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.
For the first time, Chase eligible co-branded credit cards, Marriott Rewards® and United MileagePlus, are coming together to offer double the rewards on respective purchases this holiday season with ‘Double Stay, Double Go.’
The National Retail Federation (NRF) blasted the EMV migration noting small businesses should not be pressured to install the equipment to accept them at the expense of more effective technology. The NRF told Congress that new chip-and-signature credit cards without a PIN will not stop data breaches.
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.
A new survey has found Americans imagine the following five travel experiences: Hologram Personal Trainers Digital Passports and Face Recognition; Underwater Hotels; Space Travel; and Eco-Travel Destinations.
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.
CardWeb.com’s CardData Reports today features “2015 AFP Payments Fraud & Control Survey” from the Association for Financial Professionals.
While many analysts indicate President Obama’s Executive Order to mandate chip payment cards for government benefits was a pure political move, others applaud the action.
Bindo announced the launch of a mobile EMV credit card reader for its cloud-based iPad POS. Bindo’s newly developed EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified in the United States. It slots comfortably into the audiojack of an iPhone or an iPad, and allows mobile credit card payment acceptance. Bindo’s system encrypts and tokenizes cardholder data at the point of capture and its Tamper-Safe security module (TSSM) helps prevent third party brute force attacks. According to Visa, MasterCard, and AMEX, merchants who have invested in EMV deployment, such as Bindo’s solution, will be protected from financial liability for card-present fraud, under the new rules that will come into effect by 2015.
Bindo retail technology announced the launch of a mobile EMV credit card reader for its cloud-based iPad POS. The EMV reader has full end-to-end encryption with its iPad POS system and is both EMV Level 1 and Level 2 certified. It slots comfortably into the audiojack of an iPhone or an iPad, and allows mobile credit card payment acceptance. Bindo’s system encrypts and tokenizes cardholder data at the point of capture and its Tamper-Safe security module (TSSM) helps prevent third party brute force attacks. The card reader will continue to support dual and triple track card reading. Others in the industry have announced EMV chip readers. Unlike competitors, however, Bindo’s mobile card reader will be able to process both chip-and-signature cards and chip-and-pin cards, enabling EMV debit card transactions, reducing the need for merchants to carry multiple terminals.
Chase Card Services and Marriott Rewards announced the launch of the Marriott Rewards Premier Visa Signature® Business Credit Card designed for small business owners who travel frequently for business or pleasure. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn accelerated Marriott Reward points on all purchases, accumulate free night stays, and receive automatic Silver Elite Status once they become a cardholder. The card also offers EMV chip-and-signature technology, charges no foreign transaction fees and comes with a variety of travel and business benefits. With the Marriott Rewards Premier Business Credit Card, small business owners have the ability to earn Marriott Rewards points at an accelerated rate. Cardholders will earn thousands of points for different increments spent on the card. The card also comes with travel insurance benefits, including trip cancellation, trip delay, lost luggage, baggage delay and auto collision damage waiver. Additional benefits include purchase protection insurance, including purchase security and extended warranty.
The National Retail Federation issued the following statement from Senior Vice President and General Counsel Mallory Duncan in response to Visa and MasterCard forming a new cross-industry group focused on enhancing payment system security:
“We remain insistent that U.S. retailers’ customers be given the same protections as consumers in more than 80 countries who have both a chip and a PIN securing their credit and debit cards. There is no single solution to the complex issue of criminal hacking and we know PIN and Chip is just a bridge on the long road to a safer payment system, but it is an important step in the right direction.
“We appreciate being involved in meetings with other stakeholders such as the one hosted by Visa and MasterCard last week. While we certainly agree that speed is of the essence, we don’t believe that is an obstacle to introducing PIN and Chip cards since the technology is well established and the cards are widely used around the globe.
“Easy-to-forge signatures are a virtually worthless form of authentication. Insisting on chip-and-signature cards is like installing an alarm on the front door of a home while leaving the back door wide open. It doesn’t make sense when the technology exists to secure the entire house.”