How EMV has grown beyond the chip on a card
Payments Source
JULY 8, 2020
The role of EMVCo — which is often seen as an extension of the card brands that deals only with chip-based EMV plastic cards— has come into sharper focus.
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EMV Chip Cards: What You Need to Know About PIN or Signature Cards and How They Work
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.
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How are Interchange Fees Calculated?
Stax
MARCH 13, 2025
Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. In 2023, 27% of all point-of-sale (POS) payments were made using credit cards while 23% were made with debit cards. This is a win-win situation for issuing banks and credit card payment networks.
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The Most Common Types of Contactless Payment Methods and How They Work
Stax
MARCH 6, 2025
Card emulation. This technology turns any NFC-enabled smartphone, smartwatch, or wearable into a contactless credit or debit card. Use case: Customers with mobile wallets like Apple Pay, Google Pay, or Samsung Pay can tap their NFC-enabled device on a terminal to pay as if using a physical card.
Visa: EMV Cuts Card-Present Counterfeit Fraud By 80 Pct
PYMNTS
FEBRUARY 13, 2019
Merchants saw a drop in card-present fraud due to the increased adoption of Europay, Mastercard and Visa (EMV) chip cards, Visa said. Merchants who have upgraded to chip technology saw a decrease of 80 percent in counterfeit fraud dollars in September of 2018 when compared to September of 2015. More than 3.1
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Wells Fargo Launches Contactless Credit, Debit Cards
PYMNTS
APRIL 2, 2019
Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.
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Everything You Need to Know About Credit Card Processing
Stax
NOVEMBER 14, 2024
Interchange rates vary based on the type of card you are running. The more expensive it is for the credit card company to maintain the card–rewards, cashback, perks–the more expensive the interchange. In other words, debit cards are more economical while business credit cards are typically the most expensive.
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88 October Visa Data Shows Rise In EMV-Enabled Merchants
PYMNTS
NOVEMBER 22, 2016
21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. million chip-active locations across the country. Visa said Monday (Nov.
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Visa Chip Cards Reduced Counterfeit Fraud By 87 Pct
PYMNTS
SEPTEMBER 4, 2019
Visa announced that since their inception, chip cards have reduced counterfeit fraud by 87 percent. . Chip cards are increasingly becoming the norm as usage and acceptance has continued to grow since the EMV standard was first introduced in 2011,” the company said. Also down were overall card-present fraud rates.
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78 EMV's Prepaid Problem: Issuers Aren't Interested in the Security
Payments Source
SEPTEMBER 13, 2016
New Orleans--As credit and debit card issuers start to see the benefits of EMV-chip card security, prepaid would seem to be the logical next step. But prepaid issuers remain unconvinced of the security benefits of EMV.
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How One Small Business Saved $10,000 a Year on Payment Processing
Clearly Payments
MARCH 4, 2025
Whether you run a retail store, an e-commerce business, or a service-based company, the costs of accepting credit and debit cards add up quickly. Lowering Cost with EMV Transactions One of the most effective ways to lower payment processing costs is by using EMV chip and PIN transactions.
Credit Card Payment Integration: How to Integrate Payments into Your Website and Point of Sale
Stax
MARCH 4, 2025
Heres what companies need to know about credit card integrations and how they can handle payments. TL;DR Online payments rely on API or hosted gateways with encryption and fraud detection, while in-store transactions require POS hardware with EMV chip technology and NFC capabilities. Need to integrate payments?
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The Straight Scoop On EMV: One Year Later
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.
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100+ Payment Industry Terms Explained in Plain English
Clearly Payments
MAY 22, 2025
General Terms Merchant A business that accepts credit or debit card payments. Transaction A payment made using a card or digital wallet. Issuer (Issuing Bank) The issuing bank is the bank that gave the customer their credit or debit card. Debit Card A card that pulls money directly from a bank account.
Digital Security 2016: At The Crossroads Of Biometrics, EMV And Mobility?
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. . Getting ahead of what’s next.
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EMV Debit Barely Making a Mark Despite Issuer Surge
Payments Source
AUGUST 9, 2016
Three quarters of debit cards will have chips by the end of the year, but slow merchant adoption is limiting use, according to Pulse.
