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Bank Embarks on ISO Expansion; U.S. Still Lags in EMV; Regulators Balk at Facebook’s Libra
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Chip Cards Make Gains, but the U.S. Still Lags Most of the World in EMV Adoption
EMV chip card payments made substantial gains in the U.S. last year, but the nation still lags most other regions in EMV penetration, according to new figures from payment card standards body EMVCo. Some 53.5% of general-purpose U.S. card-present transactions in 2018 were so-called chip-on-chip, meaning both the point-of-sale terminal …
Read More »Getting Heard by EMVCo
Six big networks control EMVCo, which in turn controls the global EMV standards. But merchants have ways to wield some influence. Within the fraternity of commerce, merchants have at times taken issue with directives set out by payments organizations. The most common differences usually center on pricing, but disputes about …
Read More »Visa Says EMV Chip Cards Continue To Gain Share and Cut Counterfeit Fraud
EMV chip cards continued to gain share of U.S. card payments in early 2019, although their conquest is not yet complete more than three years after the payment card networks’ EMV liability shifts. But Visa Inc. says counterfeit fraud is dropping sharply, as intended. Visa reported Thursday that 3.5 million …
Read More »Chase, Visa Tout Contactless in NYC Transit; USAT Shares Rebound; Citgo Readies EMV at the Pump
Citgo Readies EMV at the Pump and other Digital Transactions News briefs from 5/22/19
Gilbarco Veeder-Root said Citgo Petroleum Corp. released its EMV-acceptance Passport software for Citgo retailers to use in the forecourt. With this release, Gilbarco Veeder-Root said more than 70% of its Passport customers have forecourt EMV software available as upgrades. At a payments conference sponsored by The American Bankers Association, the …
Read More »Where EMV Spells Headache
With almost 18 months to go, the petroleum industry is having a hard time with a crucial EMV deadline. Not many gas stations are expected to make it. Here’s why. It’s halftime in the runup to the October 2020 deadline set by Visa Inc. and Mastercard Inc. for gas stations …
Read More »Eye on Contactless: CPI Card Group Sees ‘Gradual’ Growth for Dual-Interface EMV; A Cashless Forecast
Observers of the U.S. payments market who have been expecting a surge in conversions to dual-interface cards may have been disappointed Wednesday morning as CPI Card Group Inc., one of the nation’s biggest card manufacturers, said it expects “dual interface to grow gradually as a proportion of the U.S. market” …
Read More »EMV Merchant Base Grows 15%; Kroger Pay Debuts; Chase Testing Its Own Cryptocurrency
The U.S. EMV-Accepting Merchant Base Grew by 400,000 Locations in 2018
The number of U.S. merchant locations accepting EMV chip cards grew nearly 15% in 2018 while EMV payment transactions rose 27%, according to new data from Visa Inc. In its latest report on the conversion of U.S. general-purpose payment cards from magnetic stripes to EMV chips, Visa says 3.1 million …
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