More than half of business owners across all industries are aware of the recent liability shift, but only 29% are equipped to accept EMV chip credit cards. Although more than half of U.S. adults who have a credit/debit card have been issued a new chip card, only 41% know the benefits of the chip card.
In today’s CardFlash News Que: AMERICAN EXPRESS (Unstaged); AFFINITY FCU (Kindness); OBERTHUR (EMV); and EUROPE (P2P).
Cubic Transportation Systems was awarded a $12.6 million contract from the San Francisco Bay Area Rapid Transit District (BART) to update its revenue management system.
Digital Dining is has been certified by Heartland Payment Systems (HPS) and together they are now offering an EMV-ready and Heartland Secure out-of-scope, POS solution to U.S. restaurants.
Fraud losses incurred by banks and merchants on all credit, debit, and prepaid general purpose and private label payment cards issued worldwide reached $16.31 billion last year when global card volume totaled $28.844 trillion. This means that for every $100 in volume, 5.65¢ was fraudulent.
Experian Health has joined forces with AxiaMed and Ingenico Group to deliver a new solution that enables fast, efficient and secure customer payment transactions. The EMV-compliant device allows hospitals and medical providers to protect patient financial information as well as reduce their liability should a fraudulent transaction occur.
U.S. Bank’s Elavon has release its new software development kit, Commerce SDK which enables businesses to start accepting ApplePay and streamlines a path to EMV. The release enables small and medium size businesses to achieve the same sophisticated payment options as their larger competitors without the hefty price tag.
e-Nabler and Handpoint have buddied to bring EMV enabled turnkey tablet and handheld-based POS solutions to merchants nationwide. The
companies say their new tablet-based POS systems are making the switch affordable and attractive for merchants of all sizes.
Gemalto has deployed prepaid EMV banking cards to complement Vodacom’s m-pesa mobile wallet service in South Africa. As a result, Vodacom becomes the first mobile operator to initiate the large-scale rollout of an EMV banking card that is accepted anywhere.
NJ-based Heartland Payment Systems has become the first processor to offer a comprehensive warranty that protects businesses from payment card breach losses in the event of a breach. Heartland Secure technology materially reduces the opportunity for criminals to monetize AES (Advanced Encryption Standard) encrypted card data.
UK-based Proxama is in the process of acquiring San Francisco-based Aconite Technology. The deal will create an end-to-end solution for card issuers to migrate from magnetic stripe credit cards to both EMV-compliant chip-based cards and contactless payment-enabled mobile devices.
London-based Powa Technologies has inked a deal with Ingram Micro to distribute the PowaPOS T-series POS solution in the North American marketplace. In September, Ingram Micro announced its intentions to expand its POS offerings.