30 results
- 16 Dec 2016
42 % of Card-Present Transactions Worldwide Now EMV-Compliant
EMVCo, the technical body that manages EMV specifications, has published transaction data detailing year-over-year growth in the volume of card-present payments using EMV chip technology. The data…
- 5 Nov 2014
EMV Cards Account for 30% of Transactions Worldwide - Report
Nearly 30 percent of all card-present transactions conducted globally between July 2013 and June 2014 used EMV chip technology, according to figures released by EMVCo. The data represents all EMV…
- 20 Apr 2018
EMV Card Issuance, Transactions Surpass 50 percent Globally
By the end of 2017, 54.6 percent of all cards issued globally were EMV-enabled, and the number of EMV payment cards in circulation worldwide stood at 7.1 billion — an increase of 1 billion year over…
- 29 Jun 2016
Visa Scores EMV High, Identifies 4 Pillars To Card’s Data Protection
Visa has scored Nigeria high on card payment systems’ security with 99% cards in the country running on the globally accepted EMV cards standard. EMV is global acknowledged standard for credit and…
- 22 Jun 2009
Bukar Charges Stakeholders on EMV compliance
Kyari Bukar, managing director, ValuCard Nigeria has urged for a more rapid adoption of and compliance with EMV principles and practices by all stakeholders in the e-payment industry. This is…
- 25 Jun 2015
Most Smart Card Holders Clueless about EMV- Report
The state of EMV card penetration — and awareness — remains low, despite reams has been elusive, despite increasing media reporting (and occasional misreporting) about the new "fraud proof" credit…
- 3 Feb 2015
Over 5% Card Issuers Will Suffer Fraud on EMV Cards In 2015- Gartner
Analyst at Gartner have revealed that following some high-profile data breaches in 2014, U.S. payment card network participants began heavily endorsing Europay, MasterCard and Visa (EMV) chip cards…
- 7 Jun 2017
EMV Cards in Circulation Worldwide Top 6Bn
Official figures from aggregated data published by technical body EMVCo show that, by the end of 2016, the number of EMV payment cards in global circulation increased 1.3 billion year over year to a…
- 7 Dec 2017
EMV Transactions Near 60 percent globally - Report
In the 12 months leading up to June 2017, 59.9 percent of card-present transactions globally used EMV technology, an increase from 42.4 percent in the previous 12 months, according to the technical…
- 22 Jun 2009
IBPlc Pioneers EMV, Spends N200m on Chip & Pin Card
Intercontinental Bank Plc, Nigeria’s financial powerhouse, has spent some N200 million to produce Europay MasterCard and Visa (EMV)-compliant chip and pin based cards issued to its account…
- 23 Nov 2009
Banks Spend N400m on EMV Software Upgrades
Banks in Nigeria have spent some N400 million to upgrade their front end processors to EMV standard in full compliance to Central Bank of Nigeria’s (CBN) directive to all commercial banks in…
- 11 Jan 2010
ATM: Most Banks Yet to Comply with EMV Standard
Only five out of the 24 banks in the country have migrated from the old magnetic stripe cards to the required Europay MasterCard Visa (EMV) technology-backed chip and pin card meaning that the rest…
- 18 Jan 2010
4,000 ATMs not EMV Compliant
A total of 3,908 Automated Teller Machines (ATM) deployed by banks and merchants across the country are yet to be upgraded to Europay MasterCard and Visa (EMV) standard, Nigeria Communications-Week…
- 17 Jan 2018
Visa Launches Pilot Test of Biometric EMV Cards
Visa has initiated the first commercial test of an EMV dual-interface payment card with on-card biometric ID, according to a press release. Tests will begin in early 2018 at the Bank of Cyprus and…
- 18 Sept 2015
Visa Introduces EMV Chip-Based Biometrics
Visa Incorporated has introduced a new specification to use biometrics with chip card transactions. The specification can enable palm, voice, iris, or facial biometrics. This first-of-its kind…
