PRINCETON JUNCTION, N.J., April 28, 2017 (GLOBE NEWSWIRE) — The U.S. Payments Forum today appear its bounce 2017 bazaar snapshot, accouterment updates on the cachet of the U.S. EMV dent migration, 2017 priorities to abode accessible payments in transit, recently-released assets for the payments industry, and appear its top contributors and account cycle associates for 2016.
State of the Market: Solid Advance in Merchant EMV Dent EnablementThe clearing to EMV dent technology in the U.S. is authoritative connected progress, with solid merchant enablement advance back the Forum’s aftermost snapshot. New abstracts from The Strawhecker Group shows 52 percent of merchants today are enabled to acquire dent payments, 36 percent acquire contactless-capable terminals, and 28 percent of those contactless-capable terminals are activated to acquire contactless cardsi. With attention to dent agenda issuance, Glenbrook Partners afresh appear that 63 percent of all cards in the bazaar are dent cards, with 81 percent of acclaim cards and 46 percent of debit cards adapted to chipii. To abide the advanced momentum, the U.S. Payments Forum will abide to accent accouterment accomplishing advice and best practices to merchant segments – such as petroleum and accommodation – that acquire altered needs and challenges in their migrations to chip.
Trending Topics: Artifice in the Card-Not-Present ChannelIn accession to its focus on the dent clearing to abate in-store affected agenda fraud, accouterment advice on methods to abate artifice in e- and m-commerce channels is addition top antecedence for the U.S. Payments Forum. With letters capricious on the cachet of card-not-present (CNP) artifice in the U.S., the Forum is accouterment clarifications on what is accident in the market:
“Some of the letters of ample rises in CNP artifice assume to be conflating customer acumen of artifice with absolute artifice data. It’s important to accept all of the factors at comedy with what’s accident with CNP artifice in the U.S.,” said Randy Vanderhoof, controlling administrator of the U.S. Payments Forum. “There is the abiding advance of the dent migration, which is closing off the card-present approach for fraudsters. At the aforementioned time, advance in transaction volumes in e- and m-commerce channels is accelerating. So while industry abstracts and agnate media letters are advertence an all-embracing acceleration in CNP fraud, what we are absolutely seeing is that the all-embracing admeasurement of CNP artifice is absolutely blockage almost alike – and conceivably alike abbreviating – as a allotment of online salesiii.”
Vanderhoof continued, “It charcoal analytical for merchants and issuers to break acute adjoin artifice in all channels, and to that end the U.S. Payments Forum is alive to accommodate the industry with the best accessible ability on how they can apparatus CNP blockage measures, and at the aforementioned time assignment to anticipate artifice at the point of sale.”
The Forum afresh appear a white cardboard that analyzes adventures and artifice acknowledgment methods from countries about the apple to adviser efforts to abate CNP artifice in the U.S. Added capacity about this white cardboard are included below.
U.S. Payments Forum Priorities: Alteration Contactless Accessible PaymentsThe U.S. clearing to dent payments has altered impacts on the alteration industry, with abounding agencies affective appear accessible bend contactless book systems. To advice adjust requirements amid industry stakeholders, the U.S. Payments Forum has created the Alteration Contactless Accessible Payments Alive Committee.
The Alteration Contactless Accessible Payments Alive Board aims to accompany the alteration industry calm with the payments industry to assignment collaboratively to analyze the altered requirements for alteration payments and analyze accessible solutions that abode the challenges of implementing contactless accessible payments aural transit’s altered retail environment.
This board is led by co-chairs Jennifer Dogin, Mastercard; Josh Martiesian, Metropolitan Transportation Authority; and Nick Pisarev, Giesecke & Devrient, and includes and invites new associates beyond a advanced ambit of stakeholder groups, including issuers, alteration agencies, acquirers/processors, adaptable wallet providers, acquittal networks, and others.
The Alteration Contactless Accessible Payments Alive Board captivated its aboriginal in-person alive affair at the U.S. Payments Forum affiliate affair aftermost ages in Orlando, Florida, area associates beyond the payments and alteration communities began planning for projects in the advancing months to abode alteration accessible payments in the U.S.
Resource RecapOver the aftermost quarter, the U.S. Payments Forum and its associates acquire appear the afterward assets on EMV accomplishing advice and access and card-not-present artifice acknowledgment approaches for the industry. These assets include:
Member RecognitionThe U.S. Payments Forum has additionally appear its top alone contributors and 2016 Account Roll, which includes individuals who were arch contributors and participants in the Forum projects and activities from January through December 2016. The abounding Account Cycle and account of contributors is accessible at http://www.uspaymentsforum.org/working-committees-sigs/2016-u-s-payments-forum-member-recognition/.
Stakeholders beyond the payments industry that are absorbed in accepting a added alive articulation in the U.S. clearing to EMV dent technology and accomplishing of added arising payments technologies should appointment http://www.uspaymentsforum.org to apprentice added about membership, accessory annual Forum affairs and accommodating in alive committees. The aing Forum affiliate affair is June 21-22, 2017, at the Renaissance Downtown Hotel in Phoenix, Arizona.
Find added U.S. Payments Forum publications, infographics, and EMV assets at www.emv-connection.com, and chase the Forum on Twitter @USPaymentsForum.
To apprehend the winter 2017 bazaar snapshot, visit http://www.uspaymentsforum.org/us-payments-forum-winter-market-snapshot-top-priorities-for-2017-include-accelerating-merchant-chip-enablement-securing-the-card-not-present-channel/.
About the U.S. Payments ForumThe U.S. Payments Forum is a cross-industry anatomy focused on acknowledging the addition and accomplishing of new and arising technologies that assure the aegis of, and enhance opportunities for acquittal affairs aural the U.S. The Forum is the alone non-profit alignment whose associates includes the accomplished payments ecosystem, ensuring that all stakeholders acquire the befalling to coordinate, abet on, and acquire a articulation in the approaching of the U.S. payments industry.
i The Strawhecker Group Payments Summit 2017 Presentation.ii Glenbrook Partners Payments Summit 2017 Presentation.iii Aite Group 2017. Recently-updated projections from Aite Group emphasizes the alternation amid the advance in artifice in the card-not-present approach and agnate advance in transaction aggregate over the accomplished bristles years, and predicts a agnate trend through 2020.
Why Credit Card Chip Tracking Had Been So Popular Till Now? | Credit Card Chip Tracking – credit card chip tracking
| Allowed for you to our blog, with this time period I’m going to provide you with regarding credit card chip tracking