Archive for July, 2012
EMVCo reveals continuous growth in global EMV deployment
July 4, 2012 at 12:00
The latest figures released by EMVCo, the EMV® standards body, show that 45 per cent of all payment cards and 76 per cent of all payment terminals used globally are based on EMV technology. The data from EMVCo represents the latest statistics from American Express, JCB, MasterCard and Visa, as reported by their respective global…
American Express announced roadmap for U.S. EMV adoption
July 2, 2012 at 13:42
American Express announced it would be joining MasterCard, VISA and Discover in adopting EMV chip technology for contact, contactless and mobile payments in the U.S. AmEx, the last holdout of the four big card issuers, revealed its three-step migration roadmap for abandoning mag-stripe for more advanced EMV technology for all merchants, processors and issuers of…