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    EMV

    News about EMV.

    In-store mobile payments take 0.6% Black Friday share

    November 30th, 2016

    In-store mobile payments accounted for 0.6% of transactions made on Black Friday in the US, research released by payment technologies provider Cayan reveals. California recorded the highest use of mobile payments with 1%, while Wyoming recorded the lowest with 0.05%. EMV cards represented 55% of all Black Friday transactions, while magnetic stripe cards took a 34% share.

    Visa reports EMV increase in US

    November 23rd, 2016

    There are now 388.8m Visa EMV cards circulating in the US, 180.6m of which are credit cards and 208.3m debit cards, the payment network has revealed. “More than 1.7m merchants are now accepting chip cards, a 191% increase in the last year,” the company says. “There were more than three quarters of a billion Visa chip transactions in October, a 453% increase over last year. Chip-ready merchants now represent 41% of Visa’s in-store payment volume.” The US became Visa’s largest chip card market in the world last month.

    Stagecoach to deliver contactless payments on all its UK buses by 2018

    October 20th, 2016

    Britain’s biggest bus operator Stagecoach will install contactless payment technology on all of its regional bus services across the UK by the end of 2018, allowing passengers to pay for travel with a contactless credit or debit card, as… More

    Yes Bank unveils iris scan PoS

    October 18th, 2016

    India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.

    Beyond OEM Pay webinar — See it now on NFC World

    October 13th, 2016

    NFC World’s ‘Beyond OEM Pay: Mobile payment strategies for banks’ webinar is now available to view online. More than two hundred people signed up to take part in the live event and participants gave the… More

    US now Visa’s biggest EMV market

    October 3rd, 2016

    There are now more than 1.46 million chip-enabled businesses and 363 million chip-enabled Visa cards in the US, making it the largest Visa chip card market in the world, the company has revealed. “The number of Visa chip transactions surpassed half a billion in the month of August, representing a 1,000+ percent annual increase,” the payment network says.

    Join NFC World for a free webinar to learn how banks can deliver differentiated mobile strategies

    September 16th, 2016

    NFC World will host a free webinar on Thursday 13 October exploring how financial institutions can take control of their own mobile payment strategies to move beyond standard handset maker and card network schemes and… More

    Mastercard reports strong US EMV uptake

    September 13th, 2016

    Nearly nine in ten Mastercard US consumer credit cards (88%) contained chips as of July 2016, representing a 105% increase in chip card adoption since the October 2015 liability shift, the payment network has revealed. “The company also sees 2m chip-active merchant locations on its network, a 468% increase in chip terminal adoption since 1 October 2015,” Mastercard says. “Two million merchants represent 33% of all US merchants.”

    NFC Ring circles the globe

    August 24th, 2016

    NFC Ring has made its payments ring available to order worldwide, enabling wearers to make purchases with a tap of their finger at any contactless terminal.  More

    EMVCo to certify mobile devices for NFC and HCE payments

    August 18th, 2016

    EMVCo has introduced a formal industry testing and certification process for contactless mobile payment devices. The new process “incorporates Level 1 tests traditionally managed by the individual payment systems,” the payments standards body says, “bringing… More

    Three quarters of US retailers plan to accept Apple Pay before 2018

    August 16th, 2016

    More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals.  More

    Wristbands speed Olympic visitors onto Rio transport

    August 10th, 2016

    PARTNER NEWS: Visitors to the Rio 2016 Olympic and Paralympic Games are paying for journeys on buses, ferries and trains across the city with NFC wristbands provided by digital security giant Gemalto and public transportation ticketing operator RioCard. More

    Mastercard sees US EMV growth

    August 10th, 2016

    Eight out of ten Mastercard US consumer credit cards now include chips, representing an 88% increase in EMV adoption since the October 2015 liability shift. “The company also sees 1.7m chip-active merchant locations on its network, representing nearly 30% of the US merchant population and a 374% increase in chip terminal adoption since 1 October 2015,” Mastercard says.

    Visa reports EMV uptake in the US

    July 21st, 2016

    There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported. “The US added more than 100,000 chip-enabled merchant locations in June, bringing the total to 1.3m, or about 28% of the total merchant population,” the payment network says. “More than three-quarters of those chip-ready locations are small and medium-sized businesses. In June, one in four dollars spent in-store on a Visa card was spent with a chip card in a chip terminal.” The number of Visa chip payment transactions hit 483m in June.

    EMVCo and the Fido Alliance to review authentication standards

    July 12th, 2016

    EMVCo and the Fido Alliance have signed a memorandum of understanding (MoU) to review how Fido authentication standards can support EMV payment use cases. “A key aim of the initiative is to investigate providing simpler and stronger authentication for cardholders making mobile payments using on-device authenticators such as biometrics,” EMVCo says. “Initial activities will explore how Fido’s authentication protocol can be used to support EMVCo’s cardholder verification technology.”

    NFC mobile payment users tip more, says Square

    July 8th, 2016

    Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale. More

    Printec to offer Proxama mobile payments solutions in Central and South-Eastern Europe

    July 7th, 2016

    PARTNER NEWS: Digital payment solutions provider Proxama is to supply transaction automation solutions provider Printec Group with its NFC mobile payment, PIN management, tokenization and EMV enablement solutions across Central and South-Eastern Europe. More

    White paper explores payment industry in Bangladesh

    July 6th, 2016

    A 29-page white paper that explores the payment industry of Bangladesh and includes a detailed examination of its current systems, the evolution of alternative payment methods and the uptake of NFC, tokenization and EMV is now available to download from the NFC World+ Knowledge Centre. More

    Kroger sues Visa over EMV authentication

    June 28th, 2016

    US supermarket chain Kroger has filed a lawsuit against Visa for allowing customers to verify EMV purchases with a signature instead of a PIN. “Kroger said the dispute began after it was informed by Visa that the configuration of its new terminals didn’t comply with Visa’s rules,” The Wall Street Journal reports. “Visa’s rules require merchants to allow customers to choose between a PIN and a signature verification.” Walmart also sued the payment network for its EMV signature authentication option in May 2016.

    Discover joins effort to speed up EMV checkout

    June 24th, 2016

    Discover has unveiled Discover Quick Chip, a new option for merchants to streamline the checkout process when customers pay with cards. “Discover Quick Chip will reduce the time a chip card needs to remain in the point of sale terminal, making the checkout process more convenient for merchants and cardholders,” the card network says. American Express also unveiled a similar offering earlier this month. Visa originally unveiled a feature designed to streamline EMV transactions in April 2016, closely followed by MasterCard.

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