PYMNTS

MAY 18, 2020

Mastercard has announced a series of consumer protections aimed at protecting customers and merchants from fraud at fuel stations. The enhanced consumer protection program was designed to provide merchants and banks with tools to help them navigate the heightened risk of fraud, Mastercard said.

Visa 78

Visa EMV Security Chip Cards 78

Payments Source

JUNE 22, 2016

American Express has joined Visa and MasterCard in adjusting chargeback policies for merchants that have not yet migrated to chip card payments.

Visa 65

Visa Chip Cards EMV CHIPS 65

Stax

NOVEMBER 14, 2024

Merchant: The individual business accepting the payment and in need of credit card processing. Cardholder: The customer who owns the credit card being used for purchase. Card Association: Visa, Mastercard, American Express, and Discover. Interchange rates vary based on the type of card you are running.

Credit Cards 88

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

PYMNTS

NOVEMBER 14, 2019

antitrust regulators are investigating Visa and Mastercard about their debit card policies, Bloomberg reported on Thursday (Nov. The inquiry could spell fresh regulatory trouble for the world’s two largest payments processors, which settled a protracted European Union antitrust probe in April this year over card fees.

Debit Card 70

Debit Card FTC Visa Federal Trade Commission 70

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

Cardfellow

FEBRUARY 26, 2025

Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a sellers smartphone instead of a credit card machine to pay. Is contactless the same as a chip card? This is done instead of swiping a magnetic strip or dipping an EMV chip card.

Contactless Payments 52

Contactless Payments Credit Cards Chip Cards Processors 52

The Fintech Times

APRIL 17, 2025

WorldFirst , Ant International s digital cross-border payment and treasury account service for global businesses, has launched a Mastercard -enabled virtual card solution to support SME growth by simplifying global transactions and lowering operational costs.

Visa 67

Visa Cross-Border Payments Cross-Border Multi-Currency 67

PYMNTS

JULY 19, 2017

Mastercard is expanding its QR-based programs to create greater choice in retail mobile payments. 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 59

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.

EMV 45

EMV Visa Chip Cards VARS 45

PYMNTS

MAY 26, 2016

The latest stats released by MasterCard give more optimism about the U.S. Million | The number of chip-active merchant locations as of April 30, 2016. Million | The number of chip-active merchant locations as of April 30, 2016. issued, MasterCard-branded chip-enabled consumer credit cards. 1 deadline.

CHIPS 46

CHIPS Chip Cards EMV Visa 46

Stax

MARCH 13, 2025

Every time a customer makes a payment with a credit or debit card, the merchants acquiring bank pays a fee to the customers card issuing bank. Although these fees go to the issuing bank, the rates are set by card networks like Discover, American Express, Visa , and Mastercard. per transaction. per transaction.

Debit Card 88

Debit Card Credit Cards Processors Processing Costs 88

Payments Source

APRIL 21, 2020

The coronavirus pandemic has added a troubling twist to the already difficult process of converting fuel pumps to accept EMV chip cards and communicate with the stations' point-of-sale terminals.

EMV 90

EMV Chip Cards CHIPS Process 90

PYMNTS

AUGUST 3, 2016

Today, Mastercard announced that 80 percent of its U.S. consumer credit cards are now enabled with chips, marking an 88 percent increase in chip card adoption since the Oct. 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

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

PYMNTS

APRIL 26, 2016

As part of its six-month EMV checkup , MasterCard said that more than two-thirds (67 percent) of its branded consumer credit cards in the U.S. have chips in them and that roughly 1.2 merchant locations now accept chip cards. In the six-plus months since the EMV liability shift deadline hit the U.S. million U.S.

EMV 48

EMV Visa CHIPS Chip Cards 48

Stax

MAY 6, 2025

Essentially, swiping, dipping, and tapping are the three ways that customers can make in-person payments with a credit or debit card. Swiping, of course, is the oldest of the three methods and is used with a card that has a magnetic stripe (or magstripe) on it. Think: Visa, Mastercard, American Express, and Discover.

Credit Cards 88

Credit Cards Online and Mobile Banking Payment APIs and Integration Credit Card Payment Processing 88

PYMNTS

NOVEMBER 6, 2017

Mastercard announced news late last week that it named Jeanne Tisinger a senior advisor for cybersecurity. Tisinger joins Mastercard after three decades at the Central Intelligence Agency (CIA). Jeanne’s experience speaks for itself,” says Tim Murphy, general counsel and chief franchise officer, Mastercard in the press release. “As

Cybersecurity 46

Cybersecurity Visa Chip Cards CHIPS 46

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 40

EMV Visa CHIPS Chip Cards 40

PYMNTS

DECEMBER 8, 2016

Earlier this month, Visa and Mastercard said they had extended the deadline for U.S. gas station owners to install EMV chip card readers at the pump. To that end, he said, WEX “is still prepared to have a chip-enabled card” ready to debut in 2018. One beneficiary may be mobile payments.

Chip Cards 66

Chip Cards EMV CHIPS Push-to-Card 66

PYMNTS

JANUARY 12, 2018

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 As has been noted by the firm and in this space , in the two years since EMV chip cards launched in the United States, fraud has declined by 66 percent. million U.S.

