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Payments Source
OCTOBER 20, 2016
While card issuers took a step in the right direction by replacing the fraud-prone magnetic stripe cards of the past, they made many missteps that complicated and weakened the EMV transition.
112 
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.
76 
The Fintech Times
JANUARY 20, 2025
It has been a busy first month of the year for the certified payment technology provider, DECTA as it announces a new partnership with Urbo Bank and achieves an EMV 3DS 2.3.1.1 ” EMV 3DS 2.3.1.1 protocol The EMV 3DS 2.3.1.1 Certification.
59 
Payments Source
NOVEMBER 3, 2016
Issuers are watching the consumer response to Citi’s rollout of its cobranded Costco card, which is the largest U.S. portfolio of EMV cards that are also NFC-enabled.
100 
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.
99 
Payments Source
AUGUST 3, 2016
Three months shy of the EMV liability shift’s one-year anniversary, issuers are making brisk progress but merchants are stuck at a crawl.
69 
Payments Source
AUGUST 3, 2016
Three months shy of the EMV liability shift’s one-year anniversary, issuers are making brisk progress but merchants are stuck at a crawl.
63 
PYMNTS
AUGUST 14, 2020
Selling an EMV 3DS (also referred to as 3DS 2.0) When PAAY , a software-as-a-service company that protects merchants from fraud and increases authorization rates first started offering EMV 3DS, it had to do a lot in educating potential clients in the face of many saying: “We don’t want to hear about this.” Mendlowitz expects the E.U.
117 
Stax
MARCH 13, 2025
Cards that pose a greater risk to the issuer come with higher interchange fees. Security technology Additional security measures like EMV chip cards and contactless payments can both influence interchange fees. For example, a card issuer might charge 1.5% have higher fees compared to basic payment cards. per transaction.
88 
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.
78 
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.
70 
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.
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.
82 
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?
88 
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.
67 
Payments Source
JUNE 30, 2019
Most large banks have declared their strategies for adopting contactless cards, but the rank and file of FIS’ midsize and smaller issuers are still weighing their options about when to flip the switch.
94 
Payments Source
OCTOBER 30, 2017
Certain prepaid debit card issuers who didn’t initially adopt EMV technology — because of a lower perceived security threat for these limited-use cards — are now going the EMV route.
60 
Fintech Finance
JANUARY 12, 2024
Dubai First , the consumer services platform under First Abu Dhabi Bank (FAB), has become the first issuer in the region to leverage Mastercard Token Connect to push customers’ tokenized card details from its mobile app to Click to Pay and digital wallets.
92 
Payments Source
JUNE 8, 2018
Only the collective efforts of cardholders, issuers, merchants and acquirers will significantly impact payment fraud, writes Stephanie Ericksen, vice president of identity and risk products for Visa.
99 
Payments Source
AUGUST 23, 2016
There’s no way to gift-wrap the EMV woes for issuers and retailers around the upcoming holiday sales season.
64 
Payments Dive
MAY 16, 2017
Recognizing merchants have encountered difficulty integrating EMV compliant payment equipment, credit card issuers have postponed chargebacks for fraudulent purchases on non-compliant equipment. Compliance, however, will benefit all parties by reducing credit card fraud.
60 
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.
79 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.
60 PYMNTS
JUNE 7, 2019
On Friday (June 7), EMVCo released its long anticipated EMV Secure Remote Commerce (SRC) Specification version 1.0. Another way to put it is that new EMV specification promises to enable many more seamless retail transactions. In August of last year, EMVCo announced the launch of the full EMV 3-D Secure (EMV 3DS) test platform.
58 
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.
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.”.
58 
Stax
DECEMBER 9, 2024
These records can serve as valuable evidence in the event of a chargeback dispute, helping you present your case to the card networks or issuers. The cardholder contacts their credit card issuer, providing details of the disputed transaction and the reason for the dispute.
88 
Clearly Payments
MARCH 14, 2025
Card Network Communicates with Issuer : The card network forwards the request to the issuing bank for authorization. Issuer Approves or Declines : The issuing bank verifies the cardholders account balance, fraud risk , and other factors before approving or declining the transaction.
52 PYMNTS
JUNE 17, 2016
EMV migration over the last seven months. million EMV merchant locations. Terminal certification has, so far, been a big barrier to making that possible, and the hue and cry across the ecosystem over the EMV certification backlog has now reached a fever pitch. Visa’s Quick Path To EMV. Changing Chargeback Economics.
50 PYMNTS
FEBRUARY 7, 2017
EMV is nowhere near finished, a year and a half after the much-heralded liability shift in the U.S. This is the percentage of all Merchant Link orders that are for EMV terminals — a transition, said Carcillo, that “has really taken off in the market segments we serve, in retail and hospitality.”. Data Point Number One: 82 Percent.
57 
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.
PYMNTS
JUNE 19, 2020
In an interview with Karen Webster, Douglas Sabo , global head of corporate responsibility and sustainability for the payments giant, said the cards reduce first-use plastic, are EMV compliant and can handle contactless payments. The Issuer Side Of The (Sustainable) Equation.
110 
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?
76 PYMNTS
OCTOBER 22, 2018
22) on why it supports EMVCo’s release of the EMV Secure Remote Commerce Specification draft , which is now available for public review and comment. “The investments that we have made in technology and security, including EMV SRC , will help deliver what merchants and their customers are looking for.
54 
PYMNTS
NOVEMBER 22, 2019
This is where the new EMV 3-D Secure specifications (sometimes referred to as 3DS 2.0) Just as important, it enables 10x more contextual data than the previous version of 3-D Secure to be shared between merchants and issuers in real-time so issuers can use the information to authenticate customers more accurately without introducing friction.
62 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.
43 
PYMNTS
OCTOBER 23, 2018
23) that it continues to support the draft of the EMV Secure Remote Commerce (SRC) specifications. In a press release, Visa said the draft EMV SRC specification provides a foundation for digital transactions that gives consumers, merchants and issuers a single digital point of sale, resulting in a consistent, convenient and secure way to pay.
49 
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.
45 
Payments Source
MAY 26, 2016
Citing a growing frustration with how the EMV transition has interfered with merchants' options for PIN debit transaction routing and authorization, the Merchant Advisory Group for the first time is asking federal auditors to examine the practices of some debit card issuers.
79 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.
60 
PYMNTS
AUGUST 3, 2016
1, 2015 EMV liability shift. Mastercard has helped over 150 countries adopt EMV, and time and again, we’ve seen the same result: significant reductions in counterfeit card fraud,” Chiro Aikat, SVP of product delivery for EMV at Mastercard, said in a press release. Today, Mastercard announced that 80 percent of its U.S.
43 
Payments Source
APRIL 21, 2016
We have been clear from the start that the date fixed by the card networks for liability shift was far too aggressive and essentially resulted in a Christmas present to card issuers.
71 
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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