The global standards organization overseeing the infrastructure that enables safe and seamless card-based transactions has issued new specifications it says are designed to simplify the acceptance of contactless and mobile payments globally. According to a 300+ page update released Wednesday (Oct. 5) by EMVCo (which originally stood for Europay, Mastercard and Visa), the new specifications seek to unify existing point-of-sale (POS) terminal architecture and come in response to industry concerns. “EMVCo stakeholders identified...
The circulation of EMV chip cards has increased by 1.1 billion in the past 12 months, hitting 12 billion in circulation at the end of last year, according to an EMVCo press release Wednesday (June 8). The issuance and adoption of EMV chip cards also...
More than 8.2 billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo, the industry standard organization. Globally, more than 75 percent of all cards are now enabled with EMV chip technology. In development for over...
Siam Commercial Bank (SCB), Thailand’s oldest bank, is partnering with Ripple to upgrade their mobile banking app to include cross-border payments for the country’s 16,000 customers. Ripple helped them create SCB Easy, which will serve as a way for customers to deliver quick, no-cost, cross-border...
July 15, 2019
For those who are focused on how better payments can lead to better eCommerce, the upcoming months promise to be an exciting and revealing time. That’s because the newest EMVCo payment specification is freshly out in the world, and the feedback and metrics on its success and failures will soon start emerging. In a new […]
September 05, 2018
As Sam Cooke sang: “It’s been a long time comin’ … but I know a change is gonna come.” Commerce changes slowly, at a glacial pace, it seems, until — all...
July 20, 2018
As a species, human beings tend to like consistency. That desire extends to eCommerce, too — and it’s the motivation behind a new digital payments technology called Secure Remote Commerce (SRC), backed...
December 14, 2017
Payments standardization is easy in concept, difficult in process in the age of mobile commerce. How to bridge the divides between payments firms, consumers and businesses? A few key tenets,...
August 10, 2023
According to data from EMVCo, the adoption of EMV Chip card technology is on the rise. By the end of 2022, 12.8 billion EMV® Chip cards were in global circulation, representing a 7% uptick compared to the previous year. In addition to this, 69% of all issued cards are EMV-enabled, and 93% of all card-present […]
October 05, 2022
The global standards organization overseeing the infrastructure that enables safe and seamless card-based transactions has issued new specifications it says are designed to simplify the acceptance of contactless and mobile payments globally. According to a 300+ page update released Wednesday (Oct. 5) by EMVCo (which originally stood for Europay, Mastercard...
June 08, 2022
The circulation of EMV chip cards has increased by 1.1 billion in the past 12 months, hitting 12 billion in circulation at the end of last year, according to an...
January 22, 2020
More than 8.2 billion chip-enabled consumer cards — credit and debit — are now in use across the world, according to EMVCo, the industry standard organization. Globally, more than 75...
