Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions.

Chip Cards

VISTA InfoSec

MAY 12, 2024

Don’t Allow Swiped Transactions You may want to avoid processing older magnetic stripe cards in favor of Near Field Communication (NFC) and EMV chip cards. Encourage the use of Two-Factor Authentication (2FA) Decades of experience show that passwords only provide a small amount of security.

PCI DSS

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.

EMV

PYMNTS

SEPTEMBER 30, 2016

EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. The walk to the liability shift in this market last October was technically four years long, but in reality, EMV didn’t become an absolute certainty until Dec. But it’s not just EMV. EMV is not only for the big guys.

EMV

PYMNTS

OCTOBER 26, 2016

As the conference kicked off in Las Vegas last October, merchants and retailers around the United States began dealing with the effects and fallout of October’s EMV liability shift, as the technology became the standard for all retail payments. It’s EMV all over again. ” Biometrics coming on big.

EMV

PYMNTS

JANUARY 8, 2020

Facial authentication and cloud-based subscription services are particularly popular, with applications ranging from unlocking personal smartphones to providing secure access to top-secret government facilities. EMV Cards Face Crucial Verification Security Gaps. EMV cards are becoming increasingly commonplace in the U.S.

EMV

PYMNTS

APRIL 15, 2016

The EMV liability shift just hit the six-month mark , the force of mobile continues to strengthen, and industry players are shape-shifting their business models all while authenticating consumers just keeps getting more complex – and that’s the tip of the iceberg. Merchants have a lot going on these days.

EMV

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.

EMV

Clearly Payments

OCTOBER 1, 2024

Contactless payments can carry higher interchange fees compared to traditional card-present transactions like inserting a card into a chip reader. Although swiping was once the most common method for in-person payments, it has become less popular with the advent of chip-and-PIN and contactless technology.

Contactless Payments

Payments Source

APRIL 10, 2017

Given the spike in online fraud that accompanies the chip card migration, there are a lot of new authentication methods. Most of them still rely on information that's not dymanic and vulnerable.

Chip Cards

PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. Over the last seven years, as chip technology has entered the market, Visa has deployed more than 460 million chip cards and readers at more than 2.5 No more signatures.

EMV

PYMNTS

JANUARY 22, 2020

billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo , the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. More than 8.2 The scanner then analyzes the individual consumer’s unique fingerprint.

CHIPS

PYMNTS

APRIL 26, 2016

The EMV numbers tell a compelling story. In the six-plus months since the EMV liability shift deadline hit the U.S. payments market, the continued momentum of EMV adoption has surprised just about everyone. have chips in them and that roughly 1.2 merchant locations now accept chip cards. million U.S. million U.S.

EMV

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. dollars has dropped by over 60 percent.

EMV

PYMNTS

MARCH 29, 2016

The Ripple effect of EMV. 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. . The ripple effect of EMV, Bradbury said, is what he’s focused on this year. Yep, it’s real. Here’s a sneak peek:

EMV

PYMNTS

OCTOBER 18, 2018

With modern, advanced forms of authentication now available, removing the requirement for signature capture at the point of sale and now signature panels on Mastercard cards is an important step in support of our digital evolution,” said Linda Kirkpatrick, executive vice president, U.S. merchants and acceptance for Mastercard.

Visa

PYMNTS

AUGUST 3, 2016

Mastercard is extolling the virtues of EMV technology and is highlighting its efforts in helping countries adopt the chip terminal system. According to Chiro Aikat, Senior Vice President of product delivery for EMV at Mastercard, EMV technology consistently brings “significant reduction in counterfeit card fraud.”.

EMV

PYMNTS

DECEMBER 28, 2016

Payments 2016: The Year Of EMV-Enabled Cards. 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. Best of Times.

EMV

Fintech Finance

SEPTEMBER 18, 2024

The solution integrates Infineon’s enhanced SLC39B system-on-chip (SoC) Secure Element and Fingerprints FPC1323 sensor into the Infineon Biometric Coil on Module (BCoM) package, leveraging the key advantages of inductive coupling technology. This will lead to a much simpler biometric payment card manufacturing process.

Enrollments

Clearly Payments

OCTOBER 3, 2024

However, h ere are some of the most popular credit card machine models in the USA: Ingenico Move 5000 Features : Durable design, fast processing, supports multiple payment types including EMV chip and contactless payments over wireless payments with Wi-Fi, Bluetooth, and 4G/LTE connections.

Credit Cards

PYMNTS

JULY 19, 2017

Once the QR code has been scanned, the online payment will be processed through the Mastercard network using M/Chip technology and the secure EMV infrastructure that retailers already have in place.

