Payments Source

AUGUST 9, 2016

Card manufacturer Oberthur Technologies is offering issuers facing a shortage of EMV chip cards an option to receive as many as 25,000 in five days, rather than waiting the standard three to four weeks.

EMV 99

EMV Chip Cards CHIPS Security 99

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. What Types of EMV Chip Cards Are There?

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Chip Cards CHIPS EMV Debit Card 88

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. Chip cards are now accepted at more than 3.7

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Chip Cards CHIPS EMV Debit Card 78

PYMNTS

SEPTEMBER 19, 2016

As the payments industry nears the one-year anniversary of the United States’ transition to EMV, of course, it’s an opportune time to take stock of progress and what remains to be done. And that, he added, shows that merchants may have an EMV-capable PIN pad or reader but are not ready to deploy their countertop terminal in full EMV mode.

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EMV Chip Cards CHIPS Issuers 78

Payments Source

APRIL 6, 2016

recently established a 12-year lifecycle for EMV chips in payment cards, and CPI Card Group is among the first card manufacturers to enact the new policy, eliminating the need for issuers to get EMV chips in Visa cards approved every three years.

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EMV CHIPS Issuers Payments 67

PYMNTS

SEPTEMBER 22, 2020

But if the man called his card issuer and pretended the order was never his and that his card had been misused fraudulently, he wouldn’t owe the fee. Get too many chargebacks in a month, and merchants quickly find they’re treated “quite poorly” by acquirers and issuers until they get chargeback ratios under control, he said.

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EMV Issuers CHIPS Card Issuer 86

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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EMV CHIPS Chip Cards Push-to-Card 82

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.

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EMV Security Card Issuer Issuers 70

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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Issuers EMV Debit Card CHIPS 79

Payments Source

SEPTEMBER 6, 2016

As the payments industry progresses through the first stage (POS terminals) of the EMV liability shift and gets closer to the second stage (ATMs), a lingering question that can be asked is, why would any card issuer not want to get certified for EMV?

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Chip Cards CHIPS EMV Card Issuer 76

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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EMV Chip Cards CHIPS Issuers 60

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.

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EMV Authentication Chip Cards CHIPS 60

PYMNTS

JUNE 5, 2017

billion EMV cards in circulation worldwide as of the end of 2016. percent of all card-present transactions globally were handled with EMV tech — a 35.8 Therefore, the higher the adoption of EMV technology worldwide, the more robust the entire infrastructure becomes. That represents an increase by about 1.3 and Asia.”.

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EMV CHIPS Card Issuer Issuers 58

PYMNTS

JUNE 17, 2016

EMV migration over the last seven months. Today, there are 300 million chip cards in circulation and 1.2 million EMV merchant locations. It’s also the first to say that there could and should be more places for consumers to use their chip cards. Visa’s Quick Path To EMV. Changing Chargeback Economics.

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EMV CHIPS Chip Cards VARS 50

FICO

APRIL 3, 2018

While adoption of the EMV payment standard in the US (as embodied in chip cards and panic at the checkout ) has been slow, fraudsters’ gravitation to card not present (CNP) fraud has been anything but. Two and a half years after the liability shift from issuers to merchants (i.e., Customer satisfaction is key.

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Fraud Detection EMV Issuers Chip Cards 85

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.

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Contactless Payments CHIPS Debit Card Payments 73

PYMNTS

MAY 26, 2016

EMV adoption rate by merchants and issuers. Million | The number of chip-active merchant locations as of April 30, 2016. 121 | The percentage increase in EMV-enabled merchant locations since the Oct. Million | The number of chip-active merchant locations as of April 30, 2016. 1 deadline. 1 deadline.

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CHIPS Chip Cards EMV Visa 46

PYMNTS

JUNE 16, 2016

Earlier today Visa announced a handful of new moves aimed at pushing EMV chip adoption among merchants. Taken together, Visa believes the changes will help cut the EMV adoption timeline in half. According to Visa, there are at present 300 million chips card in circulation in the U.S. million merchant locations.

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CHIPS EMV VARS Acquirers 41

Payments Source

JANUARY 31, 2017

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.

