Randy Vanderhoof
DirectorRandy Vanderhoof is director of the U.S. Payments Forum.
Randy Vanderhoof is director of the U.S. Payments Forum.
With a solution that addresses the unique security, transaction speed and integration requirements of the transit environment, EMV contactless open payments for transit can become a reality and change our public transportation experiences for the better, writes Randy Vanderhoof, director of the U.S. Payments Forum.
One-time passcodes or more complex passwords are not enough, and add friction and potential frustration for the user. The solution is mobile identity authentication, writes Randy Vanderhoof, executive director of the Secure Technology Alliance.
The U.S. migration has passed the one-year mark, but more key dates are on the horizon.
The U.S. migration to EMV chip technology intended to reduce card fraud, provide global interoperability, and enable safer payment transactions may prove to be a valuable move for more than just the payments industry.
Many small banks and credit unions today offer convenient, in-house instant card issuance to their customers to stand out from the pack.
ATMs are an important component of the move to EMV chip payment technology in the U.S.
For the financial and retail industries, mobile is becoming a significant part of the strategy for delivering valuable content and services to customers. Two technologies in particular are available on many of todays smartphones and are being looked at to enhance consumer experience: Near Field Communications (NFC) and Bluetooth low energy (BLE).
The U.S. is roughly two years into its migration to chip payments, but in the last few months I have seen the tide turn and this migration start to really pick up speed. But before I talk about where we are now, its important to understand where we have been and how we have arrived here.