Tag Archives: EMV

Philippines – BSP sets June 2018 deadline for banks’ shift to EMV technology

By | June 15, 2017

BANKS have roughly a year left to complete the shift to chip-based cards, as the Bangko Sentral ng Pilipinas (BSP) tightened rules to prod financial firms to adopt the more secure platform for its clients.   In a statement, the BSP gave Philippine banks a June 30, 2018 deadline to fully adopt the Europay Mastercard Visa (EMV) technology,… Read More »

Philippines – EMV-delayed banks must set aside funds to cover losses

By | June 13, 2017

BANKS that are not yet Europay Mastercard Visa (EMV)-compliant will soon have to aside provisions to cover any operational loss that may be incurred for not having a more secure chip-based technology, the central bank said. EMV is the global standard for chip-based credit and debit card transactions that are supposedly more difficult for fraudsters to hack into,… Read More »

ICC Solutions releases the updated INTERAC U.S. Test Suite

By | June 13, 2017

ICC Solutions is delighted to announce the release of the updated INTERAC U.S. Test Suite, hosted on the industry leading ICCSimTMat test tool platform, which has been fully tested and registered by Interac Association. This test suite enables Acquirers, VAR’s, ISV’s and Merchants to perform EMV level 3 contact chip terminal integration tests to achieve formal accreditation with… Read More »

FIME becomes largest global network of EMVCo accredited laboratories

By | April 24, 2017

Six test centers now support terminal and mPOS manufacturers globally with EMVCo Level 1 testing. FIME today announces that, with the addition of four new accreditations, six of its laboratories around the world are approved by EMVCo to perform Level 1 tests according to EMV® Type Approval – Contactless Terminal Level 1 version 2.6b on contactless payment terminals… Read More »

Philippines – BSP Eyes ‘Hard Deadline’ for Shift to Chip Cards

By | April 10, 2017

The central bank said it would soon set a “hard deadline” for banks to switch to a more secure EMV chip technology for automated teller machine and credit cards from the vulnerable magnetic stripe technology. The EMV or Europay Mastercard Visa is the global standard for chip-based credit and debit transactions that makes its difficult for fraudsters to… Read More »