When the big card networks this spring postponed until April 2021 the fraud-liability deadline for EMV chip cards at gas pumps, the retail fuel industry heaved a huge sigh of relief. But now estimates are emerging that indicate even relatively small gas-station operators that don’t enable their pumps for EMV …
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Shift4 Launches QR Pay; 7-Eleven’s Mobile Fuel Payment Gambit; Amadis Announces EMV Tool for Petroleum
Amadis Announces EMV Tool for Petroleum and other Digital Transactions News briefs from 6/24/20
Amadis, a payment software provider, announced an EMV migration product for petroleum and convenience stores. In conjunction with Advanced Mobile Payment Inc. and Texas Engineering Consulting Systems and Services, Amadis developed a proprietary Android-based contactless pay-at-the-pump product that decouples the fuel pump dispenser from the point-of-sale system, enabling payment authorization to take …
Read More »The U.S. EMV Chip Card Count Surpasses 1 Billion
Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up …
Read More »PayPal Adds QR Code Option; Mastercard Delays Fuel Pump EMV Shift; WooCommerce Payments Debuts
Mastercard Also Extends EMV Liability Shift for Fuel Pumps
All four card brands have now delayed for the second time their EMV liability shifts for automated fuel dispensers with Mastercard Inc.’s Monday announcement it would postpone its shift until April 16. The original shift was to have taken place in October 2017, but was deferred until October 2020. Along …
Read More »Mastercard Notes Spending Improvement; Adapting to New Risk Factors; Discover Postpones Fuel-Pump EMV Shift
Discover Postpones Fuel-Pump EMV Shift and other Digital Transactions News briefs from 5/14/20
In line with previous decisions from Visa Inc. and American Express Co., Discover Network said it is postponing its deadline for EMV capability at gas pumps to April 16, 2021. The original deadline was Oct. 16.Micro Merchant Systems, a provider of pharmacy technology, launched a service that allows patients to make contactless copays by …
Read More »Visa Delays New Interchange Rates to April; Global Payments Sees Optimism; CPI’s EMV Card Boost
CPI’s EMV Card Boost and other Digital Transactions News briefs from 5/6/20
Payment card manufacturer CPI Card Group Inc. said first-quarter sales of credit and debit cards rose 22% from a year earlier to $59.8 million, driven in part by strong demand for dual-interface EMV cards that support contactless payments. The company reported first-quarter net income of $2.42 million versus a loss of $3.06 …
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