Today, Mastercard announced 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 EMV liability shift. The company also reported that, in its network, there are now...
Oberthur Technologies (OT), an embedded security software products and services company, announced on Monday (Aug. 1) a partnership with India’s third-largest bank, Axis Bank, to offer the first open-loop EMV contactless smart cards. The cards will be used for public transportation in Bengaluru, the third...
As of the end of last month, Visa reported that there are now 326.8 million chip cards in the U.S. market — a number that outweighs the actual number of residents in the country. The card network’s latest data shows that the U.S added more...
By this October, consumers may be seeing less ATMs available at their local bar or corner store. Chicago Tribune reported on Tuesday (July 5) that, with the looming deadline for ATM owners in the U.S. to ensure their machines can accept chip-enabled cards, many cash-machine...
Kroger Co. is suing Visa Inc. over EMV PIN debit-card transactions, claiming that the card network threatened them with increased fees and eliminating debit acceptance capacity in-store, if the nation’s largest grocer refused to abide by Visa’s stated EMV rules. Visa informed Kroger their machines are...
Global technical body EMVCo has released its updated report on the number of EMV chip payment cards, saying that the figure has increased 1.4 billion in a year’s time. That brings the total at the end of 2015 to 4.8 billion across the world. EMVCo...
“Quick Chip” seems to be the trendiest phrase in the financial services industry when it comes to EMV migration. Following similar advancements from Visa, MasterCard and American Express, Discover has launched Discover Quick Chip in order to improve checkout experience and provide merchants a method...
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. This move is aimed at helping merchants limit their fraud losses, and as of the end of August of this year,...
Visa is the first to admit that a lot of progress has been made in the U.S. EMV migration over the last seven months. Today, there are 300 million chip cards in circulation and 1.2 million EMV merchant locations. It’s also the first to say that...
