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Chip Card Nightmares?

As a consumer, I've noticed that EMV/Chip card transaction are slower.  As a payments industry consultant, I know EMV transactions are more secure for retail transactions but do nothing for online transactions.  EMV transactions will get faster and ubiquitous in retail.  As the following article from the WSJ argues, mobile payments will speed the adoption - http://on.wsj.com/2aOcl9I 

By | 2016-08-03T12:59:44+00:00 August 3rd, 2016|General|0 Comments

EMV Status Report

By most industry accounts about 25-30% of US merchants are ready to process EMV transactions on October 1, just three days away.  This is not surprising as EMV enablement is complex, costly and just one part of the payments security layer (more on this later). […]

By | 2017-04-19T13:12:16+00:00 September 28th, 2015|Education, General|0 Comments

Collusion Course: Allegations Muddle Interchange Settlements

Anand Goel was recently quoted in an article on AFP by Andrew Deichler.  This is a great article discussing why the $5.7 billion interchange settlement between Visa/MC and retailers might be in jeopardy. Here is a preview with a link to the entire article. The controversial $5.7 billion settlement between Visa, MasterCard and retailers over [...]

By | 2015-08-19T13:56:20+00:00 August 19th, 2015|General|0 Comments

Debit Network Distinctions Blur

Good article from First Annapolis on debit networks and congruence between duel and single message networks.  Read original article here. The debit industry has been in a state of upheaval over the last five years, particularly with regard to the historical distinctions between dual-message (Signature debit) and single-message (PIN debit) systems. Looking to the full [...]

By | 2017-04-19T13:12:17+00:00 August 15th, 2015|Education|0 Comments

Reducing Pain of EMV & POS Upgrades

Many retailers are struggling with the cost and time involved with upgrading their payments infrastructure to accommodate for EMV cards and contactless payments, including Apple Pay.  The challenge is not just replacing the payment terminals with a Verifone or Ingenico EMV capable terminal.  The greater challenge is certifying/upgrading every link in the payments communication chain [...]

By | 2017-04-19T13:12:17+00:00 July 10th, 2015|Education|0 Comments

European Interchange Update

The following article presents a good overview of regulatory changes to EU credit interchange rates.  It also provides some context with Australian and U.S. interchange developments. Read more here...

By | 2015-08-04T11:09:24+00:00 June 22nd, 2015|Education|0 Comments

Merchants Allowed to Steer Customers Away from AmEx

As we noted in a post last month, AmEx was told on May 5th by Judge Garaufis of the U.S. District Court for the Eastern District of New York that it cannot enforce its anti-steering rules.  AmEx was seeking a stay of this ruling pending its appeal.  The stay was denied  this past week.  This [...]

By | 2017-04-19T13:12:17+00:00 June 20th, 2015|Education|0 Comments

Why Retailers Aren’t Rushing to Adopt EMV

This is a great article by Andrew Deichler at AFP that talks about merchant priorities for card security.  Many retailers are rightly favoring encryption and tokenization solutions and mobile payments acceptance ahead of implementing EMV.  Read the full article here... The EMV liability shift is coming in October 2015, but don’t expect the entire retail [...]

By | 2017-04-19T13:12:17+00:00 May 19th, 2015|Education|0 Comments

AmEx told it cannot enforce anti-steering rules

This is not surprising but yesterday, Judge Garaufis of the U.S. District Court for the Eastern District of New York issued an injunction prohibiting American Express from enforcing its Anti-Steering Rules (also called “Non-Discrimination Provisions”), which prevent merchants from steering customers to other credit or debit cards.  The order is effective in 30 days, or [...]

By | 2015-08-04T11:11:07+00:00 May 6th, 2015|Education|0 Comments

Visa FANF Changes in April & July 2015

Visa introduced number of changes to its Fixed Acquirer Network Fee (FANF) structure last year that will become effective on April 1, 2015 and July 15, 2015.  The changes impact payment aggregators like PayPal and Square, small merchants with less than $1,250 in monthly Visa sales volume and select merchants operating unattended terminals/kiosks. Read the changes [...]

By | 2017-04-19T13:12:17+00:00 April 22nd, 2015|Education|0 Comments