Chip and pin
News about Chip and pin.
September 19th, 2016
Retail giant Walmart is to stop accepting Visa credit cards at its 16 stores in the Canadian province of Manitoba, beginning 24 October 2016. Walmart Canada ceased to welcome Visa credit cards in Thunder Bay, Ontario in July. The decision follows the supermarket chain’s filing of a lawsuit against Visa in May for “allegedly forcing the retailer to let customers use signatures when paying with chip cards”.
August 25th, 2016
More than two thirds of the UK’s 16-34 year olds (67%) have used their mobile phone to make an in-store payment, research released by Worldpay reveals.
May 11th, 2016
US supermarket giant Walmart has filed a lawsuit against Visa for “allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards,” according to CNBC. “The retail giant filed a lawsuit in New York court, saying that Visa wouldn’t allow Walmart to just use the chip & PIN protocol and that it was required to allow customers to sign when using a chip debit card,” the CNBC website reports. The EMV liability shift took place across the US in October 2015.
April 19th, 2016
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month.
April 5th, 2016
UK supermarket giant Tesco’s PayQwiq mobile payments service, which lets customers pay using an Android or Apple phone by snapping an image of a QR code located at each checkout, is now live in 524 of the retailer’s stores in London and Edinburgh. Customers with a Tesco Clubcard automatically get reward points when they pay with PayQwiq, the retailer says, making checkout quicker for loyalty cardholders than paying via either contactless or chip and pin. The service has been on trial since September 2014.
February 19th, 2016
London-based startup Curve has launched a physical payment card that will let consumers store an “unlimited number” of bank cards and make contactless payments at point-of-sale terminals wherever MasterCard cards are accepted.
February 11th, 2016
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m. “The newly secured investment provides Payleven with additional growth capital,” the company says. Payleven introduced a chip and PIN reader that supports NFC in 2014.
November 30th, 2015
Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform.
November 18th, 2015
Nearly nine in ten UK consumers (85%) would like to be notified on their mobile of high value transactions and authorise the payment with a PIN code, research from myPINpad shows. 90% of frequent online shoppers also say that they would use a PIN to authorise payment via their mobile. “69% of respondents feel secure shopping in-store thanks to chip & PIN,” the company says.
October 22nd, 2015
POS payment platform provider Payworks is to enable Stripe users to accept payments via chip and PIN card readers in the UK. “UK-based merchants selling via marketplaces and platforms built on Stripe Connect will be able to use the Payworks SDK to connect card readers and instantly start accepting physical credit card payments, as well as NFC payments such as Apple Pay,” Payworks says.
August 27th, 2015
The amount that UK consumers are spending using contactless has risen 150% in the last 12 months, with the number of transactions up 134%, research from Barclaycard has revealed. Meanwhile, almost six in 10 shoppers…
August 27th, 2015
Connected device maker Coin has released a new version of its electronic magnetic stripe card that is EMV-ready and incorporates NFC, allowing users to store credit and debit cards and make both contactless and swipe payment…
August 11th, 2015
PayPal has launched the new version of its PayPal Here card reader, equipped with contactless, in the UK following its unveiling in March. The reader “accepts contactless transactions payments from Visa, Maestro and MasterCard debit/credit cards along with Apple Pay,” PayPal writes in a blog post. “The new reader is set up to process transactions through chip and pin as well as those taken by swiping the magnetic stripe.”
July 10th, 2015
Some 82% of US consumers have heard of contactless or tap-and-go payments and 69% are now using chip cards or plan to use them soon, research from MasterCard reveals. Three quarters of Americans have also…
July 2nd, 2015
More than 7,600 taxi drivers in 90 cities across the UK and Ireland can accept NFC mobile payments from passengers using the taxi-hailing app Cab:app through an mPOS gateway provided by Payworks. “Drivers are now able to accept physical Visa, MasterCard and American Express card payments directly from the Cab:app application using NFC-enabled chip & PIN card readers,” the company says, adding that frequent passengers can pay directly from the app.
May 28th, 2015
US discount retail giant Target has become the latest member of retailer-led consortium MCX to reveal its intentions to support Apple Pay, following Best Buy’s announcement that it will roll out support for the NFC mobile payments service this year. “Target CEO Brian Cornell on Wednesday said his company wants to integrate Apple Pay across its retail chain, but must first install POS technology with chip-and-pin or chip-and-signature technology,” Apple Insider reports. MCX requires members to exclusively support its own yet-to-launch CurrentC mobile payments service.
May 20th, 2015
Sweden-based mPOS provider iZettle has begun distributing a contactless-enabled terminal to select partners in the UK that will allow them to begin accepting NFC mobile payments, as well as contactless and chip and pin transactions. The Card Reader Pro Contactless terminal will be rolled out more broadly in June with other countries to follow in the “coming months”. It will retail for about £79 (US$122) with price variations depending on markets.
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.
March 2nd, 2015
PayPal is preparing to launch a new version of its PayPal Here card reader that can handle transactions with contactless cards and NFC devices. “Just like the current PayPal Here Chip and PIN reader, it…
January 14th, 2015
Fifty merchants in the German city of Hannover have signed up to accept Bitcoin payments using a terminal supplied by startup Pey, that uses a combination of iBeacon, QR code and NFC technology.