Payments Source

JANUARY 16, 2018

Payments security experts are warning of the risks to some merchants with payment systems that transmit cardholder data from the processor back to the point of sale from the Spectre and Meltdown computer chip flaws.

CHIPS 71

CHIPS Processors Payment Security Risk 71

PYMNTS

JANUARY 12, 2018

12) in a blog post that it is making the signature an option — and no longer a requirement — for EMV chip-enabled merchants across North America. That shift, for contact or contactless payments, goes into effect April 2018. Those investments and focus, the company said, will help “define the future of payments security.”.

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EMV Chip Cards CHIPS Contactless Payments 61

PYMNTS

OCTOBER 25, 2016

In a press release , Creditcall said the the Elavon certification, with more payment processors being added in the following months, enables merchants to instantly accept contactless and EMV chip card payments at the mobile point of sale (mPOS).

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ISVS EMV Payment Gateways CHIPS 62

The Fintech Times

JULY 17, 2024

For four years, Apple has been making its case to the EU that it is not monopolising the payments and technology markets by restricting who can use its tech. In order not to face heavy fines, Apple has allowed its rivals access to its tap-and-go payments technology through its NFC chip, free of charge.

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Card Issuer Payments Contactless Payments CHIPS 116

PYMNTS

NOVEMBER 1, 2018

The process involves filling out a short form, taking a selfie and scanning the chip inside their passport using their phone’s NFC reader.”. The problem is Apple does not give developers full access to the NFC chip inside iPhones,” according to that report on Friday. For a couple years, that was all the NFC chip could do.”.

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CHIPS Payment APIs and Integration Blockchain Data Breach 75

PYMNTS

SEPTEMBER 30, 2016

Nationwide, there are roughly 2 million chip-enabled businesses, and 1.3 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. EMV is not only for the big guys.

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EMV CHIPS Chip Cards Push-to-Card 82

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. Meanwhile, Gemalto was recently picked to design a mobile payment security system for MarketPay’s new banking card.

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EMV Online and Mobile Banking Credential Chip Cards 80

FICO

JUNE 8, 2017

First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market. Of course, there are other elements of the security landscape that help ensure contactless is not an open exposure. Where the Consumer is the Criminal.

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Contactless Payments Risk CHIPS EMV 58

PYMNTS

OCTOBER 18, 2018

“We believe our merchants and issuing partners everywhere will embrace the ability to deliver a simpler checkout experience while maintaining the highest levels of security.”. The payments company said the innovations provide greater security and a simpler, more convenient payment experience.

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Visa Contactless Payments Authentication EMV 87

The Fintech Times

APRIL 8, 2024

” Maximising payment security SUNRATE commercial cards enable customers to settle card spends in more than 15 currencies, as well as customise key parameters such as card limits and expiration dates. When customers use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device or Apple servers.

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Credit Cards PCI DSS Commercial Card Treasury Management 59

Clearly Payments

OCTOBER 22, 2024

However, in some regions, like Europe, credit cards use the chip-and-PIN system, where every transaction requires PIN entry instead of a signature. For merchants who accept international payments, understanding this system is key. While this is their responsibility, merchants can foster an environment where security is a priority.

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Debit Card Credit Cards Point-of-Sale (POS) Encryption 105

PYMNTS

OCTOBER 19, 2018

Its features promote more secure and consistent online transactions across channels and connected devices, while optimizing the cardholder’s experience. percent of card present transactions, measured globally, were EMV chip-enabled. Last year, EMVCo revealed that 58.9

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Payments Source

FEBRUARY 20, 2018

In a case where two payments security heads are better than one, Accredited Standards Committee X9 Inc. and the PCI Security Standards Council have agreed to create one unified PIN security standard for payments stakeholders.

