Over Half of All Payment Cards Issued Now Have Smartchips

New research from EMVCo shows that over half of the payment cards issued worldwide in 2017 had smartchips. Specifically, 54.6% of cards issued globally were EMV enabled, and 63.7% of card-present transactions involved a chip. Jack Pan, EMVCo Executive Committee Chair, said, “Both EMV chip card issuance and EMV chip transactions surpassing 50% globally is…a


Over Half of All Payment Cards Issued Now Have Smartchips

April 20, 2018

New research from EMVCo shows that over half of the payment cards issued worldwide in 2017 had smartchips. Specifically, 54.6% of cards issued globall..

Should Cashless Businesses Have Reverse ATMs for Cash Customers?

April 19, 2018

The push for businesses to go cashless grows every year. As USA Today recently pointed out, “no one has kept a running count of restaurants adop..

Chevy Owners Can Pay For Shell Gas From Inside Their Car

April 18, 2018

Chevy and Shell have partnered to develop a new payment option for gasoline purchases. Soon, select Chevy drivers will be able to pay for gas inside t..

American Express to End Plenti Rewards Program on July 10

American Express is ending the Plenti rewards program on July 10, 2018. The company stopped accepting new enrollments on Monday, April 16, and is enco..

Marriott Will Unify Its Travel Rewards Programs in August

April 17, 2018

Marriott International announced it will be combining its rewards programs into one platform. Beginning in August, users can combine their loyalty ea..

PayPal Targets Unbanked Consumers with Traditional Financial Services

PayPal is taking new steps to provide unbanked Americans with “less expensive, less time-consuming” financial services. This includes a ne..

Uber Will Pay No Fines to FTC for 2016 Breach

April 16, 2018

The FTC has ruled that Uber will face no fines after paying hackers $100,000 to delete information on 57 million passengers and drivers stolen from U..

Big Banks Using Non-Bank Middlemen to Lend to Subprime Borrowers

April 11, 2018

Big banks have found a new way to access subprime borrowers without directly lending them money. As The Wall Street Journal reports, large banks are u..

Americans Trust Artificial Intelligence with Their Health, Not Their Money

According to a new survey from analytics company SAS, consumers feel safer using artificial intelligence for healthcare than for banking. Sixty percen..

Ransomware Is Now Most Popular Malware

April 10, 2018

Ransomware has become the most popular form of malware, according to Verizon’s annual Data Breach Investigations Report. In their 2018 report, V..

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