- 30 Mar 2009
Banks Rush to Beat April 1 Deadline on EMV
Nigerian banks are making last minute efforts to avoid Central Bank of Nigeria’s big stick for non compliance to the directive to upgrade their electronic payment channel to European MasterCard…
- 23 May 2024
Mastercard and Payment24 Collaborate to Boost EMV Adoption in EEMEA's fleet sector
Mastercard and Payment24 are extending their engagement across Eastern Europe, Middle East and Africa (EEMEA) to help bolster security and drive innovation within the fleet and fuel payment industry…
- 10 May 2010
EMV: ATMs Reject Magnetic Stripe Cards
Some banks installed Automated Teller Machines (ATMs) have started rejecting magnetic stripe cards, in what looks like a move to protect customers from card related fraud, Nigeria CommunicationsWeek…
- 29 Sept 2008
EMV Chip Card Will Address ATM Fraud-Bukar
Mr. Kyari Bukar, managing director /chief executive officer, ValuCard Nigeria Plc has distinguished himself through creative achievements to the ICT industry. His company is a flagship which Provides…
- 8 Apr 2018
Lagos Enhances Transit Payment System with EMV Contactless Card
Commuters on the Lagos Bus Rapid Transit (BRT) system can now board buses using a contact-less card payment system. The system allows commuters who ride on BRT buses to make payments via their Lagos…
- 25 May 2009
EMV: Banks Continue to Issue Old ATM Cards
Some banks are still issuing magnetic stripe cards to customers in apparent disregard of the Central Bank of Nigeria (CBN)’s directive to all commercial banks to stop issuing the old Automated…
- 22 Apr 2017
MasterCard Tests Biometric EMV Card
MasterCard has unveiled what it is calling the "next generation biometric card," combining chip technology with biometrics to verify the cardholder's identity for in-store purchases. South Africa is…
- 27 May 2018
Verve, GhIPSS Partner to Ensure Wider Acceptance of EMV Cards in Ghana
Verve International, Africa largest Pan-African payment brand, has announced its partnership with Ghana’s Interbank Payment and Settlement Systems Limited (GhIPSS) in a bid to ensure wider acceptance…
- 29 Jan 2015
SecureID Commissions First Polycarbonate eID, EMV Certified Plant in Africa
SecureID Limited, an industry leader in smart card supply and personalization business, has announced the launch of its new and first polycarbonate plant in Africa called SecureCard Manufacturing.…
- 19 Aug 2018
EMVCo Unveils 3DS Test Platform
EMVCo has announced the availability of the full EMV 3-D Secure Test Platform, which enables the functional testing of EMV 3DS solutions. According to a statement, 3DS product providers can now…
- 24 May 2018
EMVCo Creates Royalty-free Mark to Promote Use of QR codes
EMVCo, the global technical body that manages EMV specifications, has introduced a QR payment trademark designed to promote the global interoperability and use of EMV QR code payments. EMVCo has…
- 21 Jul 2008
New ATM Cards to Cost Banks N11bn
The financial industry will spend at least some N11 billion in the unification of cards technology and upgrade of their platforms to EMV compliant chip cards, Nigeria CommunicationsWeek…
- 27 Jun 2016
Payment Cards Reach 4.8Bn Worldwide
EMVCo has reported official figures showing a global increase in EMV payment cards of 1.4 billion last year. At the end of 2015, there were 4.8 billion payment cards worldwide, compared with 3.4…
- 23 Sept 2018
14 New Associates Join EMVCo Payment Technology Innovation Program
Global technical body EMVCo has welcomed 14 associate organizations to its program of cross-industry collaboration for the development of EMV specifications. The EMVCo Associates Program allows…
- 31 May 2010
eTranzact launches ‘Genesis’ Chip & Pin Card
eTranzact has launch its Genesis Chip & Pin Card. The eTranzact Genesis CHIP+PIN Card which is an EMV compliant card was unveiled and presented to an audience in Lagos by Mr. Valentine Obi, MD of…