enabled weekly.

Chip Cards 40

Chip Cards CHIPS Volume Transactions 40

PYMNTS

JUNE 24, 2016

Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 That brings the total at the end of 2015 to 4.8 EMVCo has also provided updates about EMV chip-based transaction volumes. percent of card-present payments.

Chip Cards 41

Chip Cards CHIPS EMV Interoperability 41

Stax

NOVEMBER 14, 2024

This means you’ll be able to accept chip cards as well as contactless payment methods like contactless cards and digital wallets like Google Pay or Apple Pay. EMV Compliance Most businesses are aware by now that EMV is the chip card technology that has been rolling out across the USA over the past few years.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Payment APIs and Integration 88

PYMNTS

SEPTEMBER 13, 2016

Mastercard reports that banks, consumers and merchants are all experiencing a positive impact and a drop in fraud from the use of chip cards. consumer credit cards are now chip cards, a 105 percent increase since Oct. Of the 2 million merchants who are chip-enabled, 1.3

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EMV Visa Chip Cards CHIPS 70

Payments Source

JANUARY 5, 2017

Prior to the October 2015 EMV chip-card liability shift in the U.S., various merchant groups expressed concerns about factors that would keep them from meeting that deadline — some of which remain beyond their control.

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EMV Chip Cards CHIPS Rules 68

PYMNTS

MAY 26, 2016

-issued, MasterCard-branded chip-enabled consumer credit cards. 39 | The percentage by which counterfeit card fraud basis points at EMV-enabled merchants dropped between January 2015 and January 2016. 27 | The percentage by which counterfeit fraud decreased in January 2106, compared to January 2105.

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CHIPS Chip Cards EMV Visa 46

The Paypers

AUGUST 5, 2016

(The Paypers) Mastercard has announced that 80% of its US consumer credit cards have chips, representing an 88% increase in chip card adoption since 2015.

Chip Cards 31

Chip Cards CHIPS Credit Cards Consumer 31

Payments Source

AUGUST 2, 2017

As a large furniture retailer in South Florida, City Furniture had to decide whether to move quickly to upgrade terminals and avoid the October 2015 EMV chip card liability shift, or stay on track with a process it was already engaged in for a mobile point of sale system in its showrooms.

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EMV Chip Cards CHIPS Process 61

PYMNTS

FEBRUARY 23, 2018

23) that counterfeit fraud, as measured in dollars, dropped 70 percent in December 2017 compared to September of 2015. million merchant locations now accept chip cards, covering 59 percent of the merchant population. By way of contrast, in September 2015, the number of merchants accepting those cards stood at roughly 392,000.

CHIPS 46

CHIPS Chip Cards EMV Debit Card 46

PYMNTS

MAY 22, 2018

Visa announced that the growing number of chip cards and chip-enabled merchants has helped bring counterfeit fraud in the U.S. payments industry to begin the shift to EMV chip cards in 2011,” the company wrote in a press release. payment volume in March was on EMV cards. down by 76 percent. at the time.”.

CHIPS 53

CHIPS Chip Cards EMV Volume 53

PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., That is up from 25 million units in 2015.

Contactless Payments 76

Contactless Payments Debit Card Chip Cards Credit Cards 76

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. merchants who decide not to, or are unable to accept EMV cards), most consumers have “embraced the chip.”

Fraud Detection 85

Fraud Detection EMV Issuers Chip Cards 85

PYMNTS

MAY 18, 2020

The New York payment network giant said fraud was up 17 percent at gas pumps through the end of last year through its Europay, Mastercard and Visa ( EMV ) credit card terminals that allow chip cards and smart cards.

Visa 78

Visa EMV Security Chip Cards 78

PYMNTS

NOVEMBER 22, 2016

The company also said the Verifone Engage family of devices are now available to small and medium business across Germany via InterCard, a network service provider which Verifone bought in 2015. Verifone’s V200c accepts all payment types, including NFC/contactless , mobile wallets, mobile pay and EMV chip cards.

Chip Cards 69

Chip Cards Contactless Payments EMV CHIPS 69

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.

EMV 46

EMV Chip Cards CHIPS Payments 46

PYMNTS

JANUARY 24, 2019

million payment cards, Giorgio said. The contactless card opportunity for community banks stems from the expiration of first-generation EMV chip cards, she told Webster. In fact, in 2015, ICBA Bancard provided more than $800,000 in financial assistance to help its community bank clients prepare for first-gen EMV.

Community Banks 62

Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

JUNE 20, 2016

The move has been complicated by the combination of most merchants getting a very late start to the EMV process – the Target breach was what many merchants considered their official starting line despite announcements by the card networks years earlier – and a complicated certification process that’s been tough for some merchants to navigate.

EMV 45

EMV Visa Chip Cards VARS 45

FICO

MARCH 29, 2017

The number of hacked card readers at U.S. This new data follows a 546 percent increase in compromised ATMs from 2014 to 2015. The rest took place at bank ATMs or point-of-sale (POS) devices, such as card payment machines at retailers. The average number of cards affected by a single compromise was cut in half.

ATM 72

ATM Debit Card Compromise Point-of-Sale (POS) 72

PYMNTS

SEPTEMBER 4, 2018

merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards — another point in favor of plastic payment cards. Visa said that, as of its latest “Visa Chip Card Update,” as many as 67 percent of storefronts in the United States now accept chip cards.

