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    EMV

    News about EMV.

    Guide introduces how Android Pay works

    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.

    Visa EMV transactions pass 1bn in the US

    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.

    Mastercard tests biometric payments card in South Africa

    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”. More

    US Payments Forum offers card-not-present fraud advice

    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.

    Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals

    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. More

    EMV card shipments grow less than 1% in 2016

    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.”

    Proxama signs South African EMV deal

    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.

    CPI Card Group and Proxama to offer innovative mobile and EMV payments services in North America

    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… More

    Dejamobile joins the NFC World partner program

    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… More

    STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions

    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… More

    Two fifths of global card-present payments use EMV standard

    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… More

    In-store mobile payments take 0.6% Black Friday share

    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.

    Visa reports EMV increase in US

    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.

    Stagecoach to deliver contactless payments on all its UK buses by 2018

    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… More

    Yes Bank unveils iris scan PoS

    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”.

    Beyond OEM Pay webinar — See it now on NFC World

    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… More

    US now Visa’s biggest EMV market

    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.

    Join NFC World for a free webinar to learn how banks can deliver differentiated mobile strategies

    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… More

    Mastercard reports strong US EMV uptake

    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.”

    NFC Ring circles the globe

    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.  More

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