Tag Archives: EMV Cards

Signing Off: Mastercard Moves Beyond Signatures Worldwide

By | October 18, 2018

Mastercard is the first network to make signatures optional on the card and in the store PURCHASE, NY – October 18, 2018 – As advancements in technology and security change how people pay and verify their identity, Mastercard today announced that cardholder signatures will now be optional, both on the card and on receipts. For cardholders, not needing to sign creates a… Read More »

Card fraud losses fall to 13 year low

By | October 10, 2018

The European Association for Secure Transactions (EAST) has just published a European Payment Terminal Crime Report covering the first six months of 2018 which reports that losses due to card fraud at payment terminals have fallen to the lowest level since 2005. Total losses of €107 million were reported and the decrease is primarily due to a fall… Read More »

Philippines – BSP warns of heightened ATM-related crimes

By | January 14, 2018

Fraudsters are targetting banks that are still vulnerable to debit and ATM-related crimes but this was expected by the Bangko Sentral ng Pilipinas (BSP) as the June 30 deadline for the full EMV regime nears. BSP Deputy Governor Chuchi G. Fonacier said they have monitored an increased number of bank fraud in the last few months but it… Read More »

Philippines – BDO to clients: Switch to EMV debit cards

By | October 31, 2017

BDO Unibank called on its clients to immediately obtain their debit card with embedded EMV chip to ensure wider protection against fraudulent activities usually carried out in electronic banking channels. “The bank’s objective over time is to effect a holistic approach to protecting the clients’ accounts from fraud. But to achieve this, clients must obtain their EMV chip… Read More »

ABCorp Provides US Banks With Unrivaled Dual-Interface Payment Card Solutions

By | October 18, 2017

STAMFORD, Conn., Oct. 18, 2017 /PRNewswire/ — American Banknote Corporation, a leader in financial payment solutions, today announced that it has significantly increased its capacity to produce dual-interface EMV payment cards. New investments in industry-leading equipment, technology, and the strict qualification process of suppliers, has fast-tracked ABCorp’s PCI-compliant facilities to respond to the rising demand of contactless products. With strict attention to… Read More »

UCPB shifts to EMV chip-based cards; to deactivate old, magnetic-striped cards by August 1

By | July 22, 2017

DAVAO CITY, Philippines—Out with old, in with the new. The United Coconut Planters Bank, one of the largest banks in the Philippines, announced that it will be using the Europay, Mastercard, VISA debit card which is the global standard for payment card security. As the bank shifts to an EMV chip-based cards, it further announced that it would… Read More »

Philippines – Legislators ask BSP to abbreviate EMV tech compliance

By | July 3, 2017

The chairman of the House Committee on Banks and Financial Intermediaries on Monday asked the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) to shorten the deadline for the banks to shift and upgrade to Europay, Mastercard Visa or EMV technology for their automated teller machine (ATM) cards. In his letter to BSP Governor Nestor A. Espenilla Jr.,… Read More »

Philippines – BSP urges depositors to ask for EMV-enabled ATM cards

By | June 21, 2017

he Bangko Sentral ng Pilipinas (BSP) on Wednesday said clients must ask their banks to replace their automated teller machine (ATM) cards with the latest Europay, MasterCard, Visa or EMV-enabled cards. “We’re calling on depositors, all banking clients, that if they haven’t yet changed their cards to EMV,” they should do so, BSP Assistant Governor Chuchi G. Fonacier… Read More »

India – AXIS BANK, KMRL Launch KOCHI1 Card For Commuters

By | June 17, 2017

Kochi: Axis Bank, India’s third largest private sector bank in association with Kochi Metro Rail Corporation (KMRL) has launched KMRL Axis Bank ‘Kochi1’ Card, India’s first open loop EMV contactless metro card that would make travel a convenient and hassle free experience for commuters in Kochi.  Axis Bank has partnered with National Payments Corporation of India (NPCI) in… Read More »

USA – Your new EMV credit card still has a stripe, and you are still at risk of skimming

By | April 23, 2017

BY NEAL CUSTER My card has a chip, so how did I get skimmed? In past columns, we discussed the adoption of the credit/debit card EMV system (known as “the chip” to everybody outside Europe) and the subsequent implications for consumer fraud protection. With very little fanfare, at the beginning of the year nearly every cardholder received a… Read More »

UnionPay Signs Agreement with DIBP for NFC, EMV Card

By | March 18, 2017

UnionPay International, the Global Leading Payment Network and Dubai Islamic Bank Pakistan (DIBP), Pakistan’s premier banking institution have entered into a historic agreement to issue UnionPay QuickPass (NFC) and EMV Chip Cards in Pakistan. With this initiative, DIBP will become the first Islamic bank in Pakistan to issue UnionPay QuickPass (NFC) enabled cards to its customers that allow… Read More »