The circulation of EMV chip cards has increased by 1.1 billion in the past 12 months, hitting 12 billion in circulation at the end of last year, according to an EMVCo press release Wednesday (June 8). The issuance and adoption of EMV chip cards also...
An economic downturn may boost the demand for both ridesharing services and the vehicles that some of the gig economy drivers rent, according to executives at rental vehicle provider EVmo. Responding to a question from an analyst about how the firm might fare during a...
To open its EMV® Secure Remote Commerce (SRC) specification for public comment for a 45-day period, secure payments enabler EMVCo has issued a draft version of the specification called version 0.9. The organization wants to allow merchants, payment networks and card issuers, among other payment...
Data from EMVCo shows that 54.6 percent of all cards issued globally by the end of 2017 were EMV-enabled. In addition, the number of EMV payment cards in circulation around the world increased by 1 billion over the previous 12 months — to a total...
To simplify its path to EMV card acceptance, and to reduce PCI compliance scope, Kentucky Fried Chicken (KFC) has migrated its payments system in the U.S. to Ingenico Group’s Telium Semi-Integrated solution. Ingenico said in an announcement that KFC customers will still be able to pay using...
According to new figures out from EMVCo, there were a total of 6.1 billion EMV cards in circulation worldwide as of the end of 2016. That represents an increase by about 1.3 billion cards over the last 12 months. The new data also indicates that 52.4...
The problem with EMV for most consumers and merchants comes down to speed, Visa and Index have learned. The change in hand motion didn’t really throw most customers off that much. Moving from a swipe to dip didn’t turn out to be so very fundamentally...
Collect for Stripe, a new app built by entrepreneur and developer Logan Thompson, was launched this week, enabling Stripe users to accept both swipe and EMV chip payments at brick-and-mortar locations using a tablet or mobile device. According to the company, the app enables retailers...
EMVCo, the technical body, announced Wednesday (Dec. 14) there has been year-over-year growth in the number of contact and contactless card present payments using EMV chips. In a press release, EMVCo said that between July 2015 and June 2016 there was a 42.4 percent increases...
