Posts Tagged ‘chip and pin’

EMV in the U.S.: Chip cards are here, but where is EMV at the POS?

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Posted on 18th Mar 2014 by in Financial-services

There’s no doubt that EMV credit cards are finally making their way to the United States.  It’s almost become old news that all of the major credit card issuers in the U.S. have begun issuing EMV cards to a portion of their customers and are steadily working towards converting all of their cards to EMV.  […]

How will EMV credit cards be used to make payments?

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Posted on 27th Feb 2014 by in Financial-services

The way that we make credit card transactions is going to change as EMV cards become more common (those are credit cards with a chip). In the U.S. we’ve become accustomed to making a credit card transaction with a swipe.  But EMV cards aren’t swiped.  Instead, they are “dipped” into the payment terminal, and left […]

EMV Payment Security Hits US National Spotlight

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Posted on 29th Jan 2014 by in Corporate

EMV payment technology has finally gotten its big break in the US in the way of national news coverage. After several recent high-profile payment card data breaches, more Americans have started to ask whether it’s time for the US to abandon magnetic stripe payment technology in favor of more secure EMV. Yes, it’s time. For more […]

Gartner highlights EMV and NFC trends in recent Hype Cycle Report

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Posted on 24th Sep 2013 by in Corporate

In its recently released Hype Cycle for Financial Services Payment Systems report, Gartner gave warning of increasing payment card fraud in the U.S., highlighting EMV (‘chip and pin’) payment cards as the preferred solution. According to Gartner, “U.S. banks should recognize that fraud will likely increase exponentially and with little warning. They should develop an EMV-centric […]

EMV cannot come soon enough to the U.S.

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Posted on 16th Jan 2013 by in Corporate

Card fraud costs people in the European Union around €1.5 billion a year, according to European law enforcement agency, Europol. The criminal market is dominated by “well-structured and globally active organized crime groups (OCGs)” perpetrating illegal transactions. This may understandably worry some of our European-based readers, yet the report also finds that “the majority of illegal […]

Internet economics – transforming payments is key to future growth

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Posted on 12th Jun 2012 by in Corporate

The internet will only get bigger and better. Or, that’s an impression you get from reading some of the reports compiled by the likes of Boston Consulting Group, McKinsey and any of the organizations looking at the impact of the Internet on our future economies. These reports are looking at the future of our economies, […]

Global Payments Data Breach: a wake-up call for the US on EMV

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Posted on 3rd Apr 2012 by in Corporate

In what is undoubtedly one of the biggest stories to hit the payments industry so far this year, Global Payments has confirmed that it was the victim of a data breach in January and February which compromised the security of millions of credit card details. As reported by Brian Krebs on Friday, the breach affects […]

Driving EMV adoption: the benefit for banks

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Posted on 9th Feb 2012 by in Enterprise

According to recent reports from Visa, EMV deployment in the US is accelerating. An estimated one million Visa-branded EMV chip-enabled cards had been issued by the end of 2011. In addition to this, Mastercard has finally agreed to join Visa in supporting the technology in the US. EMV, which regular readers by now know stands […]

NFC – What’s the view on the street?

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Posted on 25th Nov 2011 by in Telecom

It’s official. NFC is here; but how many people know it? We commissioned Opinion Matters to carry out research that highlights the need for consumer education on NFC – or to put it correctly: Near Field Communication, as only 32% of consumers know what NFC actually stands for, while one third of respondents worry about using a mobile wallet for security reasons.

How can we fight online banking fraud?

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Posted on 20th Oct 2011 by in Enterprise

Online banking fraud is down by nearly a third in the UK, according to banking industry group Financial Fraud Action (FFA) UK.  This is quite an astonishing figure, which the FFA attributed to a rise in anti-fraud software and chip-and-pin technology. It is great to see the UK demonstrating how to attack online banking fraud […]