As I complete my second year as CEO of Verifone, I want to thank our clients and partners for their support. I also want to thank the hard-working people of Verifone for everything we have accomplished.
Accelerating change in payments has taught all of us at Verifone one thing, and taught us well – we need to innovate differently to not only survive but stay firmly relevant to our clients and partners that span the globe. Continue reading →
The October 1 liability shift imposed by the major card brands to spur adoption of EMV is a powerful incentive to make the migration. Large retailers have taken note and are likely to be fully prepared so they don’t get stuck with the liability for card fraud that could have been prevented by EMV. Smaller merchants are less prepared. Continue reading →
EMV 101: What You Need to Know NowU.S. consumers are beginning the migration from traditional mag-stripe credit and debit cards to EMV-based chip cards. Here’s what you need to know now.What it is:
EMV stands for Europay, MasterCard and Visa, the global standard for cards equipped with computer chips and the technology used to authenticate chip card transactions. EMV encompasses requirements that ensure interoperability between POS terminals and chip-based payment cards containing embedded microprocessors. Chip cards are intended to provide strong transaction security features and other application capabilities not possible with traditional mag-stripe cards. Read more about what EMV isn't,here. Continue reading →
Let’s resist the illusion that we’re safe from hackers because of EMV, PCI compliance or other measures. It’s this illusion that makes it too tempting to downplay payment security when it comes to investing in the future. Continue reading →
This is my first public blog post. Ever. I’ve been on LinkedIn since its early days, and share things there with my professional network. I’ve spoken at a few conferences, and share ideas with a group of HR leaders that I belong to. However, this is the first time I’ve felt compelled to write a story and share it with the entire world. Continue reading →
Contactless payment is shifting retailer and consumer behaviour across Europe. ‘Tap and go’ introduces a whole new psychology, as it removes a number of physical steps when we pay in more traditional ways. The “pain of paying,” as behavioural economist Dan Ariely explains, is a very conscious moment in the physical payment process that can keep our spending levels in check. Continue reading →
The Polish charity organization WOŚP - Wielka Orkiestra Świątecznej Pomocy (the ‘Great Orchestra of Christmas Charity’) - engages the entire country in its Grand Finale each January, in a one-day, countrywide event aimed at raising money for medical care. Continue reading →
Paul, the best is indeed yet to come @Verifone. Working directly with clients every day I can certainly see the ‘Client First’ mentality driving all our supporting functions and we’re seeing the benefit. Here's to a successful next wave in our transformation. Look forward to seeing you back in London soon! Stanford Rusike
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This is a great primer on EMV, and the infographic looks outstanding! It appears that merchants aren't the only ones lagging on the transition; some recent survey data shows that more than 6 out of 10 card users don't have a chip-enabled card just days before the beginning of the transition Tony Mecia