What's New in Payments

Visa reports 80% drop in card-present fraud at US chip-enabled merchants

Chip technology helped reduce counterfeit fraud by 80% — Visa — “Since the EMV shift, the adoption of chip technology has reduced card present (CP) counterfeit payment fraud by 80% at chip-enabled merchants… Over 3.1m merchant locations are now accepting chip cards… 98% of overall US payment volume in December was on EMV cards.”



What's New in Payments

Six in ten card present transactions are now made with an EMV chip card

59% of card-present transactions globally use EMV chip technology — EMVCo — “58.9% of card-present contact and contactless transactions globally were EMV-enabled between July 2016 and June 2017. This represents an increase over the prior year, when 42.4% of transactions were EMV-enabled… The United States experienced the largest year-over-year increase, with 31.4% of transactions being EMV-enabled, compared to 7.2% in the same period the prior year.”







What's New in Payments

How Apple will generate revenues from mobile payments begins to become clear

Apple Watch

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional security to Apple Pay transactions, it is now becoming clear — giving Apple the ability to negotiate special deals with card issuers that will generate new revenues for the Cupertino company... More