EMV and Stars and Stripes

Has the Time Finally Arrived?

Just because you don't report the fraud doesn't mean it's not there. The U.S. is a different market but the fraud figures never really stacked up - someone is hiding something.

The cost of introducing EMV would now be more than offset by the savings in fraud. And only by introducing EMV do card issuers stand a chance of introducing new and innovative service to their customers.

If you would like some assistance in understanding what EMV will mean for you click here.

Visa cites m-payments as it pushes US to EMV

Visa has signalled its determination to push the United States into abandoning mag-stripe cards in favour of EMV chip technology; a move it says will not only improve security but accelerate the adoption of contactless mobile payments. (see here for full story).

Ingenico Welcomes the Migration and Adoption of EMV in the United States

Reacts Positively to Plans by the Card Association to Bring Smart Card Technology to the U.S.; Added Security Features to Reduce Card Fraud for Retailers and Cardholders (full story here).

 

 

 

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Borg GirlResistance is Futile

As the Borg say many times on Star Trek Resistance is Futile - You Will Comply.

Come on - We know the chipcard was invented by the French but the Brits managed to get over it and we've had to put up with them longer than the US.

If you would like some assistance in understanding what EMV will mean for you click here.

The inevitability of EMV

Bell ID identifies six myths preventing EMV migration in the US.

Download their free white paper here.

EMVCo publish a Guide to EMV as both a document and a presentation. Obtain your copy here.

 

 

 

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Introduction

The EMV-GUYS earned their stripes implementing EMV in the UK and remember the trials and tribulations experienced along the way.

We have been lying in wait for the U.S. to finally wake up and realise that they are fast becoming a third world country as far as payments are concerned. The rest of the world is continuing down the EMV route with fortunes being spent in the U.S. trying to ring the last drop of life blood out of magnetic stripe technology.

End to End encryption is a waste of time, effort and money. It's like putting a steel door on a tent - there's no point in protecting the transport medium if the token you are using is insecure.

Latest News

March 2012 - UK card fraud losses fall to 11-year low

Fraud losses on UK debit and credit cards fell seven per cent in 2011 to £341 million, an 11-year low, according to figures from the UK Cards Association.

See Finextra for the full story.

We can feel it getting closer

The rumblings have started. Some Issuers are issuing chip cards to there cardholders to ease problems for traveler and some of the bigger retailers are questioning why the U.S. isn't already EMV.

tomb stone marking the demise of magstripes

The inevitability of EMV

Bell ID identifies six myths preventing EMV migration in the US.

"EMV is a sophisticated fraud fighting technology that has already replaced magnetic stripe cards in 60 countries worldwide. With the United States being the only member of the G20 not to have adopted EMV, this industry white paper aims to highlight and dispel the 'Six Myths Preventing EMV Migration in the US' and demonstrate how the $6.8 billion of annual US fraud caused by magnetic stripe cards more than justifies investment in EMV."

Download their free white paper here.