EMV Liability Shift

3 Big Changes At The Checkout Now That The EMV Liability Shift Date Has Passed The EMV liability shift deadline has come and gone. That means all U.S. businesses using non-EMV-compliant technology will be held responsible in the event of a fraudulent payment card transaction. While these new cards may be unfamiliar to shoppers stateside, it’s a transition that many other countries have successfully made. In fact, the United States is one of the last countries to adopt chip card

2015 Most Secure Holiday Season On Record

“Payment fraud is an unfortunate fact of life,” Stephanie Ericksen, Vice President of Risk Products at Visa, recently told PYMNTS. “And when shopping volume spikes, as it does around the holidays, so, too, does the threat posed by fraudsters and criminals.” According to Visa data that Ericksen shares, the amount spent on the holidays in the U.S. this year will be significant. On the most recent Thanksgiving Day alone, in fact, Visa accountholders stateside made $1.5 billion in online purchases —

Mastercard-Zero Liability

Many of the rules surrounding consumer protection against unauthorized transactions are not only inconsistent, but also pretty dated. Nancy O’Malley, Group Executive and Chief Payment System Integrity Officer of MasterCard, briefed MPD CEO Karen Webster on its global initiative to modernize thezero liability promise to bring it up to speed with today’s digital marketplace. Zero Liability is going global. At least for MasterCard consumer and small business cardholders. In an effort to make current a standard that was established in

Samsung Pay

Samsung may use its Samsung Pay mobile payments service to launch the next generation of P2P payments. Phone-to-phone payments, that is. A Business Korea article recently reported that the company is working on implementing a technology that enables payments to be exchanged between smartphones using NFC chips. Because Samsung Pay uses NCF and magnetic secure transmission (MST) technology to enable its payment transfers, having the ability to pay a person via the devices seems to be the next logical step. While


There’s a perfect storm brewing in mobile payments. And it’s a storm that the shift to chip cards in the U.S. has intensified. That, in combination with the pressure on retailers to drive the top line and the massive ubiquity of smartphones, will only accelerate the move to mobile commerce in the U.S. Finally. A move that will likely take mobile payments right to the cloud – at least for a few big merchant sectors – and pretty fast. There


All eyes are on the Oct. 1 EMV liability shift deadline – but where does the U.S. really stand and what can the payments ecosystem expect to see over the course of the coming years? Stephanie Ericksen, VP of Global Risk Products at Visa Inc., sat down with MPD CEO Karen Webster to discuss Visa’s take on the lay of the EMV land. KW: Give us your perspective on the EMV migration in the U.S. At this point in our

Why There Will Always Be A Market For Fixed Point Of Sale

Point of sale (POS) systems have long stood at the heart of every retail business and remain one of the largest technical investments a retailer will make during the initial development of its company. With new technologies emerging on a seemingly daily basis, new ways of accepting payment are fast arriving on the market. To some VARs, the new mobile point of sale technologies have begun to transform the services available to brick-and-mortar retail — but in light of this


After all the excitement and pageantry that was Apple’s Big Event in San Francisco last week, the team at Apple is now back at work. This week iOS 9 dropped — and with a good deal more peace in the valley than the introduction of iOS 8 late last year brought along with it. With that release, Apple Pay has managed to capture all four major card networks in its web with Discover now a part of the Apple Pay party


Figuring out how, why, when and where consumers will adopt, en masse, new ways to pay is the mobile payments riddle, wrapped in an enigma, shrouded in mystery. And it’s a puzzle that many an innovator has been trying to solve for a very long time. Well, today, those innovators may have some brand new clues that could make that riddle easier to solve. MasterCard has released brand new research that provides new insight into the two big questions that


B2B ePayments are shifting into more than just a way for businesses to manage employee spending. Consulting firm Deloitte has released new analysis that suggests while companies in Australia and New Zealand are far from achieving the full benefits of digital payment methods in their B2B deals, they are on track to ditching paper. Deloitte’s Visa-sponsored “B2B Payments 2015 Australia and New Zealand Research” report, published last week, made some not-so-common conclusions about B2B payments in the region: Businesses are