After Visa recently announced that it is changing its chargebacks policy in a bid to increase EMV migration following the October fraud liability shift, American Express is doing the same by allowing merchants to avoid being liable for for chargebacks for counterfeit fraud when a transaction is under $25.
The road of America's EMV migration has been one of missed and rejigged deadlines and targets. However, according to Visa - which described the liability shift as a "significant undertaking" - a more positive mood is in the air as over 300 million chip cards in market and 1.2 million merchant locations are now accepting chip cards. An average of 23,000 new merchant locations become chip-ready each week.
Hitting its fifth birthday this year, Stockholm’s iZettle is taking another step beyond its core mobile payments business with the launch of a new tool to help small and medium-shaped businesses talk to their customers.
Samsung has launched its mobile wallet in Spain this week, marking its first entry into the European market. Already live in the US, South Korea and China, the firm is now looking to make its mark in Europe.
Canadians are saying yes to contactless payments.
More than a quarter of those that can make mobile payments in the US are doing so, but low acceptance across stores and the number of older phones that cannot actually support payments means that paying on plastic still dominates.
In this guest post Marie-Louise Dalton, Marketing Director EMEA at Connexity, a tech-driven market research company, discusses the findings of the company's recent research about the preferred payments methods of younger shoppers.
The UK taking on the US for investment in payments businesses may not seem like a fair fight, but our plucky David is doing very well, according to a new report from the Emerging Payments Association.
Following on from last week's discussion about the future of cash, research from Barclaycard shows that contactless transactions increased by 164% in value and 135% in volume last year alone compared with 2014 and that its popularity will only continue to rise as more and more UK cities embrace technological innovations.
One of the biggest conferences in the US fintech space, Money 2020 Las Vegas, is launching in Europe for the first time this April in a move that speaks to the region’s growing reputation as a launching ground for financial tech startups.
