Exponential online sales growth paired with the EMV chip migration in the US makes e-commerce payment security for merchants more important than ever before. As EMV chip technology continues to reduce face-to-face credit card fraud, the shift to e-commerce security becomes increasingly important to businesses large and small.
Visa and Mastercard separately announced Thursday they will delay by three years — to Oct. 1, 2020 — the mandated date for implementing chip card payments at millions of automated fuel pumps in the U.S. The move comes after years of concerns by merchants about the implementation of chip cards at payment terminals at millions […]
Three representatives of small businesses said at a #u.s. house hearing Wednesday that new chip-embedded credit cards need to have added #pin #security instead of the chip and signature favored by most banks and card companies. The hearing took place nearly three weeks after an Oct. 1 deadline for retailers to update their payment terminals […]
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