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Security Accreditation Payment Security PCI DSS 63

PYMNTS

SEPTEMBER 26, 2018

One factor that comes into play when viewing the relatively lower rates of PCI compliance in the Americas is the fact that in the later region, EMV chip card payments are a relatively recent phenomenon. The study noted that there are some regional differences, as 77.8 percent at full compliance in Europe, while the standing was 39.7

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PCI DSS Compliance Chip Cards EMV 53

PYMNTS

APRIL 12, 2018

The transition to the EMV chip in North America has been both a boon and a bit of a headache when it comes to payments security. chip-enabled merchants was down 66 percent in June of 2017 compared to June of 2015. According to Visa, counterfeit fraud at U.S.

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Point-of-Sale (POS) EMV CHIPS Push-to-Card 50

PYMNTS

MAY 10, 2018

Yet integrated payments technology was prohibitively expensive for smaller firms, costing, as it did back then, several thousand dollars on average. Fast-forward 20 years, and the newest technology shift has come in the wake of EMV – replacing, of course, what was once the standard swipe transaction.

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EMV CHIPS Chip Cards Credit Cards 52

Fintech Finance

MARCH 20, 2024

inch square dial to enhance the user experience further by enabling contactless payments directly from the wearable. The smart watch’s NFC chip supported by the Mastercard network will further empower people to do more with their wearable, making the smart watch a one-stop solution for all their lifestyle needs.

Visa 52

Visa Contactless Payments Payments CHIPS 52

PYMNTS

JUNE 22, 2017

The majority of CFOs surveyed (and 62 percent of all execs surveyed) told Vesta and CFO Research that their experience with fraud has increased since the introduction of EMV chip cards, displaying both an increase in the number of and value of credit card chargebacks.

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Innovation Chip Cards EMV CHIPS 43

PYMNTS

MARCH 17, 2020

The movement toward critical mass has prologue, said Pointner, as “ biometric ” passports – the paper kind that sport microprocessor chips that can be used to authenticate holders – have become widespread. They are not new iterations on the existing passport,” he noted of the digital offerings.

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Authentication Verification Interoperability Cross-Border 86

Stax

FEBRUARY 28, 2024

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. There are a variety of payment terminal brands on the market, but the place to start is by looking at the payment terminals your payment processing provider supports. What is a Fully Integrated Terminal?

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Payments Credit Cards Non-Bank Contactless Payments 88

PYMNTS

MAY 13, 2019

There are several ways these attacks can be prevented, however, starting with EMV chip acceptance. EMV payments are more secure than those made by magstripe because cards’ stored information is uniquely encrypted whenever it is accessed. The process is quick, and customers avoid having to provide their personal account numbers.

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Security EMV Encryption Contactless Payments 49

PYMNTS

FEBRUARY 3, 2020

Online sales do not rely on PINs or chip technology to secure debit transactions, and they often ask users to input security codes to complete their purchases. Even sites that employ additional authentication measures — such as sending text messages or emails to verify customers’ identities — can be subject to data breaches. .

Debit Card 52

Debit Card Assessments Data Breach Online and Mobile Banking 52

PYMNTS

JANUARY 19, 2021

The state uses prepaid debit cards to send out funds to claimants, but these cards lack security measures like the encoded chips that are typically built into debit cards, leaving them vulnerable to attacks. FIs are thus rethinking their approaches to online payment security, especially as it relates to debit.

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Debit Card Online and Mobile Banking Push-to-Card P2P 62

Stax

NOVEMBER 6, 2023

Thanks to these modern payment solutions, credit card, and debit card users can now complete their purchases without swiping or inserting their cards at the point of sale (POS) terminals. Instead, they can tap their mobile devices against supporting POS terminals to process their payments securely and efficiently by way of a digital wallet.

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Mobile Payments Online and Mobile Banking Debit Card Payments 88

PYMNTS

JUNE 4, 2018

Consider the fact that beyond chips and the form factors (tablet, phone, etc.), turning a connected device into a payments device must also address account provisioning and payments security. For the OEMs, a conundrum takes shape when seeking to add payments functionality to devices.

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Mobile Payments Visa Payments Contactless Payments 48

PYMNTS

JANUARY 20, 2017

“It’s a slow-moving tide,” he noted, adding that as the industry continues to move forward, there will be a coexistence between magstripe and other payment methods. But even with the introduction of EMV chip–enabled cards, magstripe still brings about its own set of fraud risks. The Machine-Learning Hype.

