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EMV

News about EMV.

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

Verifone and Samsung to offer Android mPOS

January 13th, 2015

Verifone and Samsung have announced a global partnership to deliver Android-based mobile point of sale (mPOS) solutions to multi-lane and enterprise retailers. The initial offering is due to be introduced later this year and will include a Samsung Galaxy Tab Active tablet and support for EMV, NFC, beacon and magnetic stripe payments.

EMVCo publishes guide to EMV chip technology

November 25th, 2014

EMVCo has published A Guide to EMV Chip Technology, a report that provides an introduction to the EMV specifications and processes as well as the role of the technology within the wider payments industry. “Of particular interest to parties migrating to EMV Chip, it summarises implementation considerations for issuers, acquirers and merchants, as well as the responsibilities of EMVCo and its ongoing activity to advance the technology,” the standards body explains.

Westpac NZ offers NFC stickers

November 17th, 2014

Westpac New Zealand is to offer customers contactless stickers they can attach to the back of their mobile phone to make NFC payments at more than 15,000 contactless POS terminals across the country. “The Optelio contactless sticker embeds a secure EMV microprocessor that will be linked to Westpac customers’ credit or debit cards,” supplier Gemalto says.

Softcard picks Muppet mascot for online advertising campaign

November 14th, 2014

US carrier mobile payments venture Softcard has unveiled Tappy, a mascot designed by the company behind The Muppets that will be used initially in an online advertising blitz reported to be valued at US$1.5m. More

Visa CEO: We may not charge a fee for tokenization

November 14th, 2014

Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in… More

EMV hits nearly 30% of global card-present transactions

November 4th, 2014

Almost 30% of all card-present transactions conducted globally between July 2013 and June 2014 used the EMV chip card standard, EMVCo has revealed, with the highest usage in Western Europe and the lowest in the… More

Chase and Vantiv to offer Poynt POS

November 4th, 2014

Chase Paymentech and Vantiv, two of the largest payment processors in the US, have signed up to distribute the former head of Google Wallet’s new Poynt POS terminal to their merchant bases. The device, unveiled by Osama Bedier’s startup last week, supports magnetic stripe, EMV, NFC, QR codes and Bluetooth beacon technology.

Bedier unveils Poynt POS

October 31st, 2014

The former head of Google Wallet has unveiled a payment terminal supporting mag stripe, EMV, NFC, QR codes and beacon technology with no add-ons or dongles needed. Poynt is both a stylish POS terminal and the name of the startup behind it. “We wanted to make sure this device would keep up with the rapidly changing payments landscape,” says Osama Bedier. “We call upon banks and developers to join us in this mission to do for merchants what smartphones have done for consumers — usher in a new chapter of commerce.”

Kili puts mPOS in a chip

October 31st, 2014

Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015.

SimplyTapp launches open source tokenization project

October 24th, 2014

A new open source software project designed to help banks offer tokenized card payments has been launched by HCE specialist SimplyTapp. “We feel the accessibility and control of current offerings are pretty restrictive and there… More

Bell ID offers tokenization management software

October 23rd, 2014

PARTNER NEWS: Payment credential management specialist Bell ID has introduced Tokenization Manager, a software solution that can be used by token requesters such as card issuers to manage payment tokens, by digital wallet providers to… More

Amex commits $10m to EMV upgrades

October 20th, 2014

American Express is to launch a US$10m Small Merchant EMV Assistance Program in February 2015 to drive adoption of EMV. “We know from speaking with our smallest merchants that they are too busy running the day-to-day operations of their businesses to keep up with the constantly changing fraud landscape,” says Amex’s Anré Williams. “We’re launching this program to help educate small merchants about point-of-sale security and offset the cost of upgrading their terminals.”

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