In today’s CardFlash News Que: MERCATOR (EMV); CONSTELLATION (EMV); RESEARCH & MARKETS (Kazakhstan); and INTELLICHECK (Q2).
MERCATOR – With the long-awaited fraud liability shift just around the corner, the entire U.S. payments industry is actively (if not enthusiastically) preparing for the transition to EMV. While that preparation will yield a more robust and secure payments infrastructure in the long run, progress toward EMV compliance has slowed in 2015 as issuers and merchants deal with a range of technical, logistical, and educational challenges. Mercator Advisory Group’s most recent research note, Migrating to EMV: The (Not So) Final Countdown, provides an updated outlook for EMV credit card issuance and point-of-sale (POS) reterminalization as well as an overview of the trends and challenges currently constraining the U.S. migration to EMV.
CONSTELLATION – Constellation Payments, a leading gateway and merchant services provider for software companies, franchisors, direct sales organizations, and large merchants, will host a free, live webinar on the migration to new EMV chip technology and its impact on businesses that accept credit and/or debit cards. The webinar, EMV Chip Cards & The October 1st Merchant Liability Shift: What You Need to Know to Prepare, will be held on Wednesday, August 26, 2015 at 1:00 pm (ET).
RESEARCH & MARKETS –Research and Markets announced the addition of the “The Cards and Payments Industry in Kazakhstan: Emerging Trends and Opportunities to 2019” report to their offering.’The Cards and Payments Industry in Kazakhstan: Emerging Trends and Opportunities to 2019′ report provides detailed analysis of market trends in Kazakhstan’s cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including check payments, credit transfers, direct debits and payment cards during the review period (2010-2014).
INTELLICHECK – Intellicheck Mobilisa announced its financial results for the quarter ended June 30, 2015. Revenue for the second quarter ended June 30, 2015 increased 91.5% to $2,292,000, compared to $1,197,000 in the same period of the previous year. Adjusted EBITDA was ($809,000) for the second quarter of 2015 compared to ($952,000) for the second quarter of 2014. Net loss for the three months ended June 30, 2015 was ($1,214,000) million or ($0.12) per diluted share compared to a net loss of ($1,101,000) or ($0.22) per share for the quarter ended June 30, 2014.