Archive for November, 2011

Commonwealth Bank EMV upgrade of entire ATM estate to support chip-card standard

November 22, 2011 at 4:31 pm

Commonwealth Bank, who operate Australia’s largest ATM network, have announced this week (see press release) that they will be the first Australian bank to upgrade their entire ATM estate of over 4000 machines to support the EMV chip-card standards. Although the roll-out of EMV in Australia has already seen the upgrading of Point-of-Sale devices and […]

EMV fallback scenarios to magnetic stripe

November 17, 2011 at 11:22 pm

In markets that don’t yet support EMV (such as the USA), there is no option but to process all payment cards using the magnetic stripe, even if the card is actually a chip card. Similarly, a U.S. card used in countries which have migrated to chip card technology still can be processed.  In EMV markets […]

U.S. EMV Migration: Cardholder verification for American EMV terminals

November 10, 2011 at 4:23 pm

We’ve blogged previously (see EMV Cardholder  Verification Methods) about the different types of cardholder verification that are supported by the EMV specifications for credit/debit card transactions using smart cards. Prior to EMV migration in the United Kingdom, most transactions were verified by checking the cardholder’s signature, but the introduction of EMV allowed the chip on […]

EMV contact and contactless chip technology – America set for EMV liability shift

November 1, 2011 at 12:03 am

Many people in the payments industry were heartened by Visa’s announcement in August that they planned to accelerate EMV contact and contactless chip technology migration in the United States. EMV migration involves the replacement of magnetic-stripe credit/debit payment cards with EMV chip cards (referred to as “smart” cards) and also requires all Point-of-Sale card-acceptance devices […]