Tuesday 6 October 2015 | RSS

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News about EMV.

Under half of US small businesses aware of EMV

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.

Clear2Pay adds certified testing solutions for US move to EMV

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… More

60% of US cards to support EMV by year end

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.

One in three Americans have an EMV card

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.

Kona white paper explores HCE and tokenization

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.

Bell ID gets HCE certification from global payment schemes

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… More

Riyad Bank goes contactless with Gemalto

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… More

Square to begin shipping NFC mPOS in December

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.

Six in ten US consumers yet to receive an EMV card

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.

One in four US merchants will be EMV-ready by October deadline

September 21st, 2015

Only 27% of US merchants will be EMV-ready by the October liability shift, representing a seven percentage point decline from a 34% estimation in March, research from The Strawhecker Group (TSG) reveals. “By December 2015, 44% of US merchants are expected to adopt EMV, however, EMV-readiness will not reach a threshold of at least 90% until 2017 — more than 15 months after the shift,” the company says.

Absa Bank to pilot new Visa biometric chip card spec

September 16th, 2015

South Africa’s Absa Bank is to be the first to develop a proof of concept trial of a new Visa specification that will enable the use of biometrics to verify EMV chip card transactions. The… More

56% of US consumers unaware of EMV

September 15th, 2015

More than half of US consumers (56%) don’t know what an EMV credit card is and 53% have not yet received one, research from Harbortouch reveals. 60% of consumers with an income of $25,000-$49,999 were unaware of EMV cards compared to 26% earning $150,000 and above. “Only 50.8% feel the technology will make them more secure,” the company adds.

Nine in ten US financial institutions working on EMV

September 11th, 2015

Nine in ten US financial institutions have either begun issuing EMV debit cards or are planning to do so by the end of 2015, research from Pulse reveals. 25% of US debit cards — approximately 71m — will be migrated to chip by year-end, with this number expected to rise to 73% by the end of 2016 and 96% by the end of 2017.

Ask the Expert: HCE pioneer Doug Yeager — See it now on NFC World

September 11th, 2015

NFC World’s ‘Ask the Expert: HCE pioneer Doug Yeager’ webinar is now available to view online. 314 people registered to attend the live event and participants gave the presentation an overall rating of 4.2 out… More

18% of US Visa cards contain EMV chip

September 9th, 2015

Almost one fifth (18%) of the 720m Visa-branded credit, debit and prepaid cards in the US included an EMV chip and some 295,000 merchant locations were enabled for chip card acceptance as of July 2015, up 19% from 247,000 at the end of June 2015, Visa has told NFC World. Some 36,663 ATMs can now read EMV chip cards.

PayAnywhere reader supports Apple Pay

August 28th, 2015

Credit card processor North American Bancard has introduced a new version of its PayAnywhere mobile credit card reader, which accepts Apple Pay, contactless NFC payments and magnetic stripe credit cards. The device, which is EMV-capable and available for iOS devices, will cost US$39.95, the company says, adding it will offer merchants “$5,000 free in Apple Pay transaction processing with a new PayAnywhere account”.

Coin unveils EMV-ready Coin 2.0 with NFC

August 27th, 2015

Connected device maker Coin has released a new version of its electronic magnetic stripe card that is EMV-ready and incorporates NFC, allowing users to store credit and debit cards and make both contactless and swipe payment… More

Apple Pay gets 98% satisfaction rate for in-store purchases

August 11th, 2015

Apple Pay has gained a 98% satisfaction rate among those that have used the mobile payments service to make an in-store payment in the US, Auriemma Consulting Group’s Marianne Berry has told NFC World, adding that… More

Less than half of US small businesses aware of EMV liability shift

August 7th, 2015

Only 49% of small business owners in the US that accept point-of-sale card payments today are aware of the EMV liability shift on October 1, with just 29% intending to make the change before the deadline and 34% intending to do so afterwards. More

ABI Research paper analyses payment and banking card technology market

August 5th, 2015

A six-page excerpt from ABI Research’s Payment & Banking Card Technologies report is now available to download free of charge from the NFC World+ Knowledge Centre courtesy of Gemalto, which topped ABI’s vendor rankings in the report for the second consecutive year. More

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