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Chip and PIN

Welcome to the News View for "Chip and PIN".

Here, on these archive pages, you'll find all of the articles on Payments News for Chip and PIN listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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November 17, 2009

Aconite, Ecebs Collaborate on Multi-Function Smart Cards

Tags » Aconite, Card Technology, Chip and PIN  » Comments (0)

Aconite has announced that it will collaborate with Ecebs Limited to develop and deliver a smart card that combines transport ticketing and payment capabilities with other services. According to the company, "he combination of Aconite’s back-office smart card administration and transaction processing software with Ecebs’ software for developing on-card applications will provide a unique end-to-end solution for managing smart card products, individual smart cards and their applications." READ MORE

November 16, 2009

MasterCard Launches Authentication Program for Mobile Devices

Tags » Authentication, Chip and PIN, ECommerce Payments, MasterCard, Mobile Payments  » Comments (0)

MasterCard has announced the launch of a solution that harnesses the mobile phone as a form factor for its Chip Authentication Program. According to MasterCard," the initiative focuses on enabling consumers to authenticate their banking and online transactions through their own mobile phone with solutions from three leading industry vendors." READ MORE

Gemalto Unveils World’s First Bio-Sourced Degradable Smart Cards

Tags » Card Technology, Chip and PIN, Gemalto, Green Banking  » Comments (0)

Gemalto_logo-140px.jpgGemalto has launched the world’s first bio-sourced degradable smart cards. According to the company, "the card body is made from renewable material, is easily recyclable and compostable, and can be incinerated without emissions of toxic fumes. Additionally, Gemalto offers packaging made from recycled paper and vegetable inks that significantly reduce the product’s environmental impact. Gemalto’s bio-sourced smart cards will be ready for mass production in the first quarter of 2010." READ MORE

November 12, 2009

Canada: Chip-Enabled Merchants Experience Fewer Chargebacks

Tags » Canada, Card Fraud, Card Technology, Chip and PIN  » Comments (0)

New findings announced by Moneris Solutions, Canada's largest payment processor, reveal that "merchants who process chip card transactions are experiencing fewer chargebacks than ever before due to increased security and fraud detection. This is the first data of its kind from Canada and demonstrates that chip cards reduce fraud and chargebacks." READ MORE

October 26, 2009

INSIDE Contactless Introduces Dual Interface Payment Platform

Tags » Chip and PIN, Contactless Payments, INSIDE Contactless  » Comments (0)

INSIDE Contactless has introduced the MicroPass 6000 dual-interface intelligent payment processor, designed as an EMV-compliant platform providing both contact and contactless operation. READ MORE

October 19, 2009

Commidea (UK) launches Ocius Sentinel for Encryption/Tokenization

Tags » Chip and PIN, Commidea, Data Security, End-to-End Encryption, PCI Compliance  » Comments (0)

Commidea, a card payment processing solution provider in the UK, has announce the launch of Ocius Sentinel - calling it "the UK's first solution to offer both true end-to-end dual encryption and tokenisation. Ocius Sentinel has been fully certified for use by the major UK acquiring banks." READ MORE

A Chip and PIN Card for US Business Travelers

Tags » Chase Card Services, Chip and PIN, JP Morgan Chase  » Comments (0)

Recently, US travelers to Europe have encountered problems having their magnetic stripe-based credit cards accepted at some merchants where Chip and PIN have been implemented. See, for example, "The End of Cards as We Knew Them?" by Glenbrook's Jacqueline Chilton.

Earlier today, JP Morgan announced several commercial card initiatives regarding expansion into Europe, the Middle East, and Africa. Included in that press release was mention of a new card that the bank will be issuing next year: J.P. Morgan’s International Dollar Card (USD) which the bank calls "a cross-border dollar solution complete with Chip and PIN security, and the ability to support clients’ needs in the Middle East, Africa, and Central and Eastern Europe, including Russia."

