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
Post Tagged with: "chip cards"
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