Visa

Payments Source

JULY 5, 2017

EMV chips can take a company only so far, leading Oberthur to consider Morpho's expertise in biometrics and embedded security methods.

EMV

PYMNTS

MAY 13, 2016

A new personal chip card reader will soon hit the market with the goal of protecting consumers while shopping and banking online and ultimately preventing online fraud — at an introductory price of just $20. It’s time to start extending chip-based security to protect us online and reverse the rapid growth of fraud and identity theft.”.

CHIPS

PYMNTS

MARCH 27, 2017

Despite the security and authentication benefits, timeliness is not part of EMV’s wheelhouse. As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals.

CHIPS

PYMNTS

JANUARY 3, 2019

were caught up “in a perfect storm” of rapid online sales growth and the transition to EMV chip technology , leaving merchants vulnerable to CNP fraud. With that in mind, EMV recently announced that it had updated its protocol to prevent this type of fraud. Its EMV 3-D Secure Protocol and Core Functions Specification v2.2.0

EMV

PYMNTS

OCTOBER 25, 2016

If you’re playing the slots in Vegas this week, there’s a good chance they’re coming up: Biometrics; EMV chip cards; Mobile security. He said that biometrics could have the potential to remove the need for usernames and passwords, much the way EMV is intended to eliminate the need for cardholders to enter debit card PINs.

EMV

Payment Savvy

DECEMBER 2, 2022

NFC chips which make wireless communication possible, are used in contactless cards, mobile devices, checkout terminals, and other payment devices. Near-field communication transmits data through electromagnetic radio fields that let two devices with embedded NFC chips communicate with each other. Leading NFC Mobile Applications.

Mobile Payments

Braintree

OCTOBER 4, 2019

Thanks to EMV chip technology, Australian merchants have enjoyed a significant reduction of fraudulent in-person credit card transactions, with losses from counterfeit/skimming fraud at their lowest since 2006. High-risk” merchants that neglect to use 3DS to authenticate transactions risk an increase in declines.

Mitigation

PYMNTS

DECEMBER 19, 2018

In a press release , Gemalto said it will test an EMV contactless biometric card for Europe via a pilot program backed by Intesa Sanpaolo and Mastercard. Gemalto said that will provide a fast and convenient user experience to a more advanced cardholder authentication. That results in a faster and safer checkout, noted Gemalto.

Contactless Payments

PYMNTS

MARCH 13, 2020

Certain use cases border on unnerving – like the Chinese government employing thermal-scanning tech made by Hong Kong-based SenseTime that “authenticates” individuals by remote-scanning foreheads for fevers. New horizons in biometrics are making the greatest physical card security breakthroughs since the EMV chip.

Authentication

FICO

SEPTEMBER 14, 2016

This is a fundamentally different approach than authentication systems, which validate the user with a password or other biometric like fingerprint, voice or face recognition.

Authentication

PYMNTS

AUGUST 15, 2018

Secure payments enabler EMVCo has announced the launch of the full EMV 3-D Secure (EMV 3DS) Test Platform. The platform allows 3DS product providers to confirm that their solutions will perform in accordance with the EMV 3-D Secure Protocol and Core Functions Specification v2.1.0, or its EMV 3-D Secure – SDK Specification.

EMV

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. Almost ten years later, the US tried the technology, and it was four years after that when all EMV cards became NFC-equipped. The authentication methods verify each party’s identity before exchanging sensitive information.

Contactless Payments

PYMNTS

MAY 5, 2020

In an interview with PYMNTS, Mitch Pangretic, senior vice president of strategic partnerships at Elan , said that in-person card fraud may have decreased thanks to EMV chips and multi-factor authentication, but card-not-present (CNP) scams are increasingly gaining traction.

Fraud Detection

Clearly Payments

MARCH 22, 2024

When a user holds their NFC-enabled smartphone near a payment terminal, the NFC chip in the phone communicates with the terminal to complete the transaction. Integration of Biometric Authentication : Security concerns are paramount in the realm of mobile payments.

Contactless Payments

The Payments Association

OCTOBER 4, 2024

These digital-first solutions are especially popular among younger generations, who value convenience and security features like biometric authentication. While technologies like EMV chip cards (chip & pin), tokenisation, and biometrics have been developed to enhance security, fraudsters continue to adapt.

Online and Mobile Banking

FICO

JUNE 8, 2017

First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market. Where the Consumer is the Criminal. This is essentially where the individual who undertakes the fraud has either performed or facilitated the fraud in their own or a completely synthetic (fictitious) identity.

Contactless Payments