EMV 61

EMV Chip Cards CHIPS Contactless Payments 61

PYMNTS

APRIL 10, 2018

With fraud on the rise, credit card networks have realized that customer signatures are simply not a reliable way to authenticate someone’s identity — and some of the country’s largest retailers agree. And Visa is making signatures optional in North America, but only for retailers with payment systems that read chip cards.

Credit Cards 53

Credit Cards Chip Cards CHIPS Visa 53

PYMNTS

SEPTEMBER 19, 2016

Part of that deployment reluctance on the part of the merchant, said Gumbley, can be traced to the vagaries of the consumer experience, where transaction times using chip cards can last anywhere from a few seconds to “multiple 30-second increments,” a range that can be disconcerting and confusing.

EMV 78

EMV CHIPS Chip Cards Issuers 78

PYMNTS

AUGUST 9, 2017

Today, the most encrypted way to transact is by Europay, Mastercard and Visa (EMV) chip cards. Any credit card with a chip is capable of tap-to-pay transactions in an EMV-enabled POS setting, but, more often than not (at least in the U.S.), That’s why we’re here.”.

Consumer 80

Consumer Point-of-Sale (POS) Chip Cards CHIPS 80

Stax

APRIL 18, 2024

Acquiring Bank (Merchant Bank): The financial institution that establishes and maintains the merchant’s account, enabling them to accept credit card payments. Issuing Bank: The bank or financial institution that issued the credit card to the cardholder. Card Network (e.g.,

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

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. She noted that, ever since EMV chip cards were introduced in the U.S., Contactless cards are, quite literally, touch and go,” she said.

Community Banks 62

Community Banks EMV Chip Cards Contactless Payments 62

PYMNTS

SEPTEMBER 4, 2018

Mastercard wants to test out its fingerprint-scanning cards in the U.K. The payments firm is reportedly already testing the card in South Africa. The product combines chip technology with a fingerprint scanner to verify the cardholder’s identity when making purchases in-store or online.

Chip Cards 44

Chip Cards CHIPS Push-to-Card Payments 44

The Paypers

JULY 29, 2016

(The Paypers) MasterCard has announced the release of a new policy aimed at speeding up the testing and certification of EMV chip card terminals at US merchant locations.

EMV 28

EMV Visa Chip Cards CHIPS 28

PYMNTS

APRIL 19, 2018

percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total of 7.1 EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa. percent.

EMV 45

EMV CHIPS Chip Cards Interoperability 45

PYMNTS

MAY 17, 2017

For customers still paying with plastic, here’s what’s possible (or will be soon) – by the numbers: 70 | Percentage of financial cards with a chip embedded. billion | Number of chip cards produced last year. 80 | Number of cities where Mastercard carriers can tap to pay for public transit.

CHIPS 40

CHIPS Chip Cards EMV Contactless Payments 40

PYMNTS

JUNE 24, 2016

Oberthur Technologies (OT), a provider of embedded security software products and services, has rolled out a multi-payment dual interface card. This card, developed on OT’s Global Platform, is the first of its type that includes new features from both Visa and MasterCard.

EMV 40

EMV CHIPS Chip Cards Visa 40

PYMNTS

JANUARY 13, 2020

The launch of EMV chip cards in the U.S. 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. Despite their success, the use of EMV cards with no required PIN codes has left a door unlocked for crooks. It’s not all good news.

EMV 54

EMV Data Breach Chip Cards Push-to-Card 54

PYMNTS

JULY 25, 2016

That’s according to RBR’s Global Payments Cards Data and Forecasts to 2021 study, which also found UnionPay of China is controlling the biggest piece of the $21.6 That’s up from 32 percent in 2014 and in front of Visa and Mastercard. Visa had a 32 percent share, while Mastercard had 20 percent.

Chip Cards 40

Chip Cards Visa CHIPS Bank Card 40

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

JUNE 7, 2017

UnionPay mobile QuickPass supports NFC contactless payment with UnionPay chip cards, smartphones and wearable devices. In May, Mastercard, UnionPay International and Visa introduced a standardized QR code for payments, accelerating Thailand’s transition to a cashless society.

Chip Cards 41

Chip Cards Visa Contactless Payments On-Demand 41

PYMNTS

MARCH 18, 2016

Though the device, designed for use in the United States, accepts chip cards, it was not set up with a PIN pad. The block was removed only in the wake of a push by two other payments giants, MasterCard and Visa, the latter of which has a 10 percent stake in Square.

Security 40

Security Push-to-Card Blocks Chip Cards 40

PYMNTS

OCTOBER 26, 2016

But while merchants have now had more than a year to adjust to the new technology, retailers still lag behind when it comes to chip card adoption, causing frustration and confusion for consumers, even with chip-based cards decreasing counterfeit fraud by 60 percent, according to Mastercard.

EMV 76

EMV Security CHIPS Online and Mobile Banking 76

Fintech Finance

APRIL 17, 2024

Zero-Cost Processing: Merchants have the option to eliminate fees associated with accepting cards by implementing fully compliant dual pricing, cash discounting, or customer surcharging. Security Standards and EMV Certification and is fully certified by MasterCard PayPass, Visa PayWave, American Express and UnionPay Networks.

Stop Payment 52

Stop Payment Payment APIs and Integration ISVS Payments 52