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 […]
Biometrics has largely been hailed as the future of consumer identification, authentication, and confirmation of transactions. Though in South Africa, Mastercard has been trialling a chip and PIN bankcard that includes a fingerprint reader, to date the technology has largely not appeared in Point of Sale (POS) devices or in more traditional payment areas. […]
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 […]
By Natasja Bolton, Senior Acquirer Support QSA Mobile Payments, a broad term covering consumer and merchant-initiated mobile payment methods, have been gaining acceptance in the market place; however, have these methods achieved broad acceptance with consumers and businesses alike? In our article ‘State of Pay – have mobile payments reached a turning point?’ we […]
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 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, Senior Acquirer Support Face to face card payment transactions generate two receipts – the cardholder copy, on which the Primary Account Number (PAN) must be truncated, and the merchant copy which will usually show the full PAN. Businesses are well aware that they must retain their merchant copy receipts in […]
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 […]
