Wednesday , July 8, 2020

Smart Cards

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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 …

Read More »

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, …

Read More »

CPI’s EMV Card Boost and other Digital Transactions News briefs from 5/6/20

Payment card manufacturer CPI Card Group Inc. said first-quarter sales of credit and debit cards rose 22% from a year earlier to $59.8 million, driven in part by strong demand for dual-interface EMV cards that support contactless payments. The company reported first-quarter net income of $2.42 million versus a loss of $3.06 …

Read More »

Visa Postponing Most Interchange Rate Changes Until April 2021

Citing the business disruptions caused by the Covid-19 pandemic, Visa Inc. announced late Tuesday that it will delay until next April most of the interchange rate changes it had planned for July. The network also publicly confirmed the six-month postponement of its EMV liability shift for fuel pumps, and further …

Read More »

Visa Will Postpone Its Fuel-Pump EMV Liability Shift for Six Months, C-Store Group Says

Visa Inc. has informed petroleum retailers that it will delay its planned EMV fuel-pump liability shift set for October until April 17, 2021, the convenience-store trade group NACS disclosed Friday. “The network’s delay was in response to letters NACS sent on behalf of its retail members to the four global …

Read More »
Do NOT follow this link or you will be banned from the site!