October 17 – The U.S. Payments Forum has released its fall 2016 market snapshot, providing statements on the status of the U.S. chip migration, its impacts on the U.S. market, and upcoming priorities and recently-released resources for moving the transition forward. The U.S. Payments Forum, formerly the EMV Migration Forum, is made up of constituents from the entire payments ecosystem and has been the source for EMV implementation guidance since the start of the migration in 2012.
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October 6 – Many cardholders and merchants have highlighted EMV transaction speeds as an area for improvement as the U.S. continues its migration to EMV chip technology. To provide guidance for issuers and merchants on speeding up EMV transaction times, the U.S. Payments Forum has released a new white paper that provides details on three approaches: “faster EMV” solutions, contactless/Near Field Communication (NFC) transactions, and EMV checkout optimization.
August 25 – Technavio has announced the top seven leading vendors that are expected to impact the market during the forecast period, in their recent global Europay, MasterCard, and Visa (EMV) cards market 2016-2020 report.
August 22 – The EMV Technical body EMVCo has announced that it has implemented a formal approval process to confirm that contactless mobile payment-enabled devices can operate seamlessly with EMV Level 1-approved payment acceptance terminals.
August 18 – Cummins Allison, a leading innovator of coin, currency and check processing technology, as well as ATMs, has announced the completion of EMV certification for all its ATMs on the Vantiv network. This certification includes both Visa and MasterCard.
August 16 – Independent ATM owners, banks and credit unions preparing to migrate to EMV chip technology at their ATMs can get important planning information and implementation best practices by attending a U.S. Payments Forumi workshop in Chicago this September. With the first fraud liability shiftii for the ATM industry approaching this October, this timely workshop will provide a non-technical review of the critical components of the EMV implementation process.
July 21 – CardFlight, a mobile point of sale (POS) technology provider, has released the latest edition of their EMV Migration Tracker with new data and trends covering EMV chip card usage in the U.S. The report shares insights on EMV chip card use among cardholders and merchants in the United States since the October 1, 2015, liability shift.
July 20 – Cummins Allison, a leading innovator of coin, currency and check processing technology, as well as ATMs has announced the completion of EMV certification for all its ATMs on the First Data network. This certification includes both Visa and MasterCard. (more…)
July 20 – The EMV Migration Forum has been instrumental in the progress of the U.S. migration to EMV chip technology by providing a forum for essential cooperation and coordination across the whole payments ecosystem, including retailers, card issuers, networks, acquirers, processors, technology providers and industry associations. To provide expanded support for the payments ecosystem, the EMV Migration Forum has announced that it will change its name to the U.S. Payments Forum. The U.S. Payments Forum will continue to support the chip migration while also broadening its focus to other new and emerging payments technologies in the U.S.