Post Tagged with: "chip cards"

Faster Chip Payments Standard Is in the Works, MasterCard Says

Faster Chip Payments Standard Is in the Works, MasterCard Says

by May 26, 2016 at 5:14 pm 1 comment

The payment networks are coming together to work on a standard for speedier EMV transactions. As part of that effort, MasterCard is making its M/Chip Fast technology “available to all parties” involved, including other payment networks, acquirers, and processors, Chiro Aikat, senior vice president of product delivery, told Bank Innovation.Read More

Hackers Can Disable EMV Transactions to Force a Swipe [VIDEO]

Hackers Can Disable EMV Transactions to Force a Swipe [VIDEO]

by December 29, 2015 at 5:27 pm 0 comments

Fraud is headed online to card-not-present transactions, right? Sure, but hackers have figured out ways to get around more secure chip card transactions at the point of sale, too. Simply put, “magstripe backward compatibility” is a problem. We’ve all had the experience dozens of times by now: the POS doesn’t have theRead More