The latest chip card data from Visa is in. What these figures show, as of the end of April, is how well the migration to chip cards in the U.S. is going. On the merchant side, Visa’s latest data shows that, since October 2015, an average of...
Just how well is the chip card migration going? Well, according to Visa: “The U.S. chip rollout is already having an impact on counterfeit fraud, the number one cause of in-store payment fraud today.” But how are the numbers stacking up? Visa’s latest data shows...
The merchant-card network relationship can be complicated. It’s a complication that’s persisted long before EMV, but one that EMV seems to have intensified. And it’s a complication that merchants now claim has cost them money in the form of chargebacks. To help us get a...
India’s vast ATM network is set to get a major facelift. The Reserve Bank of India has announced a timeline for the country’s vast ATM network, which constitutes close to 200,000 ATMs, to migrate from accepting mag stripe cards to accepting chip and PIN based...
The latest stats released by MasterCard give more optimism about the U.S. EMV adoption rate by merchants and issuers. And for today’s Daily Data Dive 5-in-1, PYMNTS has broken those stats down: 1.2 Million | The number of chip-active merchant locations as of April 30, 2016. 121...
EMV adoption is on the move. The acceptance and usage of chip technology by consumers and merchants is on the rise, and MasterCard has the data to back it up. Nearly 68 percent of all U.S.-issued, MasterCard-branded consumer credit cards are chip-enabled as of April 2016,...
The transition to EMV in the U.S. has not been without its speed bumps. Something that everyone in the payments ecosystem sort of knew was going to be the reality, but until reality hits, no one knows how bumpy the ride is really going to...
Dick Durbin is not very pleased with EMVCo. Ars Technica reports that, last week, the Illinois senator sent a strongly worded letter to the chip card consortium (whose member companies are American Express, Discover, JCB, MasterCard, UnionPay and Visa) with regards to its handling of...
Omnichannel payment gateway and EMV Kernel provider Creditcall announced on Wednesday (May 11) that it has achieved EMV certification with five major U.S. processors, adding TSYS and Heartland to the existing list of First Data, Chase Paymentech and Elavon. “We have maintained our blistering EMV...
