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Top News In Payments: Instant Payments Spread In The Gig Economy; Contactless Cuts Down On Counterfeit Fraud

PYMNTS

Also, Visa says chip cards have reduced counterfeit fraud by 87 percent since their inception, and Grab is planning to earmark $150 million for additional research into artificial intelligence (AI). . Visa: Chip Cards Reduce Counterfeit Fraud by 87 Pct. Today in the payments news roundup, almost 40 percent of U.S.

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You Haven’t Been Yourself Lately: Digital Identity Trends 2020

PYMNTS

The launch of EMV chip cards in the U.S. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. in the early 2000s had much of the hoped-for effect: By 2017, both Mastercard and Visa had reported that counterfeit fraud was more than halved. It’s not all good news.

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Tap to Pay: What It Is and How It Works

Stax

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. It’s universally compatible Unlike the chip card and magnetic stripe, NFC technology is standardized.

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Understanding Credit Card Processing Fees for Merchants: How Much Does Processing Credit Cards Cost?

Stax

Modern POS systems often come with built-in card readers capable of accepting various payment methods, including EMV chip cards, magnetic stripe cards, and contactless payments (NFC). EMV-compliant terminals are essential to process chip card transactions securely, reducing the risk of fraudulent activities.

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Apple Pay and Other Digital Wallets Market Share in 2025

Clearly Payments

This surge is attributed to its seamless integration across Apple devices and a strong emphasis on security and user privacy. Number of Users (Global) 640 million Projected Global Users by 2030 Over 750 million Apple Pays Share of Card Transactions 10% of all global card transactions Revenue from Apple Pay $1.9 Population 22.3%

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Capital One and US Bank Card Mailers Tout EMV Chip

Fintech Labs Insights

Website visitors receive thorough explanations, how-to graphics, and a short video showing how to insert a chip card in a reader. Enhanced security with chip technology. Your new card now features greater fraud protection – built right in. And the bank’s explanation of the new technology was a little verbose.

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How Much Do Credit Card Companies Charge Merchants?

EBizCharge

For instance, integrating a payment gateway that optimizes interchange fees or software that automatically updates credit card information can lower costs. Up-to-date terminals that accept EMV chip cards and contactless payments can also help merchants mitigate or avoid higher fees associated with manually keyed transactions.