“Selling boxes is an unpredictable thing,” Paul Galant, chief executive of VeriFone Systems Inc., told stock analysts Thursday afternoon. Seldom has that been truer for terminal kingpin VeriFone than now, when an unexpected slowdown in EMV adoption by small and medium-size merchants has cut into the company’s sales and hurt …

The influence of fraud prevention on checkout and customer experience is often underestimated because the two priorities seem unrelated. But as EMV has shown, that’s not the case. EMV adoption is progressing, but there’s still a long way to go, particularly as regards customer experience. In fact, the shift to …

The U.S. EMV transition that began in earnest last October has brought with it a lot of pain, but few issues have been more agonizing for merchants than the flood of chargebacks they’re seeing for the first time. Now estimates are emerging that begin to quantify that pain. Some 14.7 …

By Jim Daly @DTPaymentNews If there’s one thing about EMV chip card payments that always works, it’s their ability to elicit strong feelings from those in the payments industry. It happened once again on Wednesday, when attendees at the Mobile Payments Conference 2016 in Chicago met for a closing panel …

By Kevin Woodward@DTPaymentNews A vital measure of the U.S. payment card industry’s migration to EMV chip transactions is advancing smartly for mobile point-of-sale provider CardFlight Inc. New York-based CardFlight says 46% of the transactions processed via its gateway in June were made with chip cards using EMV readers. That’s an …

By Jim Daly@DTPaymentNews The ATM Industry Association on Monday issued a position paper that once again calls for freedom for deployers to set variable surcharges. The Sioux Falls, S.D.-based trade group took that stance a decade ago, but the coming of EMV chip cards to the U.S. makes the surcharging …

• VeriFone Systems Inc. released an updated version of the EMV application for point-of-sale terminals used on processor Total System Services Inc.’s network that now includes EMV tip adjust among other functions. • ClickBid, a provider of mobile-bidding technology, says it is using hosted fields from Braintree, a unit of PayPal …

A streamlined approval for contactless mobile-payment devices announced Wednesday by chip card standards body EMVCo could help mobile-payments boosters realize their elusive dream that the coming of chip cards to the U.S. also will lift smart-phone-based payments. The new approval process is meant to confirm that mobile devices enabled for …

By Kevin Woodward@DTPaymentNews No bones about it, adding EMV payment card acceptance to point-of-sale systems has been a challenge for retailers. Seventy-six percent of them, in the inaugural “State of Retail Payments 2016” study, said EMV implementation was their top challenge in the past 12 months. Other top challenges from …

By John Stewart@DTPaymentNews The U.S. EMV transition that began in earnest last October has brought with it a lot of pain, but few issues have been more agonizing for merchants than the flood of chargebacks they’re seeing for the first time. Now estimates are emerging that begin to quantify that …