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EMV

News about EMV.

Global payments company to launch biometric cards with fingerprint scanner

June 30th, 2015

An undisclosed global payments company is to incorporate bendable fingerprint sensors into smart cards as part of a worldwide program to be rolled out in partnership with Norwegian biometrics provider Idex. “Idex’s unique, patented off-chip… More

2.2bn NFC-enabled handset shipments by 2020, IHS Technology predicts

June 30th, 2015

Shipments of NFC-enabled handsets will increase to 756m in 2015, up from 444m last year, rising to 2.2bn by 2020, IHS Technology has forecast. The research firm adds NFC is “finally coming of age and… More

Gemalto predicts fast uptake of Apple Pay in the UK

June 15th, 2015

PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”

Ericsson and Verifone bring NFC mobile payments to developing world

June 12th, 2015

Swedish telecoms giant Ericsson has partnered with Verifone Mobile Money to add support for NFC and contactless payments to its mobile commerce platform, enabling its carrier customers in emerging markets to add in-store mobile payments… More

Two in three US POS terminals to be EMV by 2020

June 9th, 2015

The installed base of EMV terminals in the US will reach about 65% by the end of 2020, a new report from GrowthPraxis has found. The installed base of mobile point-of-sale (mPOS) terminals is expected to… More

Clear2Pay gets Visa confirmation as CVES provider

May 22nd, 2015

PARTNER NEWS: Conformance testing specialist Clear2Pay has been approved by Visa for its Chip Vendor Enabled Service (CVES) to help streamline and support the deployment of EMV-enabled contact and contactless payment devices in the US…. More

EMV claims 32% of global card-present transactions

May 7th, 2015

Some 32% of all chip card-present transactions conducted globally between January and December 2014 used the EMV chip card standard, EMVCo has revealed, with adoption rates of EMV payment cards increasing in every region worldwide to total 3.4bn by the end of last year. More

Chip and PIN faces slow take-up in US, says Forrester

May 1st, 2015

EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.

Bell ID reports 75% growth in orders

March 24th, 2015

PARTNER NEWS: Orders are up 75% year-on-year at HCE and tokenization specialist Bell ID, the company reports, “with 90% of all new orders and requests for proposals focusing on mobile solutions.” The growth in sales… More

Finnish banks add HCE payments to Pivo mobile wallet

March 16th, 2015

Finland’s largest financial services group is to add support for HCE payments to the mobile wallet app it introduced two years ago. OP’s Pivo wallet has been downloaded more than 500,000 times and allows customers… More

Square buys mPOS developer Kili

March 12th, 2015

Square has bought Kili Technology, the Canada-based mPOS startup that acquired NFC-on-microSD pioneer DeviceFidelity in November 2014. Together, says Square, “we’ll continue to lead the way in delivering simple and affordable hardware that gives our sellers a smarter and safer way to do business”.

Visa Europe expands on customised tokenization plans, will go live mid-April

March 5th, 2015

“Tokenization does a couple of things brilliantly; one is it really helps on facilitating innovation, facilitating the use, for example, of mobile phones for payments,” Visa Europe’s Sandra Alzetta told NFC World following the payment… More

Six in ten US terminals to support EMV chip cards by year end

February 19th, 2015

About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,”… More

NXP offers pre-validated NFC mPOS module

February 9th, 2015

PARTNER NEWS: An mPOS module that provides developers with “a complete hardware and software reference demonstrator for secure near field communication enabled mobile point of sale solutions” has been developed by NXP in partnership with… More

Contactless payment card shipments grow 35%

February 6th, 2015

Four out of every 10 smart payment cards shipped in 2014 (40%) were contactless, representing a year-on-year growth of 35% with much of the increase driven by Europe and Asia, the Smart Payment Association’s annual review of… More

MasterCard moves towards MasterPass tokenization

February 3rd, 2015

MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on… More

ATM operators report on EMV readiness

February 3rd, 2015

More than six in ten (61%) US ATM operators expect “the vast majority” of their network will be capable of handling EMV transactions by the end of 2016, the ATM Industry Association has revealed. “As of the end of 2014, 65% of respondents report having at least one ATM capable of handling EMV transactions,” the survey found.

Payment security tops retailer priorities

January 22nd, 2015

More than 63% of US retailers have included payment security among their top three priorities for 2015 in a survey by Boston Retail Partners, with 650% more retailers planning to support EMV by October. “Recent data breaches at several top retailers, high-profile hacking, plus the looming October 2015 deadline shifting credit card liability back to the retailer for those not compliant with EMV policies seem to be likely causes,” the firm explains.

Most US retailers won’t be ready for EMV

January 22nd, 2015

More than half of all US retailers (55%) are still not fully prepared for the migration to EMV despite the impending October deadline, a survey for ACI Worldwide has revealed. Some 14% still have work to do, 19% are not prepared and 22% are still evaluating their options. “Just 12% of retailer respondents are already compliant, while 19% are confident they will meet the October deadline,” the survey found.

US consumers call for more retailers to accept mobile payments

January 13th, 2015

More than half (53%) of US consumers think it is important for more retailers to install devices that enable them to pay with their smartphones, a Verifone survey conducted by Wakefield Research has revealed, with… More

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