EMV trends on the horizon

first_imgAs 2016 progresses, there is much promise ahead for increased EMV chip card adoption. Already, merchants accepting EMV have noted a distinct shift in their usage among consumers. About 70 percent of Walmart’s and Target’s transactions per day are made with chip cards. The Home Depot has experienced similar growth with over 50 percent of its transactions made with chip cards. Other larger merchants, including Target, anticipate similar numbers down the line.Although more merchants are accepting EMV chip cards, many have not yet adapted to the new technology. A recent survey found only 41 percent of merchants are ready to accept EMV payments. Merchants resisting the change may be trying to avoid implementation costs. Others may be apprehensive about perceived implementation pains, or their acquiring vendors have not yet secured EMV solutions.While some merchants, like Walmart, are experiencing rapid success with their chip card transactions, others have noted a few hiccups. McDonald’s has begun testing EMV technology at the point-of-sale (POS) and noticed a perceived increase in the length of time it takes for EMV transactions to process. As a fast food operation that focuses on speed, McDonald’s values quick payment transactions. In 2016, McDonald’s will continue to revisit its transaction flow to minimize transaction times. As McDonald’s does this, it will be interesting to see how quick service restaurants will verify payments as time goes on.In the year ahead, merchants and financial institution (FI) issuers may also notice the following EMV trends:American Express and other national brands moving to dual-interface: Dual-interface cards are contact cards that also enable contactless payments. This gives cardholders the added security of EMV, while allowing them to make tap and go payments. Credit unions issuing these dual-interface cards have an extra arrow in their quiver, giving cardholders the ability to conduct transactions at any terminal. Merchant unification for POS activity: There has not yet been a standard established for how EMV chip cards are processed or how the transaction flows through each application. As a result, cardholders making a transaction at one merchant’s terminal may not have the same transaction experience somewhere else. Once a standard procedure is established across all EMV terminals, there will be a more consistent, efficient transaction flow for cardholders.EMV continues to gain momentum in the marketplace. FIs, merchants and cardholders alike may need to embrace the latest trends in EMV technology as they emerge. ATM and fuel dispenser migration in 2017: The next big step following the October 2015 liability shift is for ATMs and fuel dispensers to migrate to EMV. The migration process for these terminals will be slower than merchants as the implementation costs are much higher. Visa and MasterCard propose that credit unions, fuel retailers and other locations with ATMs should make the shift by 2017. Quick service restaurants migrating to EMV acceptance: As noted earlier, McDonald’s has already begun migrating to EMV. Once McDonald’s streamlines its transaction flow to align with its emphasis on speed, other restaurants may follow suit. EMV terminals may even be implemented right at dining tables, enabling fast and easy bill payments at sit-down restaurants.center_img The sun setting on MSD technology: MSD refers to magnetic strip data, an older method of reading contactless payment transactions. Merchants trying to read current contactless EMV transactions using MSD technology have experienced frequent card declines. Visa and MasterCard are pushing to complete a shift away from this technology by 2017. They are also currently looking for strategies to steer merchants away from MSD technology. 46SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Chole Casber Chole Casber is a product manager for TMG. In his role, Chole is responsible for various product lines from ideation through rollout, including EMV. Chole is also focused on identifying … Web: www.tmg.global Detailslast_img read more

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What channel is NASCAR on today? TV schedule, start time for Texas race

