EMVCo and the Fido Alliance have signed a memorandum of understanding (MoU) to review how Fido authentication standards can support EMV payment use cases... More
EMV
NFC mobile payment users tip more, says Square
Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale. More
Printec to offer Proxama mobile payments solutions in Central and South-Eastern Europe
PARTNER NEWS: Digital payment solutions provider Proxama is to supply transaction automation solutions provider Printec Group with its NFC mobile payment, PIN management, tokenization and EMV enablement solutions across Central and South-Eastern Europe. More
White paper explores payment industry in Bangladesh
A 29-page white paper that explores the payment industry of Bangladesh and includes a detailed examination of its current systems, the evolution of alternative payment methods and the uptake of NFC, tokenization and EMV is now available to download from the NFC World+ Knowledge Centre. More
Kroger sues Visa over EMV authentication
US supermarket chain Kroger has filed a lawsuit against Visa for allowing customers to verify EMV purchases with a signature instead of a PIN... More
Discover joins effort to speed up EMV checkout
Discover has unveiled Discover Quick Chip, a new option for merchants to streamline the checkout process when customers pay with cards... More
EMV claims more than a third of global card-present payments
Some 35% of all card-present transactions conducted globally between January and December 2015 used the EMV chip card standard, up from 32% in 2014, standards body EMVCo has revealed. The number of EMV payment cards in global circulation also increased by 1.4bn to 4.8bn over the 12-month period. More
American Express speeds up EMV checkout
American Express has unveiled Amex Quick Chip, a technology that enables merchants to provide cardmembers with a “more seamless” experience when paying with their EMV chip cards at the point of sale... More
Axis Bank to launch contactless transit and payments card in India
Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank... More
MasterCard collaborates on speeding up EMV checkout
MasterCard is working with other payment networks, acquirers and processors to develop a standard that will reduce EMV checkout times... More
Fitbit buys Coin’s wearable payment assets
Fitness wristband maker Fitbit has acquired the wearable payment assets of connected device maker Coin in a move that will enable the company to add NFC payment capability to its future devices. More
Proxama sets out advantages of in-house EMV
A white paper that sets out the advantages of bringing outsourced or delegated EMV card processing back in-house and explains how taking an integrated approach to physical and digital card issuing and processing will deliver cost savings is now available to download from the NFC World+ Knowledge Centre... More
Walmart sues Visa over chip card payments
US supermarket giant Walmart has filed a lawsuit against Visa for “allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards,” according to CNBC... More
EMV Migration Forum releases EMV testing and certification white paper
The EMV Migration Forum has released a white paper that explains the requirements for testing and certifying contact and contactless chip-enabled terminals and details the most up-to-date requirements and processes from the global payment networks... More
The State Bank of Vietnam urges transition to EMV
The State Bank of Vietnam has instructed banks to “quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud”, according to Vietnam News... More
Proxama integrates Discover’s D-PAS into EMV enablement solution
PARTNER NEWS: NFC and mobile payments pioneer Proxama has completed the integration of Discover’s D-Payment Application Specification (D-PAS) contactless product into its EMV enablement solution... More
MasterCard to reduce EMV checkout time
MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout... More
Tutuka to roll out cloud-based payments with Proxama
PARTNER NEWS: Prepaid card processor Tutuka has begun the implementation of digital payment solutions provider Proxama’s Digital Enablement Platform (DEP) for a fully independent cloud-based payment (CBP) solution in the Middle East, Asia and Africa... More
Fibank launches HCE in Bulgaria
Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard... More
Visa tech speeds up EMV checkout time
Visa has launched Quick Chip for EMV, a technology enhancement that speeds up the checkout time when paying with an EMV card... More