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Visa US EMV figures show slow progress
18% of the 720 million Visa-branded credit, debit, and prepaid cards in the US contained an EMV chip as of July, according to new Visa figures. Visa’s figures also indicate about 295,000 merchant locations were enabled for chip card acceptance at the end of July, up 19% from the 247,000 at the end of June. However, [...]
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US EMV migration – Three lessons from Canada
At the risk of sounding like the new Weather Channel website, can we learn anything about EMV migration from Canada? After all, they have already upgraded or replaced more than 60,000 ATMs to accommodate EMV. Has this had any impact on the level of debit fraud in Canada? While ATM EMV migration in the US will be [...]
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US EMV migration: Chip and signature is a joke!
“The fact that we didn’t go to PIN is such a joke,” says Mike Cook, Walmart’s assistant treasurer and a senior vice president, in reference to the USA’s current EMV migration where chip and PIN or chip and signature are equally acceptable. “Signature is worthless as a form of authentication,” continues Cook, with Walmart preferring [...]
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