New research finds more than 50% of all cards in use now have EMV chips on them. From October to November, the percent grew 5% as banks and card issuers accelerated their rollout of new chip cards.
A new survey finds 29% of U.S. consumers own EMV-enabled chip cards, up from 10% who did in 2014, and 1 in 3 EMV card holders have used them in EMV readers in merchant terminals in the U.S.
Synchrony Financial has inked PayPal to a long-term extension of its relationship for a credit card program including the co-branded Dual Card MasterCard credit program for consumers in the United States and Puerto Rico.
Stash Hotel Rewards, a loyalty program for independent hotels, has partnered with Synchrony Financial to launch the Stash Hotel Rewards Visa Card. The only hotel loyalty credit card that awards double points for stays at any hotel.
As the Pope’s visit is underway, MasterCard has launched the MasterCard Aid Network, an end-to-end, non-financial service designed to streamline aid distribution even in the absence of telecommunications infrastructure. Now, impacted populations can secure basic needs swiftly with the simple dip of a card.
New research shows nearly three in five consumers reported that they have not yet received a new chip-enabled card. Also, 67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them.
A new survey shows lower income respondents were more likely to lack knowledge of EMV cards than those in higher income brackets. Nearly 60% of consumers with an income of $25,000-$49,999 were unaware of EMV cards. However, only 26% of the highest income cohort ($150,000+) lacked knowledge of EMV credit cards.
A majority of small business owners are unaware of the impending EM liability shift coming in October. Less than half of small business owners who accept point-of-sale card payments today report being aware of the October 1 liability shift, the date when a card issuer or merchant that does not support EMV chip card technology will assume liability for any fraudulent point-of-sale card transactions.
Synchrony Financial and Chevron U.S.A have unveiled the new Techron Advantage Fuel Credits Program for cardholders.The new Fuel Credits program is part of a multi-year extension signed between Chevron U.S.A. and Synchrony Financial for Chevron’s personal credit card program.
In today’s CardFlash News Que: TABBED-OUT (funding); YELLOWPEPPER (Carta); M&T (EMV); and GLOBAL PAYMENTS;
Visa and Verifone announced a partnership that will enable merchants to offer their customers a more streamlined, secure purchase experience across digital and face-to-face commerce environments, often referred to as omni-channel commerce.
CardWeb.com’s CardPixes database of more than 7,000 images today features the Chase United MileagePlus Explorer Visa card.