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Credit Union Fraud Prevention Authentication CHIPS 44

PYMNTS

SEPTEMBER 8, 2017

Payment security : We all want payments security, but how far will we go to get it? Scams abound in initial coin offerings, and China deems them illegal in terms of fundraising, with investigations starting into dozens of firms. ICO may stand, to investors’ chagrin, for “ I C ould’ve gotten O ut.”.

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Scams Compliance User Authentication CHIPS 46

PYMNTS

MARCH 10, 2016

It’s becoming increasingly evident that biometrics and facial recognition are the future of mobile payments security. As part of the collaboration, CardFlight will make its EMV chip card-enabled mobile card readers, which will also accept magnetic stripe payments, available to Stripe merchants and developers.

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Online and Mobile Banking EMV P2P Mobile Deposit 41

PYMNTS

APRIL 30, 2019

Writ large, said Eleveld, the payments industry will likely see card-not-present fraud shift from Europe to more distant shores, where less strict authentication processes are in order. We might see a repeat of what happened when chip and PIN debuted in Canada and Europe, where fraudsters moved to easier channels, such as online.

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Authentication Authorization Transactions Assessments 68

PYMNTS

JUNE 3, 2016

To adapt, let alone thrive, businesses with store locations must embrace EMV, the latest in payments security and authentication, especially considering the retailers themselves have taken on more responsibility for fraud after 2015’s liability shift. The challenge for the last year has just been educating our customer base.

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EMV CHIPS Point-of-Sale (POS) Security 40

Fintech Labs Insights

AUGUST 15, 2016

It also comes with an EMV chip reader to help merchants reduce losses from card fraud. BluePay EVP of Product Tim Trench said that the company selected SwipeSimple because it is BluePay’s “top priority to provide the most advanced payment security methods to maintain their trust and business.”

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EMV Process CHIPS Mobile Payments 16

Stax

JUNE 27, 2024

With ACH payments, it’s also less likely that an individual will forget to pay their bills on time. The ACH transfer automatically pulls funds from the account once they’ve authorized a recurring payment. Secure and reliable ACH payments are more secure than wire and card transactions.

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Wire Transfer Wire Wires ACH 88

EBizCharge

APRIL 25, 2024

Card readers or terminals are necessary to accept physical debit and credit cards, including chip-enabled and contactless payments. With the right payment technology and hardware, businesses can effectively manage transactions, enhance customer service, and uphold data security standards.

Online and Mobile Banking 52

Online and Mobile Banking Debit Card Credit Cards Contactless Payments 52

PYMNTS

NOVEMBER 1, 2017

In a recent digital discussion with Karen Webster, Michael Sass, VP Market Product Management, Security Solutions, Europe, Mastercard , and James Rendell, VP Product Management, Payment Security, CA Technologies , discussed the advantages as well as the obstacles that are still in the way. Take passwords, for instance.

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Security Enrollments Authentication Issuers 43

Fintech Labs Insights

OCTOBER 16, 2016

In fact, according to a recent report from Mastercard, 88% of consumers have been issued chip cards, but only 33% of merchant locations accept them. over the course of the year and found: 78% of cards now contain EMV chips, up from 46% in October 2015. Mastercard is the runner-up: 71% of cards issued contain an EMV chip.

EMV 17

EMV P2P Same Day ACH FinTech 17

PYMNTS

DECEMBER 23, 2016

We posed the same question to each executive: If you had to answer the question, Payments was the year of …, how would you answer, and how does your answer change your world — and the world of payments,more broadly? Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

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CHIPS EMV Contactless Payments Payments 53

PYMNTS

OCTOBER 28, 2016

If you’re a tech chip giant, the future shines like a newly-minted smart chip. For example, 660 members across two Fed-initiated task forces are tasked with pondering “what’s next” in payments (e.g. faster – with 500 members)) and security (e.g. Earnings, earnings everywhere and some a stock to sink.

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AI CHIPS Same Day ACH Fed 43