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    EMV

    News about EMV.

    Proxama joins the NFC World partner program

    February 1st, 2016

    NFC World is pleased to welcome NFC and mobile payments pioneer Proxama as a member of its partner program. The company was involved in some of the world’s first NFC payments projects and now offers… More

    US EMV shipments to hit 617m units in 2016

    January 27th, 2016

    EMV shipments in the US will reach approximately 617m units in 2016, ABI Research predicts. “In 2017, shipments are forecast to dip by approximately 5% with later shipments likely to settle within the 600 and 615m range,” says senior analyst Phil Sealy. “EMV migration in the US ramped up quickly, with market penetration likely to hit close to 100% over the next two years.”

    Contactless travel on every UK bus by 2022?

    January 13th, 2016

    Contactless travel could be in place on every bus in Britain by 2022 under a multi-million-pound plan being developed by five major bus operators. Stagecoach, First Bus, Go-Ahead, Arriva and National Express are working together to produce a business case which is expected to be completed by late spring 2016. More

    NXP unveils NFC frontend for contactless payment readers

    January 4th, 2016

    PARTNER NEWS: NXP has launched a new NFC frontend for contactless payment readers that simplifies the work needed to gain certification and delivers four times more output power than its previous model. The PN5180 supports… More

    One in three card transactions now EMV

    December 21st, 2015

    One in three of all card-present transactions made globally between July 2014 and June 2015 used EMV chip technology, research from EMVCo shows. 97% of card-based payments in Europe Zone 1 used EMV, followed by 87% in Latin America, 84% in Africa and the Middle East, 65% in Europe Zone 2 and 34% in Asia. “The US is just beginning to establish its EMV infrastructure with EMV chip payments accounting for less than 1% of transactions during this reporting period,” EMVCo says.

    NFC Forum pushes for NFC at the point of sale

    December 3rd, 2015

    A six-page white paper that explores whether US retailers are prepared to make the most of the shift to EMV and mobile payments is now available to download from the NFC World+ Knowledge Centre. “Caught between risks and opportunities, many retailers, large and small, have yet to decide about the future of their payment systems,” says the NFC Forum which produced the ‘US Retailers: Why you’re not as ready as you think for today’s retail payments migration’ paper.

    One in five US consumers have used an EMV card

    November 30th, 2015

    21% of US consumers have now used an EMV card, with the highest adoption rates among 25-34 year olds (25.3%), research from Harbortouch shows. “One in five consumers consider transaction time as their top concern,” the company says. “67% of people still believe that traditional swipe cards are the fastest method available. Nearly four times as many survey respondents are more worried about speedy processing times over chip card security or availability of EMV terminals.”

    BBVA Bancomer deploys time-based dynamic CCV/CVC in mobile wallet

    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. More

    Swipp contactless payment opens up to 30,000 Danish merchants through Verifone deal

    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. More

    Coin launches cashback incentive

    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.

    Gemalto assesses the mobile payments landscape

    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. More

    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,… More

    Khosla predicts NFC will replace EMV cards in three to five years

    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… More

    Poynt raises $28m for smart POS terminal

    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.

    SumUp expands to US

    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.

    32% of US retailers to accept contactless by 2019

    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.

    Gemalto tackles card-not-present fraud with dynamic CVV codes

    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… More

    DART to implement NFC fare payment system

    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.

    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

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