30 results
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 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…
- 26 Sept 2013
CBN Mortgaged Nigerian Card Technology-Okonyia
Robert Okonyia, a payment systems solution provider, has explained how Nigeria lost its card payment system to foreign based institutions, adding that the Central Bank of Nigeria (CBN) is culpable 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…
- 3 Feb 2015
FirstBank Expands African Footprint with FBNBank DR Congo
First Bank of Nigeria Limited, a subsidiary of FBN Holdings PLC and Nigeria’s most valuable bank brand hasunveiled FBNBank DR Congo, formerly registered as Banque Internationale de Credit (BIC). In…
- 2 Nov 2009
Bank Issues Deadline on Migration to Chip & Pin Cards
Banks in Nigeria have said that the present magnetic stripe cards would stop to work soon and urged their customers to migrate to the chip and pin, Nigeria CommunicationsWeek has learnt. This is…
- 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…
- 21 Apr 2017
Next Generation Biometric Card for In-Store Purchases Unveiled
Mastercard, Thursday, unveiled the next generation biometric card, combining chip technology with fingerprints to conveniently and safely verify the cardholder’s identity for in-store purchases.…
- 14 May 2014
CBN Asks Banks to Destroy Cards Trapped @ ATMs
Banks in the country have been ordered by the Central Bank of Nigeria (CBN) to start destroying Automated Teller Machine (ATMs) cards trapped in their ATM terminals. The apex bank in a directive…
- 30 Jun 2008
Transactions with ATM Hit 65m in May
Automated Teller Machine (ATM) transactions hit an all time high in May, when dealings through the money dispensing machine reached 65 million, Nigeria CommunicationsWeek investigation has shown.…
- 19 Dec 2016
Zenith Bank, Mastercard Partnership Set to Strengthen Ghana’s Banking System
Mastercard and Zenith Bank have extended their partnership in West Africa to now include Ghana. The agreement is geared towards issuing a suite of digital payment solutions that include prepaid,…
- 6 Jul 2010
ATMs: Job Losses, Scam Slow Patronage
Transactions on Automated Teller Machines (ATMs) shrank at its fastest pace in three months March to May this year highlighting the severe toll of the worsening economic situation in the country,…
- 16 Feb 2009
Intercontinental Bank Migrates to Chip & Pin Card
Intercontinental Bank has become the first bank to migrate to the newly launched Verve Chip and Pin debit card by InterSwitch with the unveiling of Intercontinental bank Verve Card. Erastus…