Tag: EMV

March 15, 2017

Cash and coins may not yet be a thing of the past, but if the big names in commerce have their way they’re sure on the path to obsolescence. The past year has seen a massive leap towards a cashless […]

January 4, 2017

With so much attention surrounding the upcoming EMV deadline, it’s important to know the facts – as well as who to lean on and where to turn when you need some information. There are countless resources out there to help […]

October 27, 2016

Fraud losses incurred by banks and merchants on all credit, debit, and pre-paid general purpose and private label payment cards issued globally hit $21.84 billion (bn) in 2015, with the United States (US) accounting for almost two-fifths (38.7%) of the total […]

October 25, 2016

A little over a year ago, the U.S. EMV liability shift took effect on October 1, 2015. The shift disrupted the credit card industry, directly influencing merchants’ businesses and the level of fraud liability risk to which they are exposed. […]

September 16, 2016

Walmart isn’t backing down in its fight with Visa and will soon stop accepting the cards at 16 stores in Manitoba, Canada. It’s the latest in Walmart’s battle with Visa to reduce transaction fees. In July, the retailer stopped accepting […]

September 16, 2016

MasterCard is expected to roll out new biometric technologies such as facial recognition and fingerprint scanning as methods to verify customer identities during online shopping transactions, the Wall Street Journal reports. The credit card giant has been testing new software […]

August 4, 2016

Credit card fraud is down by more than 60% at Mastercard’s top five EMV-enabled merchants since chip cards were introduced late last year, according to the company. “Mastercard has helped over 150 countries adopt EMV and, time and again, we’ve […]

July 8, 2016

The transition to EMV technology for credit card transactions was supposed to be complete last October, but fewer than half of retailers report being in compliance thanks to delays in certification by the banking industry. Just 48 percent of retailers […]

March 29, 2016

In February 2016, credit card comparison website CardHub conducted an online survey of 1,000 consumers, and also surveyed 55 major retailers by phone in February-March 2016. Looking at the retailer survey, 42% of respondents have not updated terminals in any […]

March 23, 2016

A grocery store chain in Florida made headlines last week for filing a lawsuit against a consortium of credit card issuers for delaying their certification to process payments on the EMV (chip card) payment network. They aren’t alone, though: many […]