Visa tackles speed bumps on US EMV journey
With half of all fraud and 75% of all data breaches globally committed on 25% of payment cards, it comes as no surprise that the US card business cites fraud as the key driver in EMV migration. But the fact that only one million of the 14 million US acceptance locations are currently EMV enabled is a concern to the industry.
We spoke to Simon Hurry, senior business leader, Global Chip Implementations for Visa about the current status and the highs and lows of EMV adoption i
Brexit cloud hangs heavy over UK fintechs
There’s no irony lost in the potential that the home of one of the world’s most internationally integrated cities risks having its doors closed as the result of this week’s British referendum on EU membership. Among large financial technology providers, US vendor ACI sounded the alarm bells last week, with its warning of impending doom in the event of a Brexit vote. In a campaign that has been marked by a light grasp of the truth, on both sides of the debate, however conversa
Millennial women power digital banking revolution as Payfriendz tops App Store chart
Payfriendz, the London-based person-to-person (p2p) payment start-up has seen daily user download numbers of its app grow tenfold so far this year, spiking at nearly 12,000 downloads a day in February and jumping to the top of the UK Apple App Store finance chart. The app – which is a free, easy way to split bills or pay friends or family directly without the need for cash or a traditional bank account – is proving most popular with UK students for making small payments (aver
Risks in current approach to US EMV migration, says new report
“Squaring the Circle: Driving EMV Migration in the USA”, a report commissioned by omni-channel payment platform solution provider, Worldnet, and launched last night at TransAct 16 has found that payments industry professionals in the United States overwhelmingly view fraud as the key factor driving EMV Migration in the US. The report also found that issuers, acquirers and merchants have all struggled with a lack of packaged software and firmware solutions to facilitate migrat
