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The Gas Pump EMV Migration Risks Getting Stuck in Traffic
U.S. gas stations can wait until October 2017 to begin accepting EMV-chip cards or face the consequence of an increase in fraud liability, but there's already concern that the work at gas pumps could stall.
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Thirty-four percent of merchants interviewed late last year for an Aite Group research report on EMV readiness had never heard of the U.S. migration to EMV-chip payment cards, despite the fast-approaching October 2015 deadline set by the card networks. more »
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A federal judge has upheld a Texas law that bars the state's retailers from charging an additional fee to customers who pay with a credit card. more »
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They included owners and managers of a photo scanning business, an auto repair shop, an office supplies provider, a furniture retailer and a family-run electronics store. more »
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Processor First Data is working more closely with long-time partner Underwriters Laboratories to speed up the EMV testing process and certify the chip-card technology in the U.S. more »
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Despite the many high-profile breaches that occurred over the past year, too many businesses have not adopted strong security practices and as many as a third don't have a clear understanding of where their sensitive data is stored or how it is protected. more »
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A year after the Target data breach prompted retailers to step up their migration to EMV-chip acceptance, many consumers finally have EMV cards or can access the same security through Apple Pay's new mobile wallet. But will they finally change their habits? more »
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Chip testers FIME and Barnes International have developed a card personalization tool designed to help banks and card manufacturers get MasterCard-branded EMV-chip products to market sooner. more »
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Payment technology processor Acculynk has agreed to buy the intellectual property of PayPlum. more »
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Modern technology has turned the payments industry into a juggling act, particularly for those charged with deploying new techniques to protect payment card data. more »
The EMV chip-and-signature version of Square's mobile card reader, which it will sell for $29.
Square Inc. may have more incentive than other acquirers in urging merchant clients to accept EMV-chip cards, but its pricing strategy could deter some from adopting the secure technology. more »
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An executive order signed by President Obama on Friday that mandated the adoption of chip and PIN technology in government cards and enabled its use in facilities like Post Offices is a "meaningless gesture" that smacks of politics over substance. more »
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The White House is slated to unveil a major package of initiatives on Friday to increase data security for financial transactions, including an executive order to add chip-and-PIN technology to government-issued credit and debit cards. more »
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