News about EMV.
April 27th, 2017
PARTNER NEWS: A seven-page guide that explores how Google’s Android Pay mobile payments platform works and why the service is beneficial to both consumers and banks is now available to download from the NFC World Knowledge Centre. ‘What is Android Pay & how does it work?’ has been produced and sponsored by Rambus and looks at where Android Pay is available today and how it’s positioned for wider deployment and integration throughout 2017.
April 25th, 2017
US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous. “The number of chip-enabled merchant locations in the country reached two million, representing 44% of stores that accept Visa,” Visa says. There are now more than 421m Visa chip cards across the US, representing 58% of all Visa cards.
April 20th, 2017
Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”.
March 24th, 2017
The US Payments Forum has published a survey of card-not-present (CNP) fraud worldwide to help the US payments industry assemble “layered, effective and systematic” mitigation strategies. “While many attribute the rise in CNP fraud seen in other countries to the implementation of EMV chip technology, there are other factors such as the rapid growth of online sales and the fact that fraud prevention tools have not been fully adopted and implemented by all stakeholders,” says the trade body’s Randy Vanderhoof.
March 24th, 2017
The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World.
February 20th, 2017
Global EMV payment card shipments increased by less than 1% year-on-year in 2016, reaching nearly 3bn, ABI Research says. “Between 2012 and 2015, the market became accustomed to annual growth rates in the 20% to 35% range, as first China and then the US began their respective migration programs,” the research firm adds. “But, as overstocking paired with near saturation points hit both countries simultaneously, orders significantly slowed.”
February 7th, 2017
PARTNER NEWS: Proxama has signed a five-year contract with a “leading South African insurance and financial services provider” for the supply of in-house EMV card issuing, PIN management and card life cycle management. “The customer will benefit from Proxama’s in-depth experience of smart card deployments in South Africa and around the world,” says the company’s Patrick Regester.
January 24th, 2017
PARTNER NEWS: Payments solutions provider CPI Card Group has chosen to use technology supplied by digital payments solution provider Proxama to deliver “innovative financial and payments products” to its North American customer base, including mobile…
January 9th, 2017
NFC World today welcomes mobile payments solution provider Dejamobile as a member of our partner program. Founded in 2012 by technical experts who pioneered NFC payments at Orange Labs, Dejamobile specialises in the provision of…
December 23rd, 2016
PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market…
December 14th, 2016
More than two fifths of all card-present transactions conducted globally (42%) between July 2015 and June 2016 used the EMV chip card standard, up from 33% for the previous 12-month period, standards body EMVCo has…
November 30th, 2016
In-store mobile payments accounted for 0.6% of transactions made on Black Friday in the US, research released by payment technologies provider Cayan reveals. California recorded the highest use of mobile payments with 1%, while Wyoming recorded the lowest with 0.05%. EMV cards represented 55% of all Black Friday transactions, while magnetic stripe cards took a 34% share.
November 23rd, 2016
There are now 388.8m Visa EMV cards circulating in the US, 180.6m of which are credit cards and 208.3m debit cards, the payment network has revealed. “More than 1.7m merchants are now accepting chip cards, a 191% increase in the last year,” the company says. “There were more than three quarters of a billion Visa chip transactions in October, a 453% increase over last year. Chip-ready merchants now represent 41% of Visa’s in-store payment volume.” The US became Visa’s largest chip card market in the world last month.
October 20th, 2016
Britain’s biggest bus operator Stagecoach will install contactless payment technology on all of its regional bus services across the UK by the end of 2018, allowing passengers to pay for travel with a contactless credit or debit card, as…
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
October 13th, 2016
NFC World’s ‘Beyond OEM Pay: Mobile payment strategies for banks’ webinar is now available to view online. More than two hundred people signed up to take part in the live event and participants gave the…
October 3rd, 2016
There are now more than 1.46 million chip-enabled businesses and 363 million chip-enabled Visa cards in the US, making it the largest Visa chip card market in the world, the company has revealed. “The number of Visa chip transactions surpassed half a billion in the month of August, representing a 1,000+ percent annual increase,” the payment network says.
September 16th, 2016
NFC World will host a free webinar on Thursday 13 October exploring how financial institutions can take control of their own mobile payment strategies to move beyond standard handset maker and card network schemes and…
September 13th, 2016
Nearly nine in ten Mastercard US consumer credit cards (88%) contained chips as of July 2016, representing a 105% increase in chip card adoption since the October 2015 liability shift, the payment network has revealed. “The company also sees 2m chip-active merchant locations on its network, a 468% increase in chip terminal adoption since 1 October 2015,” Mastercard says. “Two million merchants represent 33% of all US merchants.”
August 24th, 2016
NFC Ring has made its payments ring available to order worldwide, enabling wearers to make purchases with a tap of their finger at any contactless terminal.