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... More
EMV
Poynt raises $28m for smart POS terminal
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... More
SumUp expands to US
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... More
32% of US retailers to accept contactless by 2019
Nearly a third (32%) of retail establishments in the US will accept contactless EMV card payments by 2019, Javelin forecasts... More
Gemalto tackles card-not-present fraud with dynamic CVV codes
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 displayed on a customer’s mobile device or a display-enabled payment card... More
DART to implement NFC fare payment system
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... More
Under half of US small businesses aware of EMV
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... More
Clear2Pay adds certified testing solutions for US move to EMV
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 processors to add support for EMV to POS terminals... More
60% of US cards to support EMV by year end
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... More
One in three Americans have an EMV card
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... More
Kona white paper explores HCE and tokenization
‘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... More
Bell ID gets HCE certification from global payment schemes
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 from all three schemes for its HCE platform... More
Riyad Bank goes contactless with Gemalto
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 payment method... More
Square to begin shipping NFC mPOS in December
Mobile POS provider Square will begin shipping its EMV and contactless chip card reader in December 2015... More
Six in ten US consumers yet to receive an EMV card
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... More
One in four US merchants will be EMV-ready by October deadline
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... More
Absa Bank to pilot new Visa biometric chip card spec
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... More
56% of US consumers unaware of EMV
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... More
Nine in ten US financial institutions working on EMV
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... More
Ask the Expert: HCE pioneer Doug Yeager — See it now on NFC World
NFC World’s ‘Ask the Expert: HCE pioneer Doug Yeager’ webinar is now available to view online... More