Visa announced Thursday (Dec. 1) it has decided to delay the U.S. domestic automated fuel dispenser (AFD) EMV activation date from Oct. 1, 2017, to Oct. 1, 2020. In a blog post, Visa said the EMV liability shift at ATMs will still take effect as...
Visa said Monday (Nov. 21) that its latest chip data update showed 388 million Visa EMV cards in the U.S. Of those, the firm said there are nearly 181 million chip credit cards in the field and 208.3 million chip debit cards. The firm also said that there...
Merchant associations that represent tens of thousands of U.S. merchants are calling on Visa to provide steps to remedy what they say is violation of rules regarding EMV. In a press release, the group said it sent a letter to Visa CEO Charles Scharf and CEO-Designate...
It’s been a year since the EMV card reader deadline. Now, the big card companies — Visa, Mastercard, American Express and others — are all facing a class-action lawsuit brought by retailers over the new chip readers. Florida-based B&R Supermarket Inc. and Grove Liquors LLC...
EMV: The three little letters that represent the single most hotly debated and discussed topic in the U.S. payments and commerce ecosystem for nearly the entirety of the last two years. The walk to the liability shift in this market last October was technically four...
One year into the shift to chip-enabled cards — for the U.S., that is — Mastercard said on Monday (Sept. 12) that data shows a “positive impact” through the technology across stakeholders, including issuing banks, consumers and merchants. In reference to fraud — the very...
EMVCo announced a new streamlined approach to approving contactless mobile payment-enabled devices that operate with EMV Level 1 approved payment acceptance terminals. “EMVCo recognizes that the use of mobile devices to make contactless payments is growing in popularity. It is important that the payments industry...
More chip cards. More EMV terminals. A few weeks ago, Mastercard released its latest EMV data and revealed that 80 percent of its U.S. consumer credit cards are now enabled with chips, marking an 88-percent increase in chip card adoption since the Oct. 1, 2015...
The whole world started piling on EMV last week. Media reported its confusing and clunky experience at the POS and wondered why we shouldn’t just skip to mobile. Karen Webster found that POV a bit ironic, but says that it’s time to focus on the...
