Mentioned Companies:

Visa/MasterCard to Cut EMV Authorization Times

The Quick Chip specification from Visa Inc. and the M/Chip Fast specification from MasterCard are available free of charge to POS terminal manufacturers, acquirers, system integrators, and PIN-based debit networks to reduce the processing time of EMV-compliant chip card transactions in the U.S. Cardholders will still insert their card into a reader but will be prompted to remove it in two seconds or less without waiting for the authorization response from the issuer. Quick Chip and M/Chip Fast are middleware software updates downloaded to a POS terminal or point-of-sale system. Neither requ...

Want to read more?

Please log into your subscriber account.

Check out our subscription offers.
New subscribers receive over 130 articles in the 22 issues published each year, plus the last five years of issues (that’s over 1,200 articles) as a download link, which are fully searchable in PDF format.

© Copyright 2024 Nilson Report


April 2016
Headlines in this Issue
Charts in this Issue

Purchase Transactions on Global Cards in 2015

Global Cards in Circulation Credit & Debit 2015

Global General Purpose Cards 2015 vs. 2014

Purchase Transactions on Global Cards 2015

Purchases by Card Type 2014 vs. 2015

Global Debit & Prepaid Cards

Global Credit Cards

Top Merchant Acquirers Worldwide