PYMNTS

JANUARY 24, 2019

However, there may be an opportunity to get more contactless cards into the hands of consumers — an opportunity that involves community banks and is backed by financial incentives. million payment cards, Giorgio said. She noted that, ever since EMV chip cards were introduced in the U.S., Australia and Canada.

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Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

JULY 19, 2017

Masterpass QR, launched in 2016, already enables brick-and-mortar shoppers to pay for their purchases using their mobile phones rather than a plastic card: They can simply scan the QR code displayed at the merchant’s point of sale, or enter a text code if their phone doesn’t have a camera. EMVCo is pushing for its adoption on a global scale.

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Visa CHIPS Chip Cards EMV 59

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.

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EMV Visa Chip Cards VARS 45

PYMNTS

SEPTEMBER 4, 2018

What does the future hold for the plastic payment card? Or will cards with cutting-edge technology win more loyalty from shoppers? The payment card has “a long life ahead of it,” he told Karen Webster. Even if you consider technologies like mobile, you can see that the consumer is still paying with payment cards.”.

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Chip Cards CHIPS Push-to-Card Payments 44

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. Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 There’s plenty of positive data to look at.

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EMV CHIPS Chip Cards Push-to-Card 82

PYMNTS

OCTOBER 22, 2020

s struggles toward universal adoption in the European Union is reminiscent of EMV chip cards’ rise — a similar journey that aimed to solve a different fraud problem. When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. also known as “3DS 2.0” or “EMV 3DS”) has been a rocky road.

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EMV CHIPS Point-of-Sale (POS) Push-to-Card 88

PYMNTS

JUNE 6, 2019

don’t rely on swiping or chip card readers. cards use chip-and-signature and chip-and-PIN methods. Card issuers have been slow to release contactless cards due to limited acceptance at the point of sale. JPMorgan Chase will roll out new Visa-branded contactless EMV cards this year. In the U.S.,

Contactless Payments 56

Contactless Payments Chip Cards EMV Card Issuer 56

Stax

NOVEMBER 13, 2023

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. Most modern card readers and payment terminals are NFC-equipped.

Contactless Payments 88

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

PYMNTS

JANUARY 13, 2020

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. The trade group wants unified card security standards in the U.S., EMV cards and other anti-fraud measures have had a major impact on fraud behavior.

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EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

MARCH 27, 2017

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. Contactless credit cards and mobile wallet use have seen a slow rate of adoption in the U.S.,

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CHIPS Chip Cards Push-to-Card Debit Card 41

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. The Big EMV Software Certification Push. Visa is the first to admit that a lot of progress has been made in the U.S.

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EMV CHIPS Chip Cards VARS 50

PYMNTS

AUGUST 15, 2018

Today’s coverage includes news about faster chip card transactions, along with brightening prospects for retail and technology in the U.S. can now process chip cards in just two seconds on Square Reader , for contactless and chip, and Square Register. Square Makes EMV Transactions Faster In The US.

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EMV Chip Cards Cross-Border Payments CHIPS 40

PYMNTS

JUNE 6, 2016

The merchant-card network relationship can be complicated. To help us get a better understanding of one card network’s point of view on this claim, as well as EMV’s evolution seven months in, Karen Webster recently spoke with Stephanie Ericksen, VP of Global Risk Products at Visa. . Ericksen also added that because the U.S.

EMV 43

EMV CHIPS Chip Cards Issuers 43

PYMNTS

MARCH 18, 2016

The initial push by payments firm Square into Australia hit a rough patch after the security of its mPOS reader was scrutinized, as noted by The Australian. Though the device, designed for use in the United States, accepts chip cards, it was not set up with a PIN pad.

Security 40

Security Push-to-Card Blocks Chip Cards 40

PYMNTS

SEPTEMBER 6, 2019

Coverage includes a story about how bamboo straws signal a new phase in global commerce, a new mobile payment network and Amazon’s latest push into biometrics, among many other topics and original PYMNTS research. Visa: Chip Cards Reduce Counterfeit Fraud By 87 Pct. Chip cards are now accepted at more than 3.7

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

FICO

DECEMBER 18, 2019

Card-not-present (CNP) transactions, which are primarily conducted online, have quickly become the most common transactions made among consumers. Debit cardholders use their cards far more often, but for smaller amounts: nine times on average for a total of £500 (roughly $700 or €560) per month per account. times that of debit cards.

Fraud Detection 52

Fraud Detection Push-to-Card Authentication Credit Cards 52

PYMNTS

OCTOBER 1, 2019

The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. percentage points to 31.3

Contactless Payments 56

Contactless Payments Consumer Payments Push-to-Card 56

PYMNTS

FEBRUARY 23, 2016

retailers are able to process chip-card transactions. retailers are able to process chip-card transactions. According to a survey by the same research group — taken shortly before the liability shift went into effect in the fall — only 27 percent were going to be ready to go with chip card processing as of Oct.

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EMV CHIPS Chip Cards Push-to-Card 41

PYMNTS

OCTOBER 19, 2016

Some say it has to do with the EMV (chip card) implementation; others say it has to do with consumers’ insecurity about security issues. Just as we mark the two-year anniversary of the launch of Apple Pay, the digital wallet has evolved. On top of that, there is the trust issue for the consumer every time a new security breach pops up.

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Mobile Payments EMV Payments Breach 79

PYMNTS

MAY 16, 2016

Considering the fact that a majority of transactions for these smaller merchants still take place in person, at the point of sale, it is crucial to have technology in place that does the heavy lifting across several functions, from hardware that interacts with customer cards to back office reconciliation of payments. .

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Push-to-Card Payments Reconciliation Chip Cards 40

PYMNTS

MARCH 10, 2016

Since the change to the Seattle coffee chain’s reward program now rewards customers who spend more per purchase, irrespective of how frequently they go, Travis said that his company is giving out $5 gift cards to publicize its more advantageous loyalty program. And that was just in the past four days.

