How we pay around the world: EMV cards
The number of EMV chip cards in global circulation has increased to 4.8 billion by the end of 2015, an increase of 1.4 billion year-on-year, according to Global technical body EMVCo.
The number of EMV chip cards in global circulation has increased to 4.8 billion by the end of 2015, an increase of 1.4 billion year-on-year, according to Global technical body EMVCo.
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.
Welcome to our weekly round-up of all the latest news and research from the world of payments.
The payments industry absolutely loves its acronyms: PSD2, HCE, NFC, ECB. But what do they all mean? If you think you know, then this is the quiz for you!
This autumn, Apple customers will be able to make payments using Apple Pay on Safari browser on a Mac computer, said Tim Cook at the company's latest Worldwide Developers Conference in San Francisco. The company also revealed the service will be launched in new countries over next few weeks.
In news that will not be at all surprising, contactless spending went mainstream in 2015 with £7.75 billion being spent using contactless cards, compared to £2.32 billion in 2014, according to new research from the UK Cards Association (UKCA).
When the former Chief Executive of Barclays, Antony Jenkins, proclaimed in November that banking was facing an “Uber moment” due to technological ... read more
Glasgow’s subway ticketing system is going digital, with 100,000 new Bramble travel cards now in circulation.
In this guest post, Dennis Jones, CEO of mobile payments provider Judo Payments, argues the future of payments does not lie with contactless but with mobile, driven by in-app payments.