SecureIDNews | UAE to go with chip and PIN

Monday, February 2, 2009

The United Arab Emirate Central Bank issues a statement that banks in the country will be moving to chip and PIN technology to replace mag-stripe cards, according to AME Info. The switch to smart cards lowers the risk of fraud.

The UAE Central Bank operates the UAESWITCH service that links the ATM networks of all banks in the country. This enables bank customers to use any ATM in the UAE. UAESWITCH is also connected to the ATM switch services in other Gulf countries, enabling bank customers to carry out cash withdrawals on any ATM in the Gulf countries.

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Oracle integrates biometrics into retail POS

Oracle has released a new version of Oracle Retail Point-of-Service that aims to increase security, operational efficiency and functionality in part by integrating biometrics.

Oracle partnered with DigitalPersonal to add integrated biometrics to the POS package. Users of the software will login using their fingerprint, which will replace the need for PINs or passwords. This feature intends to reduce fraud by eliminating the possibility of unauthorized employees using a manager ID or swipe card to access the POS and approve overrides.

Visa: U.S. EMV doesn’t mean chip and PIN

EMV in the U.S. won’t be chip and PIN but instead a new technology that takes advantage of the online infrastructure available in the U.S., according to Stephanie Ericksen, head of Authentication Product Integration at Visa USA.

I Love Velvet mobile payment obtains EMV2 certification

Mobile payment solution provider I Love Velvet announced that it has reached the second level of EMV certification (EMV2) which authorizes PIN and integrated chip payments from debit, credit and smart cards around the world.

SML launches 'ViziT' solutions for apparel, partners with TAGSYS and Nedap Retail

SML Group Ltd announced the launch of its new “ViziT” RFID item visibility solutions for the retail apparel and item tracking applications.

The ViziT solutions include a range of RFID/EAS enabled paper and woven labels, as well as tickets and sticker that can be attached to garments and stacked items. Using the SML ViziT IT cloud based data management software also provides for semi automated inventory control, as well as improved loss prevention by triggering alarms and item identification at the store exit.

Visa chip cards hit 1 million in U.S.

Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

ARTS and EPASOrg develop protocol to support new payment technologies

In Europe, the Association for Retail Technology Standards (ARTS) and EPASOrg has developed a new global standard to help accommodate changes in new payment technologies, according to SupermarketNews.com

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UAE to go with chip and PIN