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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 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.

Worldpay tests facial recognition for payments in stores

October 1st, 2015

UK-based payment processor Worldpay is conducting trials of a facial biometric verification system for payments in stores, using a prototype device that includes an upward-facing camera embedded into a POS terminal. The PED Cam (PIN… More

Three in four Poles aware of NFC mobile payments

September 30th, 2015

Nearly three quarters of Polish consumers (74%) are aware of NFC mobile payments and 4% are using them, research conducted by ARC Rynek i Opinia for SIA reveals. 96% have heard of contactless payments and credit cards and 41% perceive them to be the most “modern”, followed by mobile payments (36%), payment cards or online bank transfers (35%).

Cyber experts unsure of mobile payment security

September 28th, 2015

Just one in four cybersecurity experts (23%) believe that mobile payments are secure and can keep personal information safe, the 2015 Mobile Payment Security Study from IT professional association ISACA has found. 47% say mobile payments are not secure and 30% are unsure. “87% expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015,” the association says.

Three in four Android users would use an NFC payments service

September 25th, 2015

More than three quarters of Android users (78%) would use a service similar to Apple Pay if it became available to them, a survey conducted by Helixion has found. Overall, half of the 450 respondents… More

40% of UK Apple device owners have used Apple Pay

September 23rd, 2015

Four in ten UK consumers with an Apple Pay compatible device (40%) have used the mobile payment service to pay for goods or services since its launch in July 2015 and 15% feel that the… More

Indian mobile wallet market to reach US$6.6bn by 2020

September 23rd, 2015

India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals. “The mobile wallet market in India is projected to exhibit exponential growth during the forecast period on account of rising smartphone penetration rate, growing mobile internet user base and increasing government support,” the company says. “Mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users.”

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.

80% of Brits have used alternative payment methods this year

September 17th, 2015

Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by has found. 4% have made an NFC mobile payment,… More

Canadian contactless transactions grow 150%

September 16th, 2015

The number of contactless transactions conducted in Canada has increased by almost 150% over the past year, fuelled in part by the rapid roll-out of Interac Flash cards, research from Technology Strategies International shows. “The mobile payments landscape in Canada will change dramatically within the next five years, with about two thirds of the smartphones in Canada having NFC capability by 2019,” the company adds.

13% rate Apple Pay as best Apple Watch feature

September 15th, 2015

More than one in ten Apple Watch owners (13%) voted Apple Pay as the feature they like best about their device, 451 Research has found. Notifications were top with 49%, followed by health and fitness monitoring (41%), aesthetics/design (30%), touch screen (20%), ease of use (18%) and user interface (17%).

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.

Half of Canadian bankers not yet ready for mobile payments

September 11th, 2015

Nearly half of Canadian banking executives (46%) do not think they have the IT infrastructure systems and processes in place to meet present and future customer expectations for mobile payments, research from telecommunications provider CenturyLink reveals. “70% said they don’t have the infrastructure in place, or it needs improvement, for digital channels,” 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.

13% of UK consumers have made an in-store mobile payment

September 11th, 2015

Some 13% of UK consumers have made an in-store mobile payment, up from 3% last year, Deloitte’s Mobile Consumer 2015 report reveals. 1% do so once or twice per day, 2% do so several times a week, 2% do so once a week and 4% do so less often than once a week while 4% have only ever used it once or twice.

European contactless payments up 170%

September 8th, 2015

Contactless transactions grew by almost 170% year-on-year in Q2 2015 across Europe and consumers already using contactless tapped 20% more often, research from MasterCard reveals. “Contactless spend tripled in Europe compared to Q2 2014,” the company says. “In Q2 2015, 1 out of 2 contactless transactions were done at food stores, followed by 14.5% at restaurants and bars and 10% at retail stores.” MasterCard will make high value contactless payments available across Europe by 2017.

Engineers trial wireless communication via human body

September 3rd, 2015

Electrical engineers at the University of California San Diego have demonstrated a new wireless communication technique that works by sending magnetic signals through the human body. More

Brits spend £2.5bn with contactless in first half of 2015

September 1st, 2015

More than £2.5bn (US$3.8bn) was spent using contactless cards in the UK in the first half of 2015 compared to £2.32bn (US$3.55bn) for the whole of 2014, research from The UK Cards Association reveals as… More

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