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Issuers Chip Cards Contactless Payments EMV 60

PYMNTS

OCTOBER 22, 2020

or “EMV 3DS”) has been a rocky road. The EMV 3DS is uniquely qualified to help merchants keep their chargeback rates down,” McCutcheon said. Is (And Isn’t) Like Putting EMV Into Place . When the card networks first started mandating EMV, McCutcheon said, there was heavy resistance. also known as “3DS 2.0” Why 3DS 2.0

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

PYMNTS

JUNE 23, 2016

American Express has announced changes to its EMV chargeback policy in order to ease the transition as merchants migrate their POS systems to be EMV-compliant. We recognize the migration to EMV in the U.S. To give merchants more time to become EMV-compliant, these changes will remain in effect until April 2018.

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PYMNTS

JUNE 6, 2016

It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. 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.

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EMV CHIPS Chip Cards Issuers 43

PYMNTS

JULY 6, 2018

billion payment chip cards were shipped worldwide in 2017. In terms of geographies, India saw “sustained growth” in card shipments as a transition to EMV takes place. The news comes as the shift to EMV in the U.S. The news comes as the shift to EMV in the U.S. In addition, demand in South Asia “continued to surge ahead.”

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Chip Cards CHIPS EMV Contactless Payments 44

PYMNTS

FEBRUARY 3, 2017

Consumers might have felt a bit safer using their credit card with the introduction of EMV chip technology, but thieves looking to steal your information have managed to find a way to still gain access to PIN numbers, as well as your card’s chip in some cases. The majority of that theft was from credit cards.

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CHIPS Credit Cards Chip Cards EMV 41

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.

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EMV Visa CHIPS Chip Cards 43

PYMNTS

OCTOBER 27, 2016

The industry’s best defense against counterfeit fraud are EMV cards and the terminals needed to read their chips,” David Robertson, publisher of The Nilson Report, said in a press release. EMV has been steadily penetrating dozens of countries, but in the U.S., percent in 2015, outpacing the growing global card volume.

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EMV Card Issuer Issuers Volume 75

Payments Source

NOVEMBER 29, 2017

payments consultancy FIME has added Discover's payment application specification (D-PAS) accreditation to the Pulse ATM network, allowing it to provide guidance and support services on EMV chip technology for acquirers and issuers unfamiliar with D-PAS.

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ATM Accreditation EMV CHIPS 62

PYMNTS

JUNE 20, 2016

It’s been a tough road on the way to EMV terminal deployment here in the U.S. To that end, MasterCard is announcing today that it is reducing the volume of tests that it requires of terminals before bringing them into the field as certified to enable chip card payments.

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EMV Visa Chip Cards VARS 45

PYMNTS

AUGUST 15, 2018

15) that it delivered on its pledge to make EMV transactions faster in the U.S. can now process chip cards in just two seconds on Square Reader, for contactless and chip, and Square Register. Since chip cards arrived in the U.S., Since chip cards arrived in the U.S.,

EMV 40

EMV Transactions Chip Cards CHIPS 40

PYMNTS

OCTOBER 18, 2018

Issuers, merchants and cardholders will benefit from this change as faster, safer options improve satisfaction and increase sales.”. As of the middle of April, Mastercard issuers globally will no longer be required to include a signature panel on the back of their card products. “We merchants and acceptance for Mastercard.

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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. There is money on the table.

EMV 40

EMV CHIPS VARS Push-to-Card 40

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. This one issuer alone was able to avert a loss of nearly $400,000 loss during these four days!

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ATM EMV Issuers Debit Card 64

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. But EMV chip cards are more secure than magnetic stripe transactions, and newer versions of contactless cards use EMV.

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Contactless Payments Chip Cards EMV Card Issuer 56

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. Given the world’s obsession with tech, it’s a good time for issuers to toot their own horns a bit.

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CHIPS EMV Bank Card Chip Cards 26

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. Interacting With The Cardmember.

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Fraud Detection Online and Mobile Banking Scams Issuers 78

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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EMV CFPB Online and Mobile Banking CHIPS 40

FICO

MARCH 29, 2017

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. If your plastic card is captured inside of an ATM, call your card issuer immediately to report it.

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ATM Debit Card Compromise Point-of-Sale (POS) 72