By Judith Clark, QSA Consultant With 95% of credit cards in Canada supporting contactless, 165 million contactless cards across Europe and one out of three card payments being contactless in the UK; the total amount spent in the UK is estimated to be approximately £23 billion for the first six months of 2017. The popularity […]
By Paul Prior, Senior Vice President Client Engagement As recently reported (BBC, CNBC), Mastercard have just released a payment card with an in-built fingerprint sensor. There is no question that the introduction of EMV has had a significant impact on driving down card-present fraud and while fingerprint scanners are not foolproof this type of biometric authentication […]
The end of October marked the one year anniversary of EMV. As expected there have been a few highs and lows during this time. The transformation has overall been successful with fraud largely dropping and consumer adaptation at a high, however small to medium businesses still have a way to go in relation to getting […]
By Natasja Bolton, Senior Acquirer Support QSA In 2012, Mastercard published the results of their survey of the global mobile payments landscape in their Mastercard Mobile Payments Readiness Index. The survey recognised that while mobile payments adoption has dependencies on six major elements from infrastructure and financial services to regulation, the critical success factor for […]
By Natasja Bolton, Senior Acquirer Support The EMV roll out across the U.S was never going to be an easy task; with so many organisations and businesses affected by the change it was bound to be challenging. However, impressive progress has been made: since December 2015, 766,000 merchant locations have been chip-enabled in the U.S, […]
By Natasja Bolton, Acquirer Support Manager Back in late October 2015, we reported how some SMB’s were stating that the “EMV transition is overwhelming”. Fast forward nearly 5 months, the question arising is: how successful has the EMV roll out been so far? From a consumer perspective, the roll out has seen an estimated […]
With the EMV transition deadline of October 1st having passed, many small business have still not upgraded their terminals to the new standard and many are not aware of the financial and legal liabilities that they are now responsible for. In fact many small business are feeling overwhelmed, according to a recent article on Paymenteye.com. […]
With the EMV deadline of October 1st 2015 here and gone a reported 85% of merchants not being aware of the financial and legal liabilities they’ll be responsible for, we look at what impact it will have on merchants. In the infographic “Bye, bye magnetic-stripe, hello microchips” we examine the key impacts the EMV […]
With 85% of merchant businesses unaware of the financial and legal liabilities they’ll be responsible for starting at the beginning of October, we take a look at the key impacts that will affect these businesses. “Download our whitepaper: Taking-Care-of-Business-in-the-U.S. where we examine what the impact the EMV roll out will have on merchants and list potential […]
August 5th, 2015, Dublin, Ireland / Atlanta, Georgia – Sysnet Global Solutions, today announced the launch of a new out-sourced Merchant Contact Service, tailored specifically for acquiring and ISO organisations. The fully scalable, on-demand service enables acquiring organisations to respond to market conditions while also proactively engaging with customers through their customers preferred channel; […]
by Paul Prior, SVP Client Engagement Much has been written over the past number of months in the payments industry regarding the adoption of EMV in the US and yet there remains an unfortunate misconception that its introduction means that PCI DSS “goes away”. The reality however is that this is not the case […]
Though EMV Chip technology (chip and pin) has been effective in decreasing card fraud, criminals are increasingly using new methods to compromise data. From July 1st 2015, requirement 9.9 will be enforced by the Payment Card Industry Security Standards Council (PCI SSC). This requirement will ensure that merchants have controls and countermeasures in place […]
by Paul Prior, Chief Product Officer Despite the fact that the PCI DSS has been around for more than a decade now and that version 3.0 has recently been published, there remains some confusion about what makes a merchant compliant. This is particularly evident in the Level 4 space, largely resulting from a general deficit […]
