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EMV

News about EMV.

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

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

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