JP Morgan Expands Commercial Cards in EMEA

Tags » Chase Card Services, Chip and PIN, Commercial Cards, JP Morgan Chase  » Comments (0)

J.P. Morgan has announced that it has "significantly advanced its commercial card expansion initiative in Europe, the Middle East and Africa to provide corporate clients with higher degree of visibility and flexibility on spending and expenses in today’s challenging economic environment. As part of its continued investment in its global Treasury Services business, J.P. Morgan has introduced several new commercial card product offerings and service enhancements in the region, while a number of new product offerings are due to launch early next year." READ MORE

October 04, 2009

US Travelers Find Their Card Cards Sometimes Don't Work Overseas

Tags » Card Technology, Chip and PIN  » Comments (1)

In an article titled "For Americans, Plastic Buys Less Abroad", Michelle Higgins writes for the New York Times about how US-issued magnetic stripe credit cards lack a chip that is increasingly required at unattended POS locations in countries overseas. Higgins writes that "as more countries around the world move to chip-and-PIN cards, it’s inevitable that Americans will encounter more difficulties paying for things abroad."

August 26, 2009

Support Grows for MasterCard Advanced Authentication for Chip

Tags » Authentication, Chip and PIN, ECommerce Payments, MasterCard  » Comments (0)

MasterCard Logo.jpgMasterCard has announced that it has approved personal card readers and authentication servers from four vendors for MasterCard Advanced Authentication for Chip - a new EMV authentication solution that leverages the hundreds of millions of EMV cards already in the wallets of cardholders. According to MasterCard, "banks looking to manage the growing threat of online fraud can today deploy this best-of-breed two-factor authentication solution by working with leading providers to the payments industry: DSSS, Gemalto, Logos and Thales." READ MORE

August 13, 2009

More on Chip and PIN Challenges for US Travelers

Tags » Chip and PIN, Glenbrook, Payments Views  » Comments (0)

PaymentsViews_logo-140px.jpgIn a new PaymentsViews.com post, Glenbrook's Jacqueline Chilton updates her earlier post that described her personal experience trying to use her US-issued mag stripe (non-chip) credit card during a recent visit to the UK.

INSIDE Contactless, Cryptography Research Sign Patent Agreement

Tags » Card Technology, Chip and PIN, Contactless Payments, INSIDE Contactless  » Comments (0)

INSIDE Contactless and Cryptography Research have announced an agreement regarding the use of CRI’s patents covering countermeasures to Differential Power Analysis (DPA) and related attacks for INSIDE’s MicroPass and other secure semiconductor products. Under the agreement, INSIDE may use CRI's patents as part of the security strategy for its contactless semiconductor products which are used around the world in a variety of form factors – including contactless cards, key fobs, mobile payment bridge products, and NFC secure elements for mobile phones – for use in applications such as contactless payment, loyalty, identification, transit and access control. READ MORE

August 04, 2009

A Look at the Issues Associated with Mag Stripe Cards

Tags » Card Fraud, Card Technology, Chip and PIN  » Comments (0)

bank-generic_logo-140px.jpgIn an article titled "U.S. magnetic stripe credit cards on brink of extinction?", Beverly Harzog writes for CreditCards.com about the potential effects of a ban on mag stripe cards being considered by the European Payments Council.

Harzog takes a comprehensive look at the implications of such a move on US card issuers and their cardholders traveling to Europe - as well as exploring whether the US will eventually need to move from mag stripe-based cards to the Chip and PIN technology deployed in Europe and, increasingly, in other markets around the world.

July 15, 2009

Ingenico Develops Chip and PIN Self-Service Airport Kiosks

Tags » Airline Payments, Chip and PIN, Ingenico  » Comments (0)

Ingenico_logo-140px.jpgIngenico has announced a three-year partnership with Ryanair to develop the world’s first self-service passenger kiosks with chip and pin technology to allow passengers to purchase optional services such as priority boarding when they arrive at the airport. READ MORE

June 30, 2009

2008 Global Payment Card Market Survey Results

Tags » Card Technology, Chip and PIN  » Comments (0)

SmartPaymentAssociation_logo-140px.jpgThe Smart Payment Association (SPA), a group of the industry's largest manufacturers of payment smart cards, has announced findings from its 2008 market monitoring activity - undertaken in order to get a better understanding of the current status of the payment smart card market and its key trends.