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Panic at the Checkout: Will EMV Friction Boost Mobile Payments?
FICO
MARCH 7, 2016
Will problems using EMV terminals drive consumers to ApplePay and others? Those numbers are pretty good, but nothing like the 141 million-plus EMV cards that Visa now has in circulation in the US, alone. People will rush to mobile payments because they’re uncomfortable with using their new EMV cards.
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Hacked ATMs Lead to 70% Rise in Debit Card Fraud
FICO
MARCH 29, 2017
That means we’ll continue to see compromises - and card fraud - rise. I’ve been asked whether EMV transition is playing a role here. As ATMs aren’t yet required to be chip-card enabled, the EMV adoption that came into force last year isn’t driving fraud down yet. I think it is, but not the role you’d expect.
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The Ultimate Guide to Accepting Credit Card Payments
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. That adds an extra layer of security.
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What Is Debit Card Processing & How Does It Work?
Payment Savvy
JULY 3, 2024
Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Every merchant should prioritize taking the time to understand debit card processing to streamline operations and enhance customer satisfaction.
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Worldpay Finds Contactless Payments Surpass Chip, Pin Card Purchases
PYMNTS
OCTOBER 16, 2018
16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The Guardian reported that Worldpay said it was the first time it has seen contactless payments surpass chip and pin. Worldpay, the payment technology company, announced Tuesday (Oct.
Moving To Safeguard PII, Bit By Byte And Chip by Chip
PYMNTS
DECEMBER 9, 2016
No longer are they focusing on credit and debit cards — those brazen attempts have been at least partly blunted by EMV and tokenization initiatives. Now, hackers are increasing efforts to pilfer personally identifiable information (or PII, for short).
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Visa Says Counterfeit Fraud At Chip-Enabled Merchants Plummets 70 Percent
PYMNTS
FEBRUARY 23, 2018
million merchant locations now accept chip cards, covering 59 percent of the merchant population. That latest tally also includes December of last year and represents a jump of 579 percent over the beginning of the migration to EMV chip card adoption in the United States. Debit cards numbered 272.7
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A Midwestern bank works to differentiate its EMV cards
Payments Source
DECEMBER 26, 2016
payment card market prompted many issuers to keep things simple by sticking with contact-only chip cards when they finally moved to support EMV, but now certain issuers are taking a new tack by adding Near Field Communication technology to their chip-enabled cards. The large scale of the U.S.
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Credit Card Machine Companies
Cardfellow
MAY 19, 2025
All five offer and promote EMV chip-capable credit card machines and options that can accept NFC (contactless) payments. Chances are, if youve used a credit or debit card, youve seen an Ingenico terminal. More info: CardFellows equipment directory offers reviews of many Ingenico credit card machines.
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Visa: Chip Cards Reduce Counterfeit Fraud At U.S. Merchants By 75 Percent
PYMNTS
AUGUST 29, 2018
merchants by 75 percent from September 2015 to March 2018 as more storefronts started accepting chip cards. To that end, 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. payments in June were on EMV cards.
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Credit Card Machine for Small Businesses
Cardfellow
MAY 19, 2025
Some machines let you take magstripe, EMV chip, and NFC (contactless) payments while others only accept magstripe and EMV. Pictured below is a popular Verifone Vx520 model, which boasts an EMV chip slot on the bottom and a magstripe reader on the side. A basic chip-capable credit card machine starts around $300.
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All You Need to Know About Internet Credit Card Payment Processing
Stax
MARCH 5, 2025
How Can Internet Card Payment Processing Help My Business? From accepting credit cards and debit cards online to setting up your customized web store, there are various eCommerce solutions that can assist when in-person payments arent an option. But what’s the difference between these two? How do they work together?
Identifying What’s Next In Digital Identity
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.
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80 Square Finds People Do Not Like Chip Cards
PYMNTS
SEPTEMBER 2, 2016
The movement to EMV and chip cards has been one of safety, but card users themselves have been disgruntled when actually using the cards.
