Payment standards

The slow and difficult EMV migration has slowed major adoption of contactless cards, but there are signs that momentum may be turning around.

Unattended gas pumps would seem to be the perfect use case for EMV's anti-counterfeiting security, but many gas station owners are putting off their upgrades for as long as possible due to hardships that other retail categories don't face.

While the EMV fraud liability shift for most companies passed nearly two years ago, there are still pockets of stores that haven't switched over — and they can be particularly prone to the kind of fraud chip cards are designed to thwart.

Contactless payments today seem to address the slowness of EMV contact without compromising security. And unbeknownst to many, it uses the same security protocol, writes Andrey Tikhonov, senior director of payment technology for Infinite Peripherals.

Global payment gateway Payworks will partner with Squire to bring EMV chip card payments to the barbershop.

Cash is still the most popular payment method in the U.K., but contactless cards and mobile payments gained significant momentum over the past year, according to new data.

Point-to-point encryption (P2PE) advanced with the Payment Card Industry data security standard's updated guidelines in 2015, but the technology has not held the spotlight much since then.

In recent years, companies have aggressively reinvented the card-reading dongle to fit their brands and absorb new technologies like EMV and NFC. But few have succeeded in doing away with the dongle entirely.

As a large furniture retailer in South Florida, City Furniture had to decide whether to move quickly to upgrade terminals and avoid the October 2015 EMV chip card liability shift, or stay on track with a process it was already engaged in for a mobile point of sale system in its showrooms.

Bank of America will tokenize BofA cards across Mastercard and Visa portfolios in the U.S., supporting PayPal's mobile wallet.

Security software-maker Gemalto NV slumped after it announced a goodwill impairment charge of around 420 million euros ($489 million), leading to a brace of analyst downgrades.

Mobile wallets have failed to excite many consumers, but Canada has an extreme case of paralysis underscoring the stark need for ongoing incentives to get consumers to change their payment habits.

Mobile QuickPass NFC payments are accepted at nearly a half million point-of-sale terminals outside of China, and QuickPass QR code payments have been available in Hong Kong and Singapore for about a month.

EMV chips can take a company only so far, leading Oberthur to consider Morpho's expertise in biometrics and embedded security methods.

An influx of metal credit cards continues, with Capital One now encasing its popular Venture travel Visa card in metal, raising new questions about whether the marketing impact of such cards offsets their cost to manufacture—and reissue in the event of a data breach.

Punchh is betting NFC will be widespread, and it hopes to get an edge with clients with a direct connection to Apple Pay, enabling consumers to simultaneously earn and redeem restaurant loyalty program points.

As the U.S. chip card migration crawls ahead, companies that have not made the switch are at a particularly high risk for fraud.

As unattended devices, gas pumps would perhaps benefit most from EMV's anti-counterfeiting tech. They have also been among the most difficult to upgrade, prompting the card networks to give gas stations extra years to get EMV compliant. But there is progress.

As unattended devices, gas pumps would perhaps benefit most from EMV's anti-counterfeiting tech. They have also been among the most difficult to upgrade, prompting the card networks to give gas stations extra years to get EMV compliant. But there is progress.

Due in part to the U.S.'s lackluster adoption of contactless cards, mobile wallets had a slow and difficult time gaining hold among consumers and merchants that were unfamiliar with the tap-and-pay process or didn't have the right technology. The opposite problem plagues Canada, where contactless cards are so widely used that mobile adds little value.