"A lot of industries were severely affected by the financial crisis. Despite a slowdown in the SPA payment smart card shipments at the end of 2008, the smart card manufacturers are not as heavily impacted as others can be", said Marie-Jane Denis, President of the Smart Payment Association. "High volumes continue to be shipped around the world and a majority of regions carry on their migration to EMV standards." READ MORE

May 05, 2009

EMVCo to Hold First User Meeting, June 30-July 1, in Munich

Tags » Card Technology, Chip and PIN, EMVCo  » Comments (0)

EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, has announced that it will host an inaugural EMV User Meeting on 30 June-1 July 2009, at the Sheraton Arabellapark in Munich, Germany. Users of the EMV Specifications from across the world are invited to attend the meeting, and participate in technical discussions on the development of the EMV standard for future contact, contactless and mobile payments. READ MORE

February 03, 2009

White Eagle Launches Prepaid Chip & PIN MasterCard in UK

Tags » Chip and PIN, MasterCard, Prepaid Cards, UK  » Comments (0)

White Eagle (Europe) in conjunction with Newcastle Building Society has launched the Freedom Eagle Cash Card, an instant issue prepaid MasterCard available in a handy retail pack. According to White Eagle, the card "is fully re-loadable, unlike most other instant issue products in the market which can only be loaded once - some even have to be thrown away when the funds are exhausted. The Freedom card is fully functional even at entry level and can be easily upgraded to higher spend levels depending upon certain criteria being satisfied. The Chip & PIN facility offers additional security and the card represents great value for money." READ MORE

February 01, 2009

Central Bank of Abu Dhabi Mandates Move to Chip and PIN

Tags » Card Technology, Chip and PIN  » Comments (0)

Travis Pantin writes for The National that the Central Bank of Abu Dhabi has issued a statement requiring banks to introduce chip and PIN technology on their cards.

January 07, 2009

Gemalto First To Market with Chip Card Authentication Reader

Tags » Authentication, Card Technology, Chip and PIN, MasterCard, Online Banking  » Comments (0)

Gemalto has announced that its Ezio Pocket Reader is "the first fully certified reader made available to the market for MasterCard Advanced Authentication for Chip. The Advanced Authentication for Chip specification allows two-factor authentication on any EMV card already in use, whether or not it has been personalized according to the MasterCard Chip Authentication Program™ (CAP)." READ MORE

December 10, 2008

Visa to Strengthen Payment Security in Australia with Chip and PIN

Tags » Australia, Chip and PIN, ECommerce Payments  » Comments (1)

Visa has announced details of a five-year agenda for Australia to strengthen the security of the payments system. As part of the agenda, Visa will engage in discussions with Australian financial and merchant communities to set deadlines for the implementation of seven key security initiatives. Visa says that "all of the initiatives will provide greater protection against fraud for cardholders, merchants and financial institutions, while some will also help to reduce the time it takes to make an electronic transaction." READ MORE

December 01, 2008

A Look at Payment Card Fraud in France, Spain and the UK

Tags » Card Fraud, Chip and PIN  » Comments (0)

Peter Welch has authored a new report titled "Payment Card Fraud - France, Spain and UK" published by ECR Publishing Partnership. The report draws on statistics published by France’s Observatoire de la sécurité des cartes de paiement, ServiRed, the largest Spanish card payment network, and APACS, the UK payments association. You can request a copy of the report from Welch's web site.

October 28, 2008

Canadian Chip Card Market Trial Declared A Success

Tags » Canada, Card Technology, Chip and PIN  » Comments (0)

Members of the Canadian payment card industry - Interac Association, MasterCard Canada, Inc., Visa Canada and many of their respective card issuers and payment processors - have released positive insight and observations from the industry trial of chip technology being conducted in Kitchener-Waterloo, Ontario. READ MORE

October 27, 2008

Can Smart Cards Reduce Payments Fraud and Identity Theft?

Tags » Card Technology, Chip and PIN  » Comments (0)

In its latest issue, the Economic Review published by the Federal Reserve Bank of Kansas City includes an article titled "Can Smart Cards Reduce Payments Fraud and Identity Theft?" icon_PDF_small.gif by Richard J. Sullivan.

From the summary: "Sullivan explores why smart cards have the potential to provide strong payment authorization and thus put a substantial dent into the problems of payments fraud and identity theft. But adopting smart cards in the United States faces some significant challenges. First, the industry must adopt payment smart cards and their new security standards. Second, card issuers and others in the payments industry must agree on the specific forms of security protocols used in smart cards. In both steps the industry must overcome market incentives that can impede the adoption of payment smart cards or limit the strength of their security."

