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
As part of its commitment to protecting customers’ financial security, Chase plans to convert more than 70% of its credit and debit cards to chip technology by the end of 2015. Through these migrations, more than 80% of total Chase cardholder spending will be on chip-enabled cards. The bank is also upgrading its ATMs to
It can sometimes be difficult to totally avoid chargebacks. In light of this its best for a merchant to understand how the chargeback process works and what to expect when a chargeback request against you is requested by a cardholder. Before we look at the process, here are some of the terms you need to
