U.S. EMV Update
Eight financial institutions reported that 30% of their U.S. consumer credit and debit cards contain EMV chips as of June 30. These issuers represent approximately 50%of U.S. payment card volume.
VF & J/Speedy
Verifone has been approved by JCB to support J/Speedy v1.3 “making Verifone’s merchant clients the first to be able to accept this latest version of the contactless EMV payment program used by JCB cardholders.
Bidvest Currency Card
Johannesburg-based Bidvest Bank has unveiled the MasterCard Multi-Currency World Currency Card. The prepaid travel card that allows cardholders to load up to 17 currencies on the same card at any time.
UnionPay RMB Cap
According to the requirements of the State Administration of Foreign Exchange, a cap on annual cash withdrawal overseas (including Hong Kong, Macao and Taiwan, the same applies hereinafter) is newly imposed for UnionPay RMB cards issued in mainland China, in addition to the currently cap requirement of ten thousand RMB equivalent on cash withdrawal per card per day.
Allstar Card & OT
Allstar, UK’s leading fuel card provider, has picked Rrance-based Oberthur Technologies (OT), a world leader in digital security solutions for the mobility space, to support the migration of their fuel cards from magnetic stripe to EMV chip cards.
JHA & EMV
Jack Henry & Associates’ JHA Payment Solutions group is live with MasterCard and Visa for EMV debit card processing, and will soon support Discover.
SecureSubmit
Heartland Payment Systems announced the availability of Heartland SecureSubmit, a data protection solution e-commerce merchants use to protect sensitive consumer cardholder data entered via a consumer’s browser.
Diversus & XAC
Ontario-based Diversus Payment Solutions, a unique transaction solutions provider that delivers value-added, cost-effective payment solutions through best-of-breed partnerships, today announced that it has inked a distributor/software integrator agreement with XAC Automation Corporation of Taiwan to distribute XAC products in Canada and the USA.
NTT DOCOM & FIDO
FIDO (Fast IDentity Online) Alliance board member NTT DOCOMO, Japan’s market leading mobile network operator (MNO), intends to expand FIDO authentication for its country-wide network with new FIDO Certified™ devices, and by extending FIDO authentication through DOCOMO ID to carrier billing services partners.
System Innovators & EMV
FL-based System Innovators has extended its relationship with Elavon to offer clients a fully certified EMV solution that will help mitigate our clients’ risk of card present fraud losses.
Tata & MasterCard
At the Clinton Global Initiative (CGI) Annual Meeting closing plenary, Tata Communications and MasterCard announced a CGI Commitment to Action to financially empower 25,000 women in the developing world, part of a larger vision to ultimately reach 100 million women.
CardLinx CLIMe
The CardLinx Association announced the availability of a new online system enabling merchants and their card-linked technology partners to share their card-linked offers with digital advertising publishers. Card-linking enables consumers to link their existing credit or debit cards to digital coupons, loyalty programs or mobile wallets.