Payments News

On The Web

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Standards

The US EMV Chip Card Count Surpasses 1 Billion

“Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up from 53.5% in 2018. Those […]
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Standards

Is Your Chip Card Secure? Much Depends on Where You Bank

“Chip-based credit and debit cards are designed to make it infeasible for skimming devices or malware to clone your card when you pay for something by dipping the chip instead of swiping the stripe. But a recent series of malware attacks on U.S.-based merchants suggest thieves are exploiting weaknesses in how certain financial institutions have […]
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Standards

Counterfeit Fraud Declines Sharply In US Since Shift To Chip Cards: Visa

“Visa has published a new infographic that revealed a 76% decline in counterfeit fraud from December 2015 to December 2017 due to increased EMV chip cards and chip-enabled merchants in the US. The company noted that it registered growth across the number of chip cards and chip-enabled merchants, payment and transaction volume even during the […]

On The Wires

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Security

Gilbarco Veeder-Root Announces Exclusive EMV Dispenser Program For Chevron And Texaco Marketers And Retailers

“With EMV hardware becoming rapidly utilized at dispensers and the release of software to initiate chip payments beginning, Chevron worked with Gilbarco Veeder-Root to offer this limited-time program to help retailers protect their customers and sites from fraudulent events. This program is also an opportunity for retailers to work directly with their local Gilbarco Veeder-Root […]
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Standards

EMVCo Publishes Updated Guidelines for Using EMV® Secure Remote Commerce Specifications and Icon

“Technical body EMVCo has confirmed that consumer-facing solutions and programmes based on the EMV® Secure Remote Commerce (SRC) Specifications are to be known as Click to Pay. This universal description enables ease of recognition for consumers, and signals that a consumer can confidently transact through an easy e-checkout, regardless of the payment card, digital channel […]