At Money20/20 conference in Las Vegas, Ingenico Group released the results of an exclusive survey of 1,000+ U.S. consumers providing insights on their use of EMV (chip) debit and credit cards. The survey results identify five key factors that impact the success of the EMV migration in the U.S.: merchant preparedness, consumer preparedness, cardholder perceptions, habituation and education.
The last decade has seen many technological advancements in known payment environments. The introduction of point of sale (POS) systems has changed payment experiences by replacing cash registers in many scenarios. Credit cards have become a preferred mode of payment and more merchants are working towards accepting them.
Money20/20 is the industry’s primetime conference and the largest global trade show focused on payments and financial services innovation for connected commerce at the intersection of mobile, retail, marketing services, data and technology. This year, Money20/20 expects over 10,000 attendees, including more than 1,000 CEOs, from over 3,000 companies and 75 countries.
If you are planning to attend the show and wondering what all should you do, we’ve put together a cheat sheet of the top five things you should definitely do at the show this year:
The EMV migration deadline has finally arrived in the US, and questions about why businesses should accept EMV chip cards are pouring in. A lot of these questions are based on incorrect information and myths that are rampant in the industry right now.
At the Yale commencement speech in 1962, John F. Kennedy said, “The great enemy of the truth is very often not the lie, deliberate, contrived and dishonest, but the myth, persistent, persuasive and unrealistic.” As the October 1st EMV liability shift gets closer in the U.S., merchants find themselves confused about EMV related issues. It’s common in such situations for the industry to be full of misinformation, rumors and myths about the new liability shift.
