Friday , September 30, 2022

90% of Transactions Use EMV Tech and other Digital Transactions News briefs from 6/8/22

  • EMVCo reported the number of EMV chip cards in circulation globally has grown by 1.1 billion over the past year to a total of 12 billion. Some 68% of all cards issued are now EMV-enabled and 90% of all card-present transactions use EMV chip technology, according to the global standards body.
  • Paysafe Ltd. said that although embedded finance is said to be a hot payments trend, research it has commissioned shows 49% of consumers have never heard of the term and another 23% don’t know what it means. Paysafe’s research included 11,000 consumers in Europe, North America, and Latin America.
  • Some 85% of retail executives expect digital-currency payments will be “ubiquitous” within their industries within five years, according to a survey of 2,000 senior U.S. retail executives by consulting firm Deloitte. The survey was conducted in December, with results announced Wednesday.
  • U.S.-based payments provider Yapstone is expanding its operations in Brazil and Argentina.
  • U.S.-based NMI said Scheidt & Bachmann, a systems provider for mobility, added another NMI payment service for parking pay stations across the United Kingdom.
  • Gift card and loyalty provider Factor4 LLC said payments provider Talus Pay will offer its services to Talus Pay merchants.
  • Buy now, pay later provider Afterpay said HBX, the e-commerce platform of contemporary culture and lifestyle platform Hypebeast, added its BNPL service as a payment option.
  • BitPay, a payments service based on cryptocurrency, said wallet provider Edge has adopted its payment protocol to allow Edge users to spend crypto in-store and online.
  • Sila, a provider of application programming interfaces for automated clearing house payments, has been named a preferred partner for ACH Enablement and Payments by Nacha, the governing body for the ACH.
  • The Accredited Standards Committee X9 Inc. announced its intent to develop a standard for Quick Response code management and security, including associated cryptographic key management, for use within financial services.

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