News

Data Breaches Signal Increased Need for EMV Adoption in the U.S.

Last month, the well-known nonprofit agency that operates thrift stores around the country, Goodwill Industries, confirmed that it has been investigating a possible breach of customer credit card information. This news has instilled a sense of nostalgia...

Most Credit Unions Will Miss EMV Deadline

More than half of credit unions will miss a key October 2015 deadline that requires credit cards to be equipped with EMV chips, according to executives with major payment processing organizations. This means a majority of credit union credit card programs...

Redefining the US Payment System

How EMV, smartphones, and tokenization are changing the customer experience. They say cash is king. If you’re analyzing a company’s spreadsheets, that might still be true. But in the consumer marketplace, cash is rapidly going the way of the...

How To Use A Chip And Pin Or EMV Credit Card

EMV cards are named for the credit card companies that developed the security system—EuroPay, MasterCard, and Visa. EMV cards are sometimes referred to as chip and pin cards. The great majority of credit cards issued in the United States operate on...

Credit Card Fraud on the Rise before EMV Switchover

With America on the verge of converting to EMV credit cards in the next few years, fraudsters are trying to get in on last-minute scams. This is particularly true for credit card thieves in Europe, who consider the unsecure American system an easy target....

EMV Train is Gathering Steam: Procrastinators Take Warning

With each passing day it becomes more apparent that the United States’ EMV train—the one carrying the chip-embedded credit and debit cards—has left the station and is gaining steam for the ride towards the October 2015 POS liability shift timetable....

Most U.S. credit cards to be EMV-enabled by 2016

By the end of 2015, 70% of U.S. credit cards and 41% of U.S. debit cards will be EMV enabled, says Aite Group. Rising counterfeit card fraud is a key reason why the EMV business case now works for U.S. issuers, as credit card fraud rates doubled to 10...

US Credit Card Fraud Is Spiking Ahead Of EMV Secure Chip Introduction

The belated rollout of EMV security chips in credit cards in the US is expected to lead to an increase in fraud. In fact, more fraud is already here, said Allen Friedman, director of payment services at Ingenico, a provider of card payment terminals and...

DOES EMV HAVE A PLACE IN A MOBILE WORLD?

Consumers everyday are being bombarded with offers to try new things with their mobile phones and their payment preferences. New payment applications, loyalty programs, and digital wallets are being presented to them, making it easier than ever to get...

8 FAQs About New EMV Credit Cards

The nationwide shift to EMV has begun. EMV — which stands for Europay, MasterCard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. In the wake of numerous...