Payments News

On The Web

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Tech

Noor Bank Partners With UnionPay to Launch QR-based Mobile Payments

“Noor Bank is partnering with payments scheme UnionPay to enable customers to make instant, secure payments on the go. Specifically, Noor Bank is rolling out its first EMVCo QR-based mobile payment service. Consequently, Noor Bank customers and merchants can leverage UnionPay QR code scanning for all their payments. Participating retail, restaurant and tourism-focused merchants will […]
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Reports

U.S. EMV Merchant Locations Grew by 400,000 in 2018’s First Half, Visa Data Show

“In its latest report on the U.S. conversion from magnetic-stripe payment cards to the EMV standard, Visa on Wednesday said 3.1 million merchant locations accepted the new cards in June. That compares with 2.7 million merchant locations last December and only 392,000 in September 2015, according to an earlier Visa report. Some 67% of U.S. storefronts are […]
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Security

Industry Perspectives on the Evolution of EMV Payment Tokenization

“This whitepaper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders. While the paper is focused on payment tokenization, merchants have used security tokenization for many years to protect their […]

On The Wires

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Tech

Worldnet Launches GoChipNow to Deliver “Plug and Play” EMV® Solution

“The GoChipNow Solution makes it simple for anyone who previously purchased any magnetic stripe reader (MSR) devices to upgrade to chip-enabled EMV®. The solution provides a “plug and play” process that is as simple as unplugging the MSR device and plugging in the EMV® device. Users can then log into the Worldnet browser-based virtual terminal […]
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Tech

Saltwater Grille Solves EMV Compliance Regulations with TableSafe Technology

“With fraudulent chargebacks on the rise and the onus of liability shifting to the restaurant operators for non-EMV compliant payments, The Saltwater Grille chose to install TableSafe’s EMV-certified RAIL™ payment platform, instead of investing in an entirely new POS system. Before installing TableSafe’s platform, The Saltwater Grille was not equipped to accept EMV payments and […]
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Tech

US Payments Forum Market Snapshot: Updates on EMV Certification Timelines, Chip at the Pump, Contactless Transition and Current Forum Priorities

“Contact EMV chip technology is now well-established in the U.S. – 63% of in-store payment terminals are chip-enabled, and 68% of total transactions today are chip-on-chip. As a result, key aspects of implementation such as testing and certification processes for in-store terminals have stabilized. While merchants are continuing to upgrade existing terminals and/or obtain recertifications, […]
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Tech

NCR Becomes First Provider to Achieve Contactless EMV Certification for its OPTIC Outdoor Payment Solution

“NCR Corporation (NYSE: NCR), a global leader in omni-channel solutions, today announced it has received certification with the largest independent payment processor in the U.S. for EMV contactless payments on its Outdoor Payment Terminal, NCR OPTIC, that is targeted specifically for Convenience and Fuel Retail. EMV contact payments on the NCR OPTIC terminal were certified in […]