News about EMV.
November 26th, 2015
PARTNER NEWS: Mexican bank BBVA Bancomer has become the first to make use of digital giant Gemalto’s Dynamic Code Verification solution. The solution replaces traditional, static three-digit security codes with a dynamic CCV/CVC that changes every 20 minutes.
November 24th, 2015
More than 30,000 Danish merchants using Verifone POS devices will now be able to accept in-store mobile payments through Swipp — a service owned and supported by a consortium of more than 70 banks. This will be made possible via a “minor upgrade” to their existing terminals and “a number” of locations are expected to go live from December 2015, according to Swipp.
November 23rd, 2015
US connected device maker Coin is piloting a rewards program that gives users of its EMV-ready electronic magnetic stripe card cashback benefits at retail locations across the Bay Area. “Coin Rewards places cash back directly into the pockets of consumers through gift cards,” Coin says. The company launched its NFC-ready Coin 2.0 in August 2015 and has recorded over 2.5m transactions across 200,000 shipped devices.
November 12th, 2015
A 24-page white paper designed to give banks, processors, OEMs, retailers and other issuers a clear overview of the evolving world of mobile payments is now available to download from the NFC World Knowledge Centre.
Kona unveils customizable payment platform that supports cards, tokens, NFC, HCE and wearable devices
October 29th, 2015
PARTNER NEWS: South Korean smart card provider Kona has unveiled the Kona Payment platform, a customizable, end-to-end solution for card issuers that supports tokenization, physical cards, mobile payments via both HCE and SIM-based secure elements,…
October 26th, 2015
EMV will become irrelevant in three to five years’ time and NFC will take over, Khosla Ventures founder Vinod Khosla has told attendees during a keynote at Money20/20. “All these backroom boys agreed on something…
October 23rd, 2015
Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device. Poynt Smart Terminals will run the PoyntOS open platform and include support for third party apps as well as mag stripe, EMV, NFC, QR and Bluetooth beacon transactions.
October 22nd, 2015
European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99. “The new contactless SumUp terminal has been specifically developed for the US and connects wirelessly to any smartphone or tablet,” the company says. The expansion comes after the company raised €10m in August 2015.
October 16th, 2015
Nearly a third (32%) of retail establishments in the US will accept contactless EMV card payments by 2019, Javelin forecasts. “In the next wave of card issuance, Javelin believes the speed and convenience offered by contactless EMV cards could be instrumental in gaining top-of-wallet status, as well as attracting and retaining more affluent customers,” says the research firm’s Michael Moeser.
October 13th, 2015
PARTNER NEWS: Digital security giant Gemalto has launched Dynamic Code Verification, a payment security solution that replaces traditional, static three-digit security codes with a time-based dynamic CVV/CVC that changes every 20 minutes and can be…
October 6th, 2015
Commuters using public transport services provided by Dallas Area Rapid Transit (DART) will soon be able to pay for travel using NFC smartphones, third-party or agency-issued transit cards and EMV contactless cards. The company has signed an estimated US$30million five-year contract with smart ticketing and payment solutions provider Vix Technology to implement the new fare payment system which will also support services including Apple Pay and Android Pay.
October 5th, 2015
Some 43% of small business owners in the US are familiar with EMV cards, Capital One’s Spark Business Barometer has found, but just a third (34%) of those were accepting EMV cards as of August 2015. 54% of those familiar with EMV are “unaware” that businesses will be liable for fraudulent charges incurred on other payment systems and 6% will increase investment in digital payment solutions such as Apple Pay.
October 2nd, 2015
PARTNER NEWS: Conformance testing specialist Clear2Pay Open Test Solutions has received certification from major payment networks for a suite of solutions and services that are designed to make it easier for US merchants, VARs and payment…
October 1st, 2015
Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017. Task Force members include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.
October 1st, 2015
More than six in ten US credit card holders don’t yet have a chip-enabled card, a survey conducted by CreditCards.com with Princeton Survey Research Associates International reveals. “Just 32% of respondents said they have a credit or debit card with a smart chip,” the company says. The findings come as the EMV liability shift takes place across the US today.
October 1st, 2015
‘The Evolution of Host Card Emulation and Tokenisation’, a 15-page white paper produced by South Korea-based smart card and mobile payment solution provider Kona International, is now available to download from the NFC World Knowledge Centre. The paper provides an overview of the evolution of card payments from magnetic stripe cards to EMV, contactless cards, NFC, host card emulation (HCE) and tokenization and posits that HCE with tokenization will ultimately become “the order of the day” in both the developed and developing world.
September 30th, 2015
PARTNER NEWS: Mobile payments specialist Bell ID’s host card emulation (HCE) solution has been certified by three of the largest global payment schemes, the company has announced, making it the first vendor to receive approval…
September 29th, 2015
PARTNER NEWS: Saudi Arabia’s Riyad Bank is migrating its entire portfolio to digital security giant Gemalto’s Clarista Contactless EMV card — powered by the industry-standard Multos operating system — making it the country’s first contactless…
September 25th, 2015
Mobile POS provider Square will begin shipping its EMV and contactless chip card reader in December 2015. “If you preorder a contactless and chip card reader, Square’s Liability Shift Protection is available to you for free, from the moment you preorder until your reader arrives,” the company says. Square unveiled the NFC mPOS terminals during Apple’s WWDC in June 2015 and offered the first 250,000 free of charge.
September 22nd, 2015
Close to six in ten US consumers (59%) have not yet got an EMV card and only 32% of those who have are aware that the US is moving to EMV payments, ABI Research has found. “67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them,” the company adds.