Chip Cards 44

Chip Cards CHIPS Push-to-Card Payments 44

PYMNTS

DECEMBER 23, 2016

Credit and debit card payments are continuing to increase in terms of usage, with the Federal Reserve finding credit and debit card payments accounted for more than two-thirds of all noncash payments in the U.S. from 2012 to 2015. percent by value from 2012 to 2015. billion in 2015 with a value of $2.56

Debit Card 40

Debit Card Federal Reserve Chip Cards CHIPS 40

PYMNTS

SEPTEMBER 26, 2018

percent seen in 2015. One factor that comes into play when viewing the relatively lower rates of PCI compliance in the Americas is the fact that in the later region, EMV chip card payments are a relatively recent phenomenon. The headline numbers: 52.5 That latest tally is down from 55.4 percent in the Americas.

PCI DSS 53

PCI DSS Compliance Chip Cards EMV 53

PYMNTS

SEPTEMBER 25, 2017

million | Number of merchant locations that accept EMV chip cards as of June, according to Visa. storefronts that accept chip cards as a payment method since 2015. 6.2 | Percentage portion of credit card balances that became 30-days delinquent in Q2 2017, a 5.1 473 | Percentage increase of U.S.

Chip Cards 43

Chip Cards EMV CHIPS Payments 43

PYMNTS

SEPTEMBER 30, 2016

Additionally, according to newly released data from Cayan, consumers are getting increasingly used to using EMV in their day-to-day lives — 42 percent of consumers use chip cards three or more times per week while shopping. Not surprising, since there are more than 700 million chip cards in circulation in the U.S.

EMV 82

EMV CHIPS Chip Cards Push-to-Card 82

PYMNTS

FEBRUARY 3, 2017

According to TechCrunch , devices called “shimmers” can now read your card number and possibly access your card’s chip and obtain your PIN number. Shimmers are actually not new — the security breach has been around since 2015, but many assumed cards equipped with chips were immune to it. in 2016.

CHIPS 41

CHIPS Credit Cards Chip Cards EMV 41

PYMNTS

OCTOBER 20, 2016

That figure is down by 7 percent since 2015. One-in-five consumers are considering using wearables or smart devices to pay, which has increased by 2 and 3 percent, respectively, from 2015. chip migration? Business Wire and a new report from Accenture report that 60 percent of consumers in the U.S. Population.

Payment APIs and Integration 65

Payment APIs and Integration Online and Mobile Banking EMV PayPal 65

PYMNTS

JULY 27, 2016

Credit card fraud complaints in the U.S. saw the biggest increase in 10 years in 2015, with the number rising by 41 percent. ValuePenguin analyzed data collected by the Consumer Financial Protection Bureau and found that there were approximately 70,000 credit card fraud complaints submitted in 2015.

Credit Cards 43

Credit Cards Federal Trade Commission Data Breach Identity Theft 43

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.

EMV 43

EMV Visa CHIPS Chip Cards 43

PYMNTS

JUNE 17, 2016

Today, there are 300 million chip cards in circulation and 1.2 It’s also the first to say that there could and should be more places for consumers to use their chip cards. Visa is the first to admit that a lot of progress has been made in the U.S. EMV migration over the last seven months.

EMV 50

EMV CHIPS Chip Cards VARS 50

PYMNTS

MARCH 27, 2017

“These seconds we’ve chipped away matter a lot to both the customer and business owner handling hundreds of transactions a day.”. the payment processing company has focused on making chip-card processing speeds faster to cut down on long lines for their sellers as part of a broader push to enable the retail industry.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

PYMNTS

JULY 21, 2017

Just as payment methods are varied, so too are the ways that people pay, and whether, given a certain locale, they prefer paper (cash) over plastic (via mag stripe or chip card), or mobile over interactions with the cashier — these differences color fraud as well. Fraud varies country to country, region to region.

Chip Cards 46

Chip Cards EMV CHIPS Issuers 46

PYMNTS

JULY 25, 2016

The number of payment cards in circulation around the world increased by 8 percent to 13 billion in 2015, with the Middle East, Africa and Asia-Pacific seeing the fastest growth. trillion spent in 2015, with 37 percent market share. As of the end of 2015, there were 5.3

Chip Cards 40

Chip Cards Visa CHIPS Bank Card 40

PYMNTS

AUGUST 3, 2016

Mastercard confirmed there are already merchants putting the M/Chip Fast solution to work. 88% | The increase in chip card adoption since the EMV liability shift on Oct. consumer Mastercards that are now enabled with chips. 30% | The percentage of the total merchant population that are chip-active in the U.S.

EMV 40

EMV Visa CHIPS Chip Cards 40

PYMNTS

FEBRUARY 10, 2017

Despite the growing usage of EMV chip card technology to help safeguard payment card data at the point of sale (POS), cybercriminals are turning to devices called “shimmers” to read card numbers and possibly access a card’s chip and obtain the PIN. Old Tools, New Tricks .

Account Takeovers 56

Account Takeovers CHIPS Chip Cards Fraud Detection 56

PYMNTS

OCTOBER 24, 2016

News earlier this month that compromises at ATMs (read: fraud) were at the highest levels in 2015 than had been seen in years (according to FICO) brings back some concerns over how strong security is, or isn’t, at the point of cash dispensing. You don’t really have to worry about those anymore.

ATM 76

ATM Processors Chip Cards Best Practices 76