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US merchants pushed to improve payments acceptance and security
The results of a new survey has been released from group of payment networks and card issuers lobbying against merchants in which the key findings are that merchants should “step... more
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EMV payment card market struggles for growth as saturation levels hit
Global EMV payment card shipments reached just under 3 billion in 2016, marking a year-on-year (YoY) increase of less than 1%. Between 2012 and 2015. The market became accustomed to annual growth rates in the 20% to 35% range, as first China and then the US began their respective EMV migration programs. But as overstocking, paired [...]
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U.S. Payments Forum: top priorities for 2017
The U.S. Payments Forum has released its winter 2017 market snapshot, providing updates on the status of the US EMV chip migration, 2017 priorities for accelerating merchant chip enablement and securing the card-not-present channel, and recently-released resources for the payments industry. The U.S. Payments Forum, a cross-industry body focused on deployment of new and emerging payments [...]
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Tracking the increase in US EMV based transactions
A year has passed since the US EMV fraud liability shift went into effect in the US. Adoption among both issuers and merchants is still underway, but as migration on both sides of the payments value chain increases, US EMV chip transactions are beginning to represent a meaningful percentage of overall debit transaction volume. First [...]
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Mastercard report 80% EMV chip card penetration in US – fraud down
Mastercard announced that 80% of its US consumer credit cards have chips, representing an 88% increase in chip card adoption since the October 1, 2015 liability shift started to bring EMV-secured payments to the US. The company also sees 1.7 million chip-active merchant locations on its network, representing nearly 30% of the US merchant population [...]
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