Verifone EMV Articles October 2016

Verifone EMV Articles October 2016

Pay by Mastercard direct from your dashboard | By: Fixextra
Motorists can soon take advantage of OnStar Go, an intelligent dashboard developed by IBM Watson for General Motors. This ‘cognitive platform’ will hit the road in 2017 deployed across two million GM vehicles.  

Nilson reports card fraud losses reach $21.84 billion in 2015 | By: The Green Sheet
Over 38% of gross card fraud losses worldwide can be attributed to the U.S., while only generating 22.9% of total global expenditure volume. According to Nilson, for every $100 in volume, 6.97¢ was fraudulent, up by 12.24% from 2014.

Federal Reserve’s Secure Payments Task Force Identifies Key Priorities, Seeks Industry Feedback | By: FedPayments Improvement
The Secure Payments Task Force is seeking feedback from members of the payment ecosystem on solutions outlined to address the following payments issues:

  • Payment Identity Management

  • Information Sharing for the Mitigation of Payments Risk/Fraud

  • Data Protection

The Road to the Cashless Society | By: Finextra
A recent report from WorldPay suggests that one third of consumers believe cash will become obsolete by 2020. Contactless payments have taken the market by storm, quickly becoming a popular method of payment for consumers. Pay by tapping your chip card or a mobile wallet.

NRF Forecasts Holiday Sales to Increase 3.6% | By: NRF
Consumers in the U.S. have regained confidence in spending, making 2016 an optimistically strong year for the retail industry. Forecasters are hopeful this will ride out for the rest of the year. NRF has forecasted 2016’s holiday spend to reach $655.8 billion.

G7 Sets Common Cyber-Security Guidelines for Financial Sector | By: Yahoo Tech
The G7 leaders congregated earlier this week to establish non-binding cross-border guidelines that will mitigate the risk of cyber-security threats. The leaders hope the guidelines will get firms and regulators to approach risks the same way.

Mastercard Launches it’s ‘Selfie Pay’ Biometric Authentication App in Europe | By: Tech Crunch
Mastercard’s biometric payment authentication called ‘Mastercard Identity Check’ has officially rolled out in 12 countries in Europe.This technology supports two methods of authentication; fingerprint biometrics and facial recognition.

Convenience Store Sales Stay Strong, Retailer Optimistic For Fourth Quarter | By: NACS
More than two-thirds of surveyed sites reported an increase in sales from January-September 2016, compared against the same period last year. The increase is predominantly attributed to new foodservice offerings and liquor sales.

Visa Reports U.S. Chip Card Launch Makes Significant Progress in Frist Year | By: The Green Sheet
A year has officially elapsed since the U.S. EMV Liability Shift and Visa is celebrating this past year’s milestones; decline in fraud at EMV-enabled sites, immense adoption of mobile payments, and consistent checkout experiences in developed markets.