The European Credit Sector Associations (ECSAs) are calling on the European Union to re-examine clauses in legislation on the proposed European Digital Identity Wallet that appear to imply that “widely used cards and payment specifications” will have to accept the wallet for strong customer authentication (SCA) for payments “on a mandatory basis”... More
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
Only 27% of US merchants will be EMV-ready by the October liability shift, representing a seven percentage point decline from a 34% estimation in March, research from The Strawhecker Group (TSG) reveals... More
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in the future, CEO Charles Scharf has revealed at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference... More
“The adoption of dual-interface chip technology will help prepare the US payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale,” says the payments giant. More
