Moneris Solutions has been accredited to self-certify EMV-chip and PIN, and chip and signature terminals for five major credit card brands. With this authorization, Moneris is the only processor in North America with the ability to perform self-certification for merchants on behalf of American Express, Discover, MasterCard, Visa and Union Pay. Today, businesses making the…
The campaign by retailers to prod the card networks and banks to move to total Chip & PIN in the U.S. and away from Chip & SIG is gaining more traction. A group of nine attorneys general dispatched a letter to the nation’s top credit card companies and banks.
Silicon Valley-based talech Inc., a cloud-based POS solution, unveiled a simple, affordable, EMV ready payment and POS solution that works with specific Ingenico Group terminals, can be activated seamlessly through a software download, and does not require customers to change payment processors.
The National Association of Federal Credit Unions (NAFCU) says the transition to EMV cards is an important step in the process of data security, but it is not a silver bullet. Last week the FBI also reinforced EMV will help reduce counterfeit cards but until PINs are used at the POS fraud will continue.
The Retail Industry Leaders Association (RILA) says when it comes to the EMV migration banks and credit unions are not meeting the retail investment with the same commitment to consumer protection.
Shift4 is delivering EMV functionality to Independent Software Vendors (ISVs) and connecting them to numerous U.S. processors. EMV capability for ISVs through Shift4 comes in advance of the October U.S. EMV liability shift, and saves ISVs significant time and money in pursuing their own direct certifications with processors.
About 25% of U.S. debit cards – approximately 71 million cards – will be migrated to chip by the end of 2015. The percentage is expected to rise to 73% by the end of 2016 and 96% by the end of 2017.
Visa Europe will offer Visa debit, credit and reloadable prepaid cardholders access to Apple Pay, a new service that looks set to transform mobile payments with an easy, secure and private way to pay when it launches in the UK this July.
Montreal-based Lightspeed POS finds big data’s days as just a buzzword for big business are over. Smaller retailers have realized that data-backed insights into customers’ buying patterns can help them provide suggestions and boost sales.
CardWeb.com’s CardData Reports today features “2015 AFP Payments Fraud & Control Survey” from the Association for Financial Professionals.
More than nine out of ten finance professionals firmly believe EMV cards will be effective in reducing POS fraud. In addition, 61% believe chip-and-PIN will be the most effective authentication method in mitigating credit/debit card payments fraud.
NJ-based KOAMTAC has introduced the KDC500 Mobile POS Companion that combines chip-and-PIN and MSR payment transaction technology with 1D/2D barcode scanning and NFC capabilities that support Android, iOS, Mac, and Windows mobile/PC over Bluetooth technology.