EMV

By embracing technology such as magnetic stripe when it seemed modern, the U.S. has been slower to catch up with much newer digital innovation, argues MSTS' Brandon Spear.

The decisions made five years ago are creating problems for contactless payments today.

Because of its large U.S. network of about 14,000 fuel stations in the U.S., Royal Dutch Shell often sets the tone for industry movements in technology, including the EMV conversion, which faces an Oct. 1 liability shift.

New messaging protocols calls can meet crooks at the pass, says FIME's Jean Fang.

It seems the payments industry is once again pushing liability to the merchants with no plans to hold anyone else along the payments ecosystem accountable for ensuring that viable solutions are available, says the Merchant Advisory Group's John Drechny.

Two of the largest U.S. fueling station chains are adopting technology that separates the act of pumping gas from the transaction — and in the process, enabling that the purchase of fuel to become a gateway to in-car shopping.

The specific impetus for the Federal Trade Commission's inquiry into Visa and Mastercard's debit transaction routing processes is not entirely clear, but it likely stems from the effect that advanced payments technology has had on Durbin amendment compliance.

After getting a reprieve from a 2017 deadline, gas stations now have less than a year to upgrade to EMV security at the pump — and the card brands aren't showing signs that they will be willing to postpone this mandate another time.

Adoption of contactless is already well under way, and in a few years consumers will likely look back and recall the bad old days when valuable time was taken up waiting for transactions be processed and wonder how they ever coped without the speed, ease and convenience of contactless payment cards, writes Fiserv's Jamie Topolski.

The complexity of converting fuel pumps' hardware and software to accept EMV chip cards was such that the card brands gave pump manufacturers and gas stations an extra five years to comply. Now one year is left — and those complexities haven't diminished.

If time seems to move faster when a payments compliance deadline is looming, then owners of gas station/convenience stores in the U.S. will feel like October of 2020 will be upon them in no time.

In response to rising concern about the environment, American Express has redesigned its classic Green Card to contain recycled plastic gathered from the ocean.

U.S. counterfeit card losses have plummeted in the past four years, a signal the challenging EMV migration has made a dent.

As major U.S. cities continue to implement contactless tap-and-go acceptance to collect transit fares, at least one bank sees this trend as an opportunity to put its cards on center stage.

Brazil has one of the world's worst payment fraud problems, which has come in handy for ClearSale as it tries to cut transaction decline rates for online payments globally. The Olympics also came in handy.

Most large banks have declared their strategies for adopting contactless cards, but the rank and file of FIS’ midsize and smaller issuers are still weighing their options about when to flip the switch.

In the U.K., next-level fraud types — involving technologies such as push payments and P2P — are gaining traction now that EMV has been in place for more than a decade.

Both are useful, but each has specialties in protecting different types of transaction processes, according to Rambus Payments' Andre Stoorvogel.

Improvements in digital receipts should be enough to spur greater adoption, argues Mike Golebiowski, president of IBT.

The U.S. is already very late to the party when it comes to contactless payments. But even so, there are signs that many merchants still aren't prepared for an influx of contactless cards.