October 16, 2008

What Makes a Smart Card Secure?

Tags » Card Technology, Chip and PIN, Contactless Payments, Mobile Payments, Smart Card Alliance  » Comments (0)

The SmartCard Alliance has announced a new white paper titled "What Makes a Smart Card Secure?" that was developed by the Smart Card Alliance Contactless and Mobile Payment Council’s Security Work Group "to provide an overview of smart card security features and other security designs inherent in smart card-based systems." READ MORE

October 01, 2008

UK: APACS Announces Latest Card Fraud Losses

Tags » APACS, Card Fraud, Chip and PIN, UK  » Comments (0)

APACS has released its latest summary of card fraud statistics showing that total card fraud losses increased by 14 per cent in the six months to June 2008 compared with the first half of 2007. Total card fraud losses for this period were £301.7m, of which more than 40 per cent was the result of fraud outside the UK - which typically involves criminals using stolen UK card details at cash machines and retailers in countries that have yet to upgrade to chip and PIN. READ MORE

September 25, 2008

An Unlikely EMV Infrastructure for the US

Tags » Chip and PIN, Contactless Payments, Mobile Payments  » Comments (0)

Dave Birch posts on the Digital Money Forum blog about whether the window of opportunity has already passed for EMV-based chip cards in the US - to be replaced by a contactless (and mobile) future instead?

September 07, 2008

User Frustrations - Using Mag Stripe Cards in Chip and PIN Markets

Tags » Card Technology, Chip and PIN  » Comments (1)

In an article today titled "US travelers face credit snafu", Eric Lucas writes for the Boston Globe about how the migration of countries around the world away from magnetic stripe cards to chip cards requiring PINs for acceptance is impacting some American travelers. While merchants in Chip and PIN markets are supposed to accept foreign mag stripe cards, Lucas personally found he couldn't use his US Visa card while traveling in Scandinavia this summer. His solution: "Cash usually works."

September 04, 2008

A Push Begins for Chip and PIN in the US

Tags » Card Fraud, Card Technology, Chip and PIN, Merchants  » Comments (0)

In an article titled "Could this chip have prevented the TJX breach?", Ross Kerber reports for the Boston Globe on an interview with TJX vice chairman Donald G. Campbell who is "urging banks and other retailers to embrace a multibillion-dollar technology that uses a tiny computer chip to stop criminals from using stolen debit and credit cards." He's also proposing that retailers, banks and the card companies share the costs of upgrading the US to a Chip and PIN card payments infrastructure. On his StorefrontBacktalk blog, Evan Schuman writes: "There's little question that both moves [Chip and PIN plus encrypted card data transmission] would improve security, but the cost and change required will also make them almost impossible to deploy."

August 22, 2008

APACS Comments on Card Fraud on UK Cards Outside the UK

Tags » APACS, Card Fraud, Chip and PIN, UK  » Comments (0)

APACS issued a press release today responding to an earlier CPP release titled "Forecast is hot for fraud this Bank Holiday". APACS says that in the release "PP offers incorrect information when claiming that Spain and France are “… the top spots where Brits fall victim to card theft”. APACS says that its latest statistics "show that fraud in France on UK issued cards has decreased by £4.3million in two years, and France has dropped to fourth place for where fraud on our cards is committed. This is a direct result of the French introducing the same global chip and PIN system that we are using in the UK. Equally, fraud in Spain has fallen by £3.9 million since their rollout." In fact, based upon APACS 2007 fraud figures for UK-issued cards, the card fraud abroad is highest in USA (£24.6m) followed by Italy (£9.6m), Australia (£8.2m), France (£7.3m) and Spain (£5.7m). READ MORE

July 29, 2008

Getting Ready for Chip and PIN in Canada

Tags » Canada, Card Technology, Chip and PIN  » Comments (0)

Rafael Ruffolo of ComputerWorld Canada writes about the migration now underway in Canada to the Chip and PIN environment of chip cards and consumers using PINs on POS terminals instead of signatures on sales receipts.

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