Square Trying To Help Small Businesses Meet October Deadline For New Chip & PIN Credit Cards

Square Trying To Help Small Businesses Meet October Deadline For New Chip & PIN Credit Cards

A survey released last week by Wells Fargo found that a majority of small business owners aren’t prepared for the October deadline to switch from traditional swipe-and-sign credit card transactions to the supposedly more secure chip-and-PIN card system. Now, one mobile payment company says it wants to take some of the burden off the shoulders of these companies by offering to pay for any charges incurred from a breach — as long as the business owner has ordered its new card reader. [More]

U.S. Bank Tests EMV Chip Cards For International Travelers

U.S. Bank Tests EMV Chip Cards For International Travelers

Good news for Americans who like to go to other countries in the world. U.S. Bank is going to roll out EMV chip cards to 20,000 FlexPerks Visa cardholders this month, adding steam to a small but growing push to get traveling Americans credit cards that can work in the “chip and PIN” systems prevalent in Europe and beyond. [More]

Wells Fargo To Test Chip Embedded Cards With Travelers

Wells Fargo To Test Chip Embedded Cards With Travelers

Wells Fargo is going to send 15,000 EMV chip-embedded credit cards to frequent travelers this summer, the largest US bank to make a move towards these international-style credit cards. Consumers had complained about troubles using their credit card abroad with kiosks that only accept chip cards or with merchants who refused to take cards that only have the magnetic strip. [More]