Ingenico Mobile Solutions has unveiled the Moby/3000, a Bluetooth-enabled mPOS card reader equipped to accept both EMV chip & sign and magstripe transactions. The reader will be available next month. While many mobile card readers still rely on audio jack connectivity, the Moby/3000 wirelessly pairs with Android and iOS smartphones and tablets using Bluetooth 4.0,…
New research reveals digital channels are opening up unanticipated points of weakness for banks. The EMV effect EMV, also known as the “chip card,” looks to prevent point-of-sale and physical card threats. When the UK and European countries introduced EMV more than 10 years ago, there was a different digital landscape. Immediate access to credit.…
An estimated 44% of U.S. card-accepting merchants have EMV terminals. Less than a month away from the anniversary of the EMV liability shift, 29% of U.S. merchants are actually able to accept chip-based transactions. The Strawhecker Group (TSG) survey of payment processors and other payment providers also found approximately one-third of merchants have activated EMV…
As of July, 88% of Mastercard U.S. consumer credit cards have chips, representing a 105% increase in chip card adoption since the October 1, 2015 liability shift. The company also sees 2 million chip-active merchant locations on its network, a 468% increase in chip terminal adoption since October 1, 2015. Two million merchants represent 33%…
CardFlight, a mobile point of sale (POS) technology provider, is launching the Bold B550 and Bold B500, a new family of mobile card readers that communicate with iOS and Android devices by Bluetooth technology. The launch follows Apple’s announcement today of the iPhone 7, a revolutionary smartphone that does not contain an audio jack. Resellers of…
Frederick, MD-based Essential Systems Solutions has budded with MobileBytes, an EMV capable iPad POS technology company. Partnering with MobileBytes will give ESS the unique opportunity to offer a full featured, cloud based, POS system for iPad. The high quality MobileBytes solution is designed for a variety of food & beverage environments. From bars & nightclubs,…
Gemalto has supplied Hellenic Bank, a major Cypriot financial institution, with its Optelio contactless EMV Payment wristbands. These water-resistant NFC wristbands that are marketed as PayBand to Cyprus consumers will ensure that Hellenic Bank customers no longer have to worry about carrying cash or cards. Gemalto has worked alongside its local partner Mellon Cyprus to…
Oberthur Technologies has launched its X-Press Solution which provides turnkey, expedited EMV-card supply within five days for card orders up to 25,000. OT is a one-stop shop for card issuers with large or small card orders at national banks, credit unions and community banks. The X-Press Solution features full product support for MasterCard, Visa, American…
A new study has found EMV adoption has been hampered by bottlenecks throughout the U.S. payment system and that the emphasis on security has pushed aside other priorities such as mobile payment. Reducing credit and debit card fraud by implementing EMV chip card acceptance has become retailers’ top payment issue in 2016, but retailers are…
The flattening EMV card market in China and a dip in U.S. EMV card shipments, due to overstocking, is set slow down. The Chinese and U.S. EMV payment cards markets are experiencing double-digit year-on-year growth, responsible for more than 50% of 2.8 billion EMV cards shipped worldwide. However, a new report from ABI Research finds…
Visa’s new Quick Chip technology is now running at a chain of seven natural grocery stores in Northern California. The technology enhancement optimizes EMV1 chip card processing to not only speed up checkout times, but also significantly streamline chip implementation. Index, a retail software company that combines secure payments, measurement, and personalization, has deployed the…
More than eight of 10 U.S. MasterCard consumer credit cards have chips, representing an 88% increase in chip card adoption since the 2015 liability shift started to bring EMV-secured payments to the U.S. MasterCard also sees 1.7 million chip-active merchant locations on its network, representing nearly 30% of the U.S. merchant population and a 374%…