Verifone EMV Articles November 2016

Verifone EMV Articles November 2016

Visa Partners with BioConnect for Biometric Identity Platform | By:
The card brand is fostering the acceptance of biometric authentication in the payment space. Broadening the authentication methods at checkout—including fingerprint, iris scan, and facial recognition. 

Why even payments experts have trouble at the point of sale | By: Payment Source
Have you experienced confusion at the checkout lately? Consumers who are eager to adopt mobile payments are having to revert back to other methods because some merchants are not equipped to accept contactless payments.

77% of POS terminals to be NFC-ready by 2020 | By: Finextra
Over 45 million NFC-enabled terminals are currently being employed by merchants globally. This is expected to grow to 86.9 million units by 2020.

Nilson releases annual study on payment cards | By: The Green Sheet
The number of electronic transactions processed on U.S. issued payment cards surpassed 104 billion in 2015, up 8.0% from the previous year. Total expenditures on said cards for goods and services reached $5.805 trillion.

The Real-Time Fraud Intelligence Factor | By:
Now more than ever, merchants must consider real-time fraud prevention tactics, especially for ecommerce. Verifying the identity of your online customers will mitigate the risk of CNP fraud.

Excentus Loyalty Programs for C-Stores | By: Convenience Store News
C-Stores can digitally leverage their punch-card loyalty programs to meet the growing demand of consumers for convenient payment technologies. Excentus has partnered up with Verifone to deliver a custom-built program, supported within the Verifone Commander Site Controller.

Don’t Overturn Debit Reform | By: NACS Online
The Durbin Amendment, enacted in 2010 as part of the Dodd-Frank Wall Street reform package, relieves merchants from high cost of transaction fees. In the first year of reform alone, consumers saved nearly $6 billion through lower prices and added more than 40,000 jobs in the U.S.

Will Instagram’s shoppable-photos strategy finally usher in social media sales? | By: Mobile Commerce Daily
Instagram, a community with over 500 million users, relaunches the Buy Button. Social media giant has reengineered the buying experience, allowing the users to purchase products in-app via shoppable tags. 

Alipay Expands Global Footprint | By:
The financial arm of China’s Alibaba Group is expanding aggressively, enabling Chinese tourists to enjoy a consistent checkout experience worldwide. Outside of China, Alipay is supported at over 80,000 merchants.