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Peter Lucas Having invested in new equipment, payment card manufacturers are ready to churn out EMV cards by the millions in the U.S. But issuers that wait too long could be caught short. Common in nearly all of the developed world, Europay-MasterCard-Visa (EMV) chip cards have been a long time …
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Network Divide Over EMV Comes to the Fore as Rumors About a Liability-Shift Delay Surface
By Jim Daly The deep divide within debit networks about bringing Europay-MasterCard-Visa (EMV) chip cards to the United States was on full display Monday at a conference in which a Visa Inc. executive hinted that Visa might be open to a delay in a major EMV deadline. But an executive …
Read More »Opinion & Analysis: Why Have Big U.S. Merchants Lost Their Enthusiasm for EMV?
Mark Horwedel Heavy costs, unrealistic deadlines, and a looming threat to hard-won Durbin rights are just some of the reasons. The bottom line is the chip card standard badly needs an overhaul. This question posed by the headline on this article seems to come up with increasing frequency these days, …
Read More »Debit Networks Offer EMV Compromise That Would Allow Visa, MasterCard Apps
A trade group representing most of the nation’s debit networks has agreed to allow EMV applications other than its own to work on chip cards in the United States. The new position taken by the Secure Remote Payment Council represents what the group calls a “major compromise” and opens the …
Read More »Looking to U.K.’s EMV Experience, A Consultancy Prods U.S. with a ‘Hot Poker’
Rome wasn’t built in a day, and EMV won’t be fully implemented in the United States for some time to come, but at least some foreign observers who have experienced nationwide deployment of the Europay-MasterCard-Visa chip card standard are starting to show impatience with EMV’s sluggish U.S. progress. Fearing a …
Read More »With EMV Looming, Fears of Rising Online Fraud Will Drive Biometrics, Expert Says
Biometric authentication will be in widespread use by financial institutions and online merchants by 2015, a payments-security expert predicts. “We’re at the threshold, it’s going to be common in the next year or so,” Al Pascual, a senior analyst at Javelin Strategy & Research, tells Digital Transactions News. Pascual forecasts …
Read More »Researcher Predicts Almost 90% of U.S. POS Terminals Will Be EMV-Capable by 2017
Nearly 90% of U.S. point-of-sale terminals will be ready to accept Europay-MasterCard-Visa (EMV) chip cards by 2017, according to a new Aite Group LLC study. The report examines the reterminalization of card-acceptance locations triggered by the payment card networks’ plans announced in 2011 and 2012 to wean America off of …
Read More »New Consensus on Debit Routing Removes EMV Obstacle But Leaves Timing Unclear
The payments industry may have solved a vexing problem related to EMV chip cards and the Dodd-Frank Act’s Durbin Amendment, but whether that solution will smooth the way for EMV (Europay-MasterCard-Visa) deployment in the United States is less clear. The EMV Migration Forum, an industry group that has been working …
Read More »Will That Be Chip And PIN Or Chip And Signature? Expert Forecasts EMV Confusion
Payments executives already know the coming changeover from magnetic-stripe cards to chip cards using the Europay-Visa-MasterCard (EMV) standard will be expensive—about $11 billion, according to a new report from Aite Group LLC. But Aite notes that while likely to greatly reduce fraud at the point of sale, the big switcheroo …
Read More »The Gimlet Eye: With EMV Coming, It’s Time for PINs Online
It is not the purpose of this column, this month, to draw up a bill of indictment against the Europay-MasterCard-Visa (EMV) specification for chip cards. After all, EMV has acquired an air of inevitability in the United States now that the four principal card networks have issued deadlines for processor …
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