Tuesday , September 22, 2020

Smart Cards

Eye on Mass Transit: Uber Buys Routematch; Visa Contactless Rebounds; Philly Gets Mobile Wallets

With its core ride-hailing business ravaged by the Covid-19 pandemic, Uber Technologies Inc. has been looking to move further into adjacent transportation markets, including mass-transit ticketing and payments. This week, the company said it had bought Routematch Software, a 20-year-old, Atlanta-based developer of systems that manage trip booking and ticketing, …

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COMMENTARY: Covid-19 Changed Demand for Cashless Payments. Are Small Businesses Ready?

The month of June gave Google Pay an extended moment. Early in the month, the tech press started circulating rumors that Google planned to add merchant buttons inside the app. This feature would allow both digital and brick-and-mortar businesses to accept customer payments within Google Pay.  But users in India …

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‘Tens of Thousands of Dollars’ in Fraud for Operators That Don’t Upgrade Gas Pumps to EMV, a Report Estimates

When the big card networks this spring postponed until April 2021 the fraud-liability deadline for EMV chip cards at gas pumps, the retail fuel industry heaved a huge sigh of relief. But now estimates are emerging that indicate even relatively small gas-station operators that don’t enable their pumps for EMV …

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Some E-Commerce Categories Return to Growth While Small Business Sales Continue Double-Digit Rise

While e-commerce sales overall have ballooned for many merchants since the March 11 declaration of the Covid-19 pandemic, health-and-beauty and business supplies generally did not. Until last week. Online business supplies sales were up 21% and health-and-beauty sales were up 20% for the week of June 16-22, reports the Signifyd …

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Amadis Announces EMV Tool for Petroleum and other Digital Transactions News briefs from 6/24/20

Amadis, a payment software provider, announced an EMV migration product for petroleum and convenience stores. In conjunction with Advanced Mobile Payment Inc. and Texas Engineering Consulting Systems and Services, Amadis developed a proprietary Android-based contactless pay-at-the-pump product that decouples the fuel pump dispenser from the point-of-sale system, enabling payment authorization to take …

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Covid-19’s Payment Choice Impact and other Digital Transactions News briefs from 6/8/20

Fearing Covid-19, consumers are less likely to use any method to make a payment in a store these days, but 20% say they have used a smart phone or smart watch do so in the past week, no change from a year ago, even though fewer say they have used a debit …

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Touch-Free Commerce Takes Root As Contactless Payments Surge 150% Among Cardknox Merchants

More evidence that consumers are finally adopting contactless payments emerged  as Cardknox, a payment gateway, noted a 150% increase in contactless payment use from just from November to April. Announced Thursday, the increase, albeit lacking volume details, indicates consumers’ mindfulness about reducing physical contact with point-of-sale terminals. Cardknox said some of …

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The U.S. EMV Chip Card Count Surpasses 1 Billion

Four years after the EMV chip card standard became the law of the U.S. payments land, the number of credit and debit cards with an EMV chip now exceeds 1 billion, and 63% of U.S. card-present transactions in 2019 involved an EMV card being read by an EMV-capable terminal, up …

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Mastercard Also Extends EMV Liability Shift for Fuel Pumps

All four card brands have now delayed for the second time their EMV liability shifts for automated fuel dispensers with Mastercard Inc.’s Monday announcement it would postpone its shift until April 16. The original shift was to have taken place in October 2017, but was deferred until October 2020. Along …

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Get Ready for the ‘Global Reset’ in Payments Spurred by Covid-19

The world’s response to Covid-19 already has accelerated trends underway in the payments business, and pandemic-spurred innovations will continue after the contagion eases, according to three senior industry executives. “The impacts of Covid-19 represent a true global reset of the entire market, not just our payments market,” said Philip McHugh, …

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