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US EMV migration will take years
Its October the 1st. The deadline for US merchants to accept secure chip-enabled credit and debit cards,the US EMV migration, may take years for the conversion to be fully implemented. “Realistically, we should expect the adoption of chip cards in the US to take a few years,” says Gartner analyst Avivah Litan. Banks are issuing chip [...]
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How ready are US merchants for EMV?
The Strawhecker Group (TSG) released survey results that illustrate only 27% of US merchants will be EMV-ready by the October 1st liability shift. This represents a sizable decline from 34% estimated in March. By December 2015, 44% of US merchants are expected to adopt EMV, however EMV-readiness will not reach a threshold of least 90% [...]
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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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FIME revolutionises payment terminal kernel design
In a move which will assist EMV payment terminal, mobile point of sale (mPOS) and kernel developers to bring their products to market more efficiently, quickly and cost effectively, FIME has launched its EVAL 4dev cloud-based service. According to FIME, this is a breakthrough in the testing world, enabling users to validate EMV Level 2 payment [...]
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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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