BankNews April 2015

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Search Results: EMV

Identification Systems Group Announces Financial EMV Certification Program

May 28 – Identification Systems Group (ISG), the nationwide network of local identification system integrators, has announced its Financial EMV certification program. The certification program is called IFCC, which stands for ISG Financial Card Certification. The result of this certification program is a more highly educated representative that can assist financial institutions with navigating the complex EMV landscape.

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CSI White Paper, Expert Available: The Road to U.S. EMV Migration

May 18 – In an effort to provide financial institutions with the knowledge and tools needed to successfully deploy EMV technology, Computer Services, Inc. (CSI), has published a white paper detailing key considerations and best practices banks can use as EMV becomes a reality in the U.S.

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EMV Migration Forum Provides Guidance for Contactless Debit Transactions in White Paper Addendum

May 8 – The EMV Migration Forum is providing new guidance to the U.S. debit payments industry by releasing a document to enhance their technical EMV debit framework.

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EMVCo Reports 3.4 Billion EMV Chip Payment Cards in Global Circulation

May 8 – Official figures for Q4 2014 released by the global technical body EMVCo show that significant advances are being made globally in the adoption of EMV® chip technology. By the end of last year, the number of EMV payment cards in circulation rose by 1 billion, up 43%, to 3.4 billion, from 2.37 billion in Q4 2013.

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U.S. shift to EMV gathers momentum

May 5 – America will have finally completed the shift to EMV chip cards by the end of 2017, according to a trade body set up to push the migration from magstripe plastic.

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Heartland and PAX Team Up for EMV Terminals

April 30 – Heartland Payment Systems has teamed with PAX Technology, Inc. to provide Europay, MasterCard, and Visa (EMV)-compliant payment terminals through its Heartland Secure card data security solution and comprehensive breach warranty.

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Elavon Releases SDK for Apple Pay and EMV Migration

April 9 – Elavon, a leading global payments provider and wholly owned subsidiary of U.S. Bancorp, has announced its new software development kit, Commerce SDK, which enables businesses to start accepting ApplePay™ and streamlines a path to EMV.

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TAS Group and Net Element Enter Strategic Partnership to Develop EMV Solutions, Card Management Systems and Mobile Payment Technologies

April 7 – TAS Group, a global innovative solutions provider of card management systems, electronic payments and financial markets, and Net Element, a global technology provider of mobile payment and value-added transactional services, have entered into a strategic partnership to develop and promote Europay, MasterCard, and Visa (“EMV”) chip-enabled solutions, card management systems, and mobile payment technologies in the U.S. and various global markets.

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White Paper on EMV PIN Change at the ATM

April 1 – Many U.S. issuers and acquirers currently do not offer PIN change at the ATM, and industry stakeholders often ask if an EMV migration project is a good time to implement this service to offer added convenience to cardholders. The EMV Migration Forum has released a white paper to provide guidance for ATM owners and issuers who are contemplating implementing PIN change at the ATM as part of, or subsequent to, their U.S. EMV migration.

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Financial Professionals Confident That EMV Cards Will Help Mitigate Credit/Debit Card Fraud

March 27 – New research by the Association for Financial Professionals found that financial professionals believe EMV technology will greatly aid their efforts in the fight against credit and debit card fraud.

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