Online and Mobile Banking 41

Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

APRIL 22, 2016

Though the trend has been continuing as consumers boost spending through cards (both credit and debit), management noted on the call that the advanced oil-based economies, such as China and Brazil, are seeing some spending weakness. The consummation may be pushed out a bit, too. Some headline numbers are in order. Revenues were $3.63

Volume 40

Volume Cross-Border Push-to-Card Chip Cards 40

PYMNTS

JUNE 16, 2016

Earlier today Visa announced a handful of new moves aimed at pushing EMV chip adoption among merchants. We’ve taken steps to simplify the process as much as possible and help reduce any challenges so merchants can move forward with chip adoption quickly.”. Pleased, but apparently also looking to push it over the finish line.

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CHIPS EMV VARS Acquirers 41

PYMNTS

AUGUST 2, 2018

In it, CEO Tim Cook credited much of Apple Pay’s recent growth to its increasing use in mass transit. Transit is another important area of growth and Apple Pay can be used with iPhone and Apple Watch to quickly and conveniently ride public transit in 12 metropolitan areas.”. Visit a major U.S. OK, that might be an exaggeration. Contactless Visions.

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Contactless Payments Chip Cards Push-to-Card CHIPS 40

Fintech Labs Insights

SEPTEMBER 28, 2015

Not only are we undergoing a massive expansion in number of NFC-enabled terminals, the more time-consuming “chip dip” makes Apple or Android Pay measurably faster than plastic. Most issuers address basic EMV questions when sending new chip cards to customers. the number that understood it. ———-.

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EMV Mobile Payments Credit Union Push-to-Card 29

PYMNTS

AUGUST 18, 2016

Why do mobile payment users choose another method if they have taken the trouble to load their card data? There is a difference in the choice of debit or credit card as a funding source among users. Meanwhile, only 44 percent of Apple Pay users prefer to use a debit card as a funding source and 50 percent use a credit card.

Mobile Payments 40

Mobile Payments Payments Push-to-Card Debit Card 40

PYMNTS

JUNE 19, 2016

On the EMV front, Home Depot decided it felt strongly enough about Chip and PIN that that it sue MasterCard and Visa over it.Walmart Canada decided it would stop accepting Visa cards since they say they are too expensive. the verification method after dipping the chip is still a signature – as opposed to a PIN.

EMV 40

EMV CHIPS VARS Push-to-Card 40

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. This week was the first week of the last full month of summer. Or a Fizzle – because it’s the last full month of summer and everyone is complaining about it being the last month of summer.

Bitcoin 43

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

PYMNTS

JULY 8, 2016

The ubiquity of PIN-less chip cards in the U.S. can be estimated by the fact that over 60 percent of Visa’s chip-based credit and debit cards didn’t require PIN or signature until last year. The massive payment infrastructure overhaul, which came with an estimated $8.65 billion price tag, led U.K For the U.S.

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EMV Push-to-Card CHIPS Mobile Payments 41

The Fintech Times

JUNE 11, 2024

Fragmented payment regulations across the globe often make the foreign exchange market difficult to navigate. One firm hoping to put a stop to these challenges is FX payments firm, Convera. Our purpose is to make moving money smart and more secure, so that businesses – from small to large corporations – can confidently engage in global commerce.

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Cross-Border Payments Compliance Cross-Border PayPal 59

PYMNTS

NOVEMBER 23, 2018

Another term to know is “carding” — that’s the catch-all world criminals use for crimes that involve stolen payment card data , Rogers explained. In short, financial institutions that set up what amounts to an early warning system for Dark Web activity can find value in that. Dark Web Terms. Early Warning Value. Enough of the basics.

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Push-to-Card Account Takeovers Issuers Credit Cards 73

PYMNTS

MAY 23, 2016

MCX coalition members hoped that the scheme would be attractive enough to consumers that many of them would shift away from what they were using in the store — branded plastic cards — to its mobile payments scheme. Back stateside, it was another blockbuster week and just in time for the summer blockbuster season. Need to know more?

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EMV Mobile Payments Push-to-Card Chip Cards 43

PYMNTS

SEPTEMBER 19, 2016

Will anything ever excite millennials about credit cards? There were more questions than answers in the news last week. Are Hillary Clinton and Donald Trump each healthy enough to be president? Who planted the bomb in Manhattan on Saturday night (Sept. Elizabeth Warren. With an asterisk or two. Ready for the full story? On Tuesday (Sept.

EMV 58

EMV Chip Cards Push-to-Card CHIPS 58

PYMNTS

JULY 26, 2016

I’d envision lots of people being interested, including myself,” said Bergeron, who led the company for 12 years as the CEO before getting pushed out on the back of lackluster results in 2013. “I I could raise the capital to buy the company at a week’s notice,” he said in an interview. on revenue of $2.15 billion to $2.17

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Push-to-Card Chip Cards CHIPS Returns 40

PYMNTS

APRIL 19, 2016

In a different contest across the aisle, Bernie Sanders wants to push his (perhaps uphill and no pun intended) battle against Hillary Clinton a bit further along. New York’s primary is today and the stakes are high. New York’s 1.3 percent, and real wages at nearly 5 percent compared to the state’s roughly 3 percent.

Small Business 40

Small Business Push-to-Card Chip Cards CHIPS 40

PYMNTS

MARCH 30, 2016

percent indicated the use of mobile payments — widely considered to be the best defense against fraudsters — as the payment method most often used to pay for purchases, while almost 61 percent and 29 percent said they primarily use debit cards and credit cards, respectively. In a recent survey focused on how U.S.

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Consumer EMV Security CHIPS 44