The State of EMV and Counterfeit Fraud in the U.S.

In 2015, the U.S. became the last developed country to move to EMV in an effort to combat the rampant credit/debit card counterfeit fraud. It has been three years since the EMV migration kicked in and a lot has changed since then. Recently, Visa released new data along with an infographic highlighting the progress of the EMV migration. Although we used Visa’s published infographic for this blog, we expect proportionally similar results were seen across all U.S. card brands. After reviewing the results, here where I feel we stand:

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The Evolution of Payments: From Expense to Business Tool

Payment acceptance for the longest time was thought to be a necessary business expense. But over the last decade, a few significant changes have transformed the definition of “payments” in the industry. One of the changes that acted as a catalyst in this transformation is the improved efficiency in carrying out electronic transactions. Combined with the advancement in technology over the last two decades, innovative solutions have become easily available in the market for all merchants (big or small) looking to improve efficiency and enhance their customers’ experience.

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Q&A: Understanding the Money Transfer Industry

The payments and financial industries are no strangers to digital transformation, nor to the effects that an influx of technologies have on how consumers receive, spend and transfer money. At the first time, sales from smartphones and tablets accounted for 20 percent of total digital commerce sales in the US in Q3 of 2016, up from 16.4 percent for the same period in 2015. Subsequently, TrendForce predicts that total mobile payment volume will soar from $620 billion in 2016 to $1.08 trillion in 2019.

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