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US card issuers have surpassed the 1 billion EMV chip cards mark to take second place in total EMV cards deployed, behind the global leader, Asia Pacific. Now the shift... more
The major payments networks set the path for the US payments industry to begin the shift to EMV chip cards in 2011. One of the leading factors was that chip... more
The post Counterfeit fraud at US EMV-enabled merchants down 75% appeared first on Payments Cards & Mobile.
Sen. Dick Durbin has blasted the card network-dominated group that sets the standards for EMV cards, accusing it of mishandling the rollout of more secure credit and debit cards, lacking transparency and refusing, at the expense of retailers, to promote PIN authentication. Durbin, a longtime crusader against the major credit card companies, wrote a March letter demanding [...]
The post Durbin stirs US market for mishandling rollout of EMV cards appeared first on Payments Cards & Mobile.