Solupay Blog

No Signature? No Problem. Visa on Board with Eliminating POS Signatures

Posted by Joe Musitano on May 2, 2018 11:55:13 AM

Signatures are no longer needed for EMV (chip) transactions for all major card types. In our recent article No Signature Required - Card Brands Look to Improve Checkout Times, we discussed some significant changes in the POS industry. At the tail end of 2017, MasterCard, Discover, and AmEx announced that they would implement policies that eliminate the need for signatures in point-of-sale EMV transactions. Visa was initially reluctant to comply, but recently gave up the fight and announced they too will eliminate the need for signatures on EMV POS transactions in North America beginning in April of 2018. 

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Topics: Card Security, PCI, EMV

Card Not Present (CNP) Fraud Post-EMV Rollout in the United States

Posted by Joe Musitano on Mar 28, 2018 1:41:25 PM

The introduction of EMV chip cards made huge strides in decreasing fraud, but only for in-store transactions. The increased security of credit and debit cards using chip technology has driven fraudulent traffic to CNP transactions and e-commerce. Card Not Present (CNP) Transactions are those that occur when the card is physically not present (online, over the phone, mobile transactions, etc), and therefore do not utilize the chip feature that EMV cards have. According to Visa, fraud has decreased 70 percent from October 2015 (when chip cards were introduced in the United States) to December 2017. However, chip cards are just as susceptible to CNP fraud as magnetic stripe cards.

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Topics: Card Security, Online Fraud, EMV

Hate to Say I Told You So, CNP Fraud Continues to Rise

Posted by Joe Musitano on Nov 17, 2017 10:22:01 AM

Card not present transaction fraud continues to rise since the establishment of the EMV chargeback liability shift last October. As card present transaction fraud decreases we've seen a direct increase in card not present transactions. CNP transactions include any payment made where the card is not physically present. As predicted, The US Payments Forum 2017 report concluded that the increase in security of chip cards forced fraudsters to focus their attention to CNP. They believe that this trend will continue into 2018 and we can expect to exceed $6 billion in fraud dollars. 

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Topics: Card Security, EMV

Card Fraud Down - and Up - Thanks to Chip Technology

Posted by Joe Musitano on Feb 3, 2017 2:51:14 PM

With 2016 behind us, Visa announced statistics for the first full year that chip technology has been in use in the U.S. Much can be gleaned from the data, including the fact that almost half of in-store transactions used EMV in 2016, and most of those were not from the big box stores, but rather, from small and mid-sized businesses. From all the information, however, this is certain: While chip technology has impressively cut card present fraud, eCommerce has become the newest target for attackers.

Over the course of the year, the number of merchants using chip-enabled terminals more than doubled, with 39 percent (or 1.81 million) of all merchant locations using EMV technology. The majority of these merchants - 82 percent of them - were small and medium-sized businesses. Chip transactions comprised just about half (49 percent) of total payment volume in card present transactions.
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Topics: EMV, Online Fraud, Card Security

What They Said About EMV Was True: CNP Fraud on the Rise

Posted by Jayme Moss on Aug 5, 2016 12:16:02 PM

Report Confirms EMV Expectations: Counterfeit Fraud Down, CNP Fraud Up

According to a July 2016 Card Fraud Control Benchmark Study from Auriemma Consulting Group, counterfeit card fraud has reached its lowest level since 2013, falling 18 percent in Q1 from the previous quarter. Counterfeit fraud losses have declined steadily relative to other categories since the industry’s EMV liability shift took effect late last year, and have decreased by nearly one-fourth since their peak in late 2014.

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Topics: EMV

Two Important October Deadlines in the Payment Card Industry

Posted by Jayme Moss on Jul 20, 2016 11:00:00 AM

Last year at this time, news feeds in the payment card industry were abuzz with information about the Chargeback Liability that was taking place in October of 2015. Not to disappoint, new deadlines have been set for October of this year that will have card security pundits talking. The first impacts Visa card issuers, and will be a blessing to both consumers and merchants when it comes to diminishing fraudulent card use via alerts. The second brings EMV back to the forefront, with a new deadline for ATM's to accept EMV chip cards. Here is some education on both deadlines:

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Topics: EMV

EMV Chip & PIN: Banks locked front doors but left the back wide open

Posted by Jayme Moss on Jan 21, 2016 10:59:18 AM


We are in the midst of a revolution in how consumers are checking out at POS terminals. We discussed last week in an article entitled "The EMV Reality is Sinking In" how there is a general confusion at card terminals across the US by both clerks and consumers, whether the POS system is both capable and enabled to accept EMV cards. This week, we take the discussion a step further and present the confusion banks have caused by issuing PIN & Signature cards in the US, rather than the more secure and globally used PIN & Chip cards.

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Topics: EMV

The EMV Reality is Sinking In

Posted by Joe Musitano on Jan 7, 2016 11:42:38 AM

Over the holidays both retail employees and customers got a dose of EMV reality. As a customer armed with a new EMV chip card approached a terminal to pay for his goods, he encountered a confusing situation. Some terminals didn’t accept chip cards and it was obvious he had to swipe. Others had a slot for pin cards and a swipe mechanism, and the clerk was quick to point out which to use. Others still allowed for the swipe, only to be followed by a loud beeping to instruct the user to use his chip. And then there were the EMV enabled terminals, with a slot visible to the card holder, but without the EMV functionality. Clerks, annoyed with the repetition, hastily made signs in some locations “officially” pointing out the shortcomings.

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Topics: EMV

Did the EMV Chargeback Liability Shift Stir the Walking Dead?

Posted by Jayme Moss on Oct 2, 2015 1:33:44 PM

It's now October, and if you don't have your EMV terminal up and running, you are probably already being inundated with chargebacks that you are now liable for, right? It's the Zombie Apocalypse, and fraudsters are knocking down your doors with EMV-enabled cards in hand, to start charging purchases on your Non-EMV POS terminal, knowing you will be responsible for the chargebacks. It's the end of days, and your non-EMV terminal just blew up.

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Topics: EMV

Results of our EMV Poll

Posted by Joe Musitano on Sep 4, 2015 1:08:26 PM

Thank you to those who submitted responses to our EMV poll (see last week's article "Poll of the Day: EMV). As promised, here are the results of the poll, so you can see where others in the industry stand with EMV deployment as we approach the EMV Chargeback Liability Shift this October:

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Topics: EMV