Posted on 25 June 2013 by Philippe Benitez
If you are a frequent reader of this blog, then you know that EMV is coming to the US. But for many of the individuals and organizations impacted by the change to the US payments infrastructure – like consumers, card issuers, processors and merchants – EMV is a new technology. As with any technology shift, […]
Posted on 09 July 2013 by Philippe Benitez
As part of our blog series, The Truth about EMV, we’re discussing some popular misconceptions and myths surrounding EMV payment technology. Earlier this month we discussed the fundamental question, is EMV coming to the United States or not? The answer was a resounding yes, EMV is well on its way to becoming a dominate payment […]
Posted on 16 July 2013 by Philippe Benitez
EMV is quickly approaching in the US. There is no doubt that a wave of implementation is upon us. Successful migration to EMV will involve making changes to all payment systems, processes and procedures, so it is important to for card issuers and merchants alike to begin the implementation now. Lately banks and processors have […]
Posted on 06 August 2013 by Philippe Benitez
EMV is a hot topic among merchants, banks, and card issuers in the U.S. Along with the new technology comes an abundance of rumors, myths, and half-truths. We recently discussed two important questions, Is EMV Coming or Not?, and Can We Skip EMV and Jump Straight to Mobile Payments? Today we’re discussing a popular EMV […]
Posted on 28 August 2013 by Philippe Benitez
To continue our discussion about popular myths and misconceptions about EMV payment cards, let’s talk about card-not-present (CNP) fraud – the kind where the merchant never sees you or your card. In other words, the merchant never verifies that the person making the transaction is the legitimate cardholder by checking the signature or seeing that […]
Posted on 24 September 2013 by Philippe Benitez
In its recently released Hype Cycle for Financial Services Payment Systems report, Gartner gave warning of increasing payment card fraud in the U.S., highlighting EMV (‘chip and pin’) payment cards as the preferred solution. According to Gartner, “U.S. banks should recognize that fraud will likely increase exponentially and with little warning. They should develop an EMV-centric […]