PCI

Merchants Will Be Cool to the Networks’ Faster EMV Alternatives

Merchants and cardholders alike have been challenged by the perceived additional time to complete the EMV transaction. These concerns pushed both Visa and MasterCard to create a response to improve the speed of transacting: Visa’s Quick Chip and MasterCard’s M/Chip Fast. The idea behind these efforts is that instead of keeping the card inserted in […]

Nearly 40% of U.S. Visa Credit and Debit Cards Now Have an EMV Chip

Nearly 283 million Visa-branded credit and debit cards issued by U.S. financial institutions now have an EMV chip, Visa Inc. reports. In addition, some 1.1 million U.S. merchant locations that accept Visa cards now take chip cards. In the latest of the payment card networks’ updates on the U.S. chip card conversion that officially began […]

Speed, Compliance and Encryption Can Combat Holiday Payments Fraud

Exciting growth opportunities exist for small and medium businesses taking advantage of the ever-increasing holiday shopping season. However, amidst this positive backdrop, lurks the negative threat posed by hackers and cyber criminals that prey on holiday shoppers and businesses. Small and medium businesses can’t ignore the fact that they’re, in many ways, an easier and […]

8 Frequently Asked Questions About EMV

The nationwide shift to EMV is well underway. EMV — which stands for Europay, MasterCard and Visa — is a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. In the wake of numerous large-scale data breaches and increasing rates of counterfeit card fraud, U.S. card issuers are […]

Is your Business PCI compliant?

  The Payment Card Industry security standards council’s PCI 3.0 revision, revealed in January, adds requirements that take effect at the end of June, putting unprepared merchants at risk of fines if they suffer a breach. The new rules require that merchants consistently monitor their network and communicate clearly with third-party security service providers about […]

Discover Card Holders Can Now Use Apple Pay!

Discover, the only major U.S. card network that did not support Apple Pay at the mobile wallet’s launch, has inked a deal with Apple, eliminating some of the fragmentation in the mobile wallet’s deployment. Though individual issuers, including Discover debit card issuers, must separately agree to Apple’s terms to participate in Apple Pay, the mobile […]

Visa Launches Online Toolkit to Prepare Merchants for EMV

When it comes to EMV chip-enabled technology, getting merchants up to speed is the first step into making businesses EMV-compliant by the soon approaching Oct. 1 deadline. To help smooth that transition, Visa announced on May 4th that they have launched an online toolkit designed to help small business owners make the switchover. The online kit offers a 10-step […]

Google is reaching for its Wallet to keep pace with Apple Pay, but it won’t be easy!

  The Internet-search giant is trying to organize an unruly coalition to shape a new version of its Google Wallet payment service. Google hopes to unveil the new service at its developer conference in late May, said people familiar with the matter. Google, however, exerts less control over the smartphones that use its Android mobile […]

Amex & Apple Putting Payments on Your Wrist

Apple and American Express are looking to users of wearable technology like smart watches and fitness bands for their next payment app. Users of wearable technology are not only younger and wealthier than owners of smart phones and tablets, they’re also more likely to use the devices for digital banking and payments, according to a […]

Google is reaching for its Wallet to keep pace with Apple Pay, but it won’t be easy!

  The Internet-search giant is trying to organize an unruly coalition to shape a new version of its Google Wallet payment service. Google hopes to unveil the new service at its developer conference in late May, said people familiar with the matter. Google, however, exerts less control over the smartphones that use its Android mobile […]

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