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Visa Adjusts Policies On Debit Routing
PYMNTS
NOVEMBER 23, 2016
22) that it is working to modify its debit routing policies, saying that it has “modified and clarified” its rules to boost EMV chip card adoption in the United States. Those modifications, the card giant said, come on the heels of guidance that has been issued by the Federal Reserve. Visa said Tuesday (Nov.
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What is NFC Mobile Payment and How to Use It?
Payment Savvy
DECEMBER 2, 2022
Until recently, people made their credit and debit card payments with a bit of distrust because they were afraid of scammers stealing their card information through the card’s magnetic stripe. With NFC, you don’t need to insert a card and input a PIN. This is the most typical form of contactless payment.
The Most Popular Credit Card Machines in Canada
Clearly Payments
MARCH 28, 2024
Clover Flex Clover Flex is a compact, portable credit card machine that offers a range of features suitable for various business types. It accepts a wide range of payment methods, including contactless, chip, and magnetic stripe cards. It accepts all major credit and debit cards, including tap, chip, and swipe payments.
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Square Chip Readers Get Speed Boost
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. According to data from ABI Research, annual shipments of contactless cards in the U.S.
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How to Find the Right Credit Card Terminal for Your Business
Stax
JANUARY 5, 2024
TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions. Level Up Your Terminal with Stax Card Readers What is a Credit Card Terminal? A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions.
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Uh-Oh, Primark Find Card Skimmers In US Locations
PYMNTS
NOVEMBER 1, 2016
Primark, a European clothing dealer, has reported that credit card skimming equipment was found on “a limited number of card payment machines” in two of its U.S. Simple card skimmers do not work on EMV chip cards, but as of yet, it is unknown what type of skimming devices were used.
PYMNTS’ Data Dive: Strange Bedfellows Edition — Card Networks, EMV And Retail
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. Home Depot – Another EMV Lawsuit Joins The Party . Because in the U.S. 05 more, on average.
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Capital One and US Bank Card Mailers Tout EMV Chip
Fintech Labs Insights
JULY 21, 2015
Last week I received new credit cards from US Bank and Capital One, both containing microchips to support EMV terminals, the global standard finally rolling out in the United States over the next few years. The Capital One card mailer did a good job doing just that. Enhanced security with chip technology.
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26 As ATM Fraud Jumps, We Need ATM Profiling
FICO
OCTOBER 12, 2016
As the US payment card infrastructure continues to move to EMV, fraudsters are turning their targets toward unattended self-service terminals, such as US ATMs, most of which have not yet been upgraded to read EMV chips. Debit-card compromises at ATMs located on bank property in U.S.
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64 Credit card fraud reduction via EMV is the top payment issue for 2016
The Paypers
AUGUST 15, 2016
(The Paypers) Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016.
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The Different Ways a Business Can Accept Credit Cards
Clearly Payments
DECEMBER 2, 2024
With over 79% of consumers using credit or debit cards for transactions, businesses that do not accept cards risk losing significant sales. This article will explore the various ways businesses can accept credit cards, including their advantages, costs, and considerations. Pros Fast and secure transactions.
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Fast EMV, Mobile Starbucks And Under-Fire Payday Lending
PYMNTS
APRIL 25, 2016
Visa is determined to make EMV faster, Starbucks wants to make getting that cuppa joe faster, too, and is crushing it with mobile order ahead and the CFPB might be moving closer to having a fast exodus of the payday lending business once its rules drop. EMV’s Second Phase. Or, at least, some of them must.
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Chase Rolls Out Tap-to-Pay Visa Credit Cards
PYMNTS
NOVEMBER 14, 2018
said the rollout will be done on an ongoing basis, spanning when customers open up new accounts or have cards that are renewed. The company also said that it will debut contactless debit cards in the second half of next year. Chase , the consumer banking arm of JPMorgan Chase & Co.,
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Full-Service Payments And Keeping Your Friends Close
PYMNTS
AUGUST 22, 2016
With new research from Visa indicating that EMV chip-enabled credit and debit cards are gaining popularity among American consumers, PaaS providers recently debuted new products and services designed to help retailers measure up to security standards and accept new forms of payments.
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