PYMNTS

JUNE 17, 2016

Certifying that terminal to ensure that it could support an EMV transaction turned out to be a lot more time-consuming than they — or anyone — anticipated and/or was prepared to handle expediently. Visa is also exploring how acquirers can share certification test results with each other to avoid testing duplication.

EMV 50

EMV CHIPS Chip Cards VARS 50

PYMNTS

JUNE 16, 2016

In addition, Visa is investigating a system for acquirers to share certification test results with each other to avoid testing duplication. Visa’s new measures also include funding to support migration, which means Visa will be upping its financing support for acquirers and VARs that develop the software to power chip terminals.

CHIPS 41

CHIPS EMV VARS Acquirers 41

PYMNTS

JUNE 19, 2016

“Regardless of how the cardholder’s identity is confirmed, the chip makes data much more secure, rendering it almost useless to create fraudulent cards or transactions,” MasterCard spokesman Seth Eisen said in a statement on Wednesday (June 15). Retailers pay more on signature transactions than they do for PIN payments — roughly $.05

EMV 40

EMV CHIPS VARS Push-to-Card 40