The Payments Security Task Force (PST) shared the latest in a series of updates from payment card issuers, acquirers, and merchants on the U.S. move to chip technology. The PST’s eight financial institutions reported that 30 percent of their U.S. consumer credit and debit cards contain EMV chips as of June 30. These issuers represent
With just hours before the October 1 liability shift, new data from MasterCard reveals that 40 percent of all U.S. MasterCard-branded consumer credit cards feature EMV chip technology. According to a Payments Security Task Force forecast announced earlier today, the number of chip cards in the U.S. will to grow to 60 percent by the
UnionPay International and SBM jointly declared that all merchants and ATMs of the latter have been opened to accept UnionPay cards (card number starting with 62). So far, the coverage of local merchants and ATMs accepting UnionPay cards has been increased to 90% and 60% respectively. It also means that UnionPay International has realized its
Sterling Payment Technologies, a national payment processor and provider of integrated payment solutions, recently announced that it has completed certification for an EMV-capable solution for software developers with Datacap Systems, a leading integrated payments middleware provider. Certification with the card brands is expected to be completed in the coming weeks. Because of the EMV liability
Emerging Markets Payments (EMP), the leading electronic payments processing company in Africa and the Middle East, and Guaranty Trust Bank (GTB) announced a processing partnership for debit and credit cards that has enabled GTBank to launch the first platinum MasterCard Credit Card in Kenya. The launch of GTBank’s Platinum card reflects demand from a growing
Wirecard is now also handling all processing of online credit card and PayPal payments for Sky subscriptions. With a current figure of around 4.3 million subscribers, Sky Deutschland is the largest pay TV provider in the German-speaking region. The Wirecard Bank will be providing credit card acceptance. Wirecard has been responsible for processing the payments
Fiserv, Inc., a leading global provider of financial services technology solutions, has developed a robust EMV Education and Marketing Program to prepare financial institutions as well as aid in cardholder awareness and comfort with a new payment experience. While consumer familiarity with EMV or chip cards has doubled over the last year, from 31 percent
MUFG Union Bank announced the launch of its Commercial Card Program designed for corporate clients’ procure-to-pay needs. The Commercial Card platform offers benefits that include advanced technology, dedicated client support, security, convenience, and improved visibility and control over the payables process. In addition, the bank’s Commercial Cards can help clients identify opportunities for cost savings,
Millions of MasterCard cardholders will soon have even more ways to make safe and convenient mobile payments. Google announced that they are beginning to roll out Android Pay in the U.S., enabling seamless and secure contactless payments at millions of locations across the country where MasterCard contactless payments are accepted. Over the next few days,
Emerging Markets Payments (EMP), the leading payments processessing company in Africa and the Middle East, is pleased to announce the launch of EMPay, its latest virtual card for the market. EMPay is an innovative pre-paid, non-reloadable e-commerce product that will be made available to banks across EMP’s client base. As a prepaid product, EMPay is