first_imgThe previously postponed races at Dover and Michigan are now part of Saturday-Sunday doubleheaders at those respective tracks in August.Because New York requires people to quarantine for 14 days after traveling from one of the states impacted heavily by COVID-19 (including North Carolina), the Watkins Glen race on Aug. 16 was moved to the Daytona road course. According to The Athletic, NASCAR tried to get a quarantine waiver for its Watkins Glen races but was denied by Gov. Andrew Cuomo’s office.The Aug. 16 race will be the NASCAR Cup Series’ first on the road course at Daytona. The TV channel for a NASCAR race is elusive enough in a normal season when Fox and FS1 trade broadcasts of Cup Series events through the first half of the schedule before NBC takes over for the second half. The schedule shake-up associated with the coronavirus pandemic make the “what channel is today’s NASCAR race on” question even more understandable.Today, for the first time this season, the TV channel for the NASCAR race is NBCSN. But the O’Reilly Auto Parts 500 at Texas Motor Speedway technically is not the debut of NBC’s coverage this season, as the network presented the Brickyard 400 a couple weeks ago. MORE: Watch today’s NASCAR race live with fuboTV (7-day free trial)Sunday’s race at Texas is the 14th race in NASCAR’s return on an altered, short-term schedule, and the 18th Cup Series races overall as NASCAR attempts to keep a 36-race slate intact for 2020. The Texas race originally was scheduled to run in late March but was rescheduled amid the pandemic.The Texas race also has a later start time than originally scheduled, with the green flag scheduled to wave shortly after 3 p.m. ET rather than 2 p.m. ET.Below is how to watch Sunday’s NASCAR Cup Series race at Texas, including the TV channel and live stream options.What channel is NASCAR on today?Race: O’Reilly Auto Parts 500 at Texas Motor SpeedwayDate: Sunday, July 19TV channel: NBCSNLive stream: NBCSports.com | fuboTV (7-day free trial)Radio: PRNNBCSN is the TV channel for Sunday’s race at Texas now that Fox officially has finished its portion of the broadcast schedule. Of the 20 NASCAR Cup Series races NBC will broadcast in 2020, 12 were scheduled to be shown on NBCSN with the other eight on NBC’s flagship cable network.Because of the schedule shake-up, NBC now gets two Texas races rather than just the October playoff race.As for Sunday’s race on NBCSN, the network has a channel finder feature for viewers to find the TV channel options in their areas.As is the case for all the Cup Series races on NBC and NBCSN this season, Rick Allen will call the race with the assistance of analysts Dale Earnhardt Jr., Jeff Burton and Steve Letarte.What time does the NASCAR race start today?Date: Sunday, July 19Start time: 3 p.m. ETThe green flag for Sunday’s NASCAR Cup Series race at Texas will wave shortly after 3 p.m. ET, assuming there are no rain delays as there have been so often since NASCAR returned to live racing in May.Sunday’s Texas race, rescheduled after it was postponed in March, was moved back to 3 p.m. ET rather than 2 p.m. ET as originally scheduled. The race is scheduled for 334 laps around the 1.5 mile oval.Texas Motor Speedway does have lights, so the later start time won’t impact NASCAR’s ability to get the race in Sunday in the event weather threatens to push it to Monday.NASCAR live stream for Texas RaceAnybody who has a cable or satellite subscription can stream Sunday’s NASCAR race at Indianapolis live via NBCSports.com or the NBC Sports app. This should be the preferred route for a viewer who has such a subscription but isn’t able to get in front of his or her TV.For those who don’t have a cable or satellite subscription, there are five OTT TV streaming options that carry NBC and NBCSN — Sling, Hulu, YouTubeTV, fuboTV and AT&T Now. Of the five, Hulu, YouTubeTV and fuboTV offer free trial options.Below are links to each.SlingHulu (free trial)YouTubeTV (free trial)fuboTV (free trial)AT&T NowNASCAR schedule 2020NASCAR on July 8 released its latest revised Cup Series schedule through August of 2020. It remains committed to running 36 races, four of which were completed before the COVID-19 pandemic shut down the sports world. NASCAR hopes to keep its 10 playoff races in the fall intact and at their original tracks.Below is the schedule revision for the Cup Series regular season, starting with the races at Darlington the Cup Series ran in its return in May.DateTrackTV channelStart timeSun., May 17DarlingtonFOX3:30 p.m. ETWed., May 20DarlingtonFS17:30 p.m. ETSun., May 24CharlotteFOX6 p.m. ETWed., May 27CharlotteFS18 p.m. ETSun, May 31BristolFS13:30 p.m. ETSun, June 7AtlantaFOX3 p.m. ETWed, June 10MartinsvilleFS17 p.m. ETSun, June 14Homestead-MiamiFOX3:30 p.m. ETSun, June 21TalladegaFOX3 p.m. ETSat., June 27PoconoFOX3:30 p.m. ETSun., June 28PoconoFS14 p.m. ETSun., July 5IndianapolisNBC4 p.m. ETSun., July 12KentuckyFS12:30 p.m. ETWed., July 15Bristol (All-Star Race)FS18:30 p.m. ETSun., July 19TexasNBCSN3 p.m. ETThurs., July 23KansasNBCSN7:30 p.m. ETSun., Aug. 2New HampshireNBCSN3 p.m. ETSat., Aug. 8MichiganNBCSN4 p.m. ETSun., Aug. 9MichiganNBCSN4:30 p.m. ETSun., Aug. 16Daytona (road course)NBC3 p.m. ETSat., Aug. 22DoverNBCSN4 p.m. ETSun. Aug. 23DoverNBCSN4 p.m. ETSat., Aug. 29DaytonaNBC7:30 p.m. ETThe Darlington race on May 17 ran instead of the the Chicagoland race that was originally scheduled for June 21. The Darlington race on May 20 ran instead of the postponed Richmond race that was originally scheduled for April 19. The Charlotte race on May 27 ran instead of the Sonoma race that was originally scheduled for June 14.The Pocono doubleheader remained as previously scheduled for the final weekend of June, with the Cup Series racing on back-to-back days. Those races were presented on Fox (and FS1) rather than on NBC. Fox’s closed its coverage this season with the All-Star Race at Bristol on July 15.last_img read more

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US change WCup match dates

first_imgCHICAGO, Illinois (CMC):The United States Soccer Federation has announced new dates for its home matches in 2018 FIFA World Cup qualifying during the month of June next year.The adjustments mean that its qualifier against the Trinidad & Tobago Soca Warriors will now take place on June 8, a day earlier than scheduled.US Soccer said the change of dates was to accommodate Mexico’s participation in the FIFA Confederations Cup.The United States face the Mexicans in another World Cup qualifier three days later, two days ahead of the original date, as the visitors will then travel to Kazan, Russia, for the Confed Cup, where they will open against Portugal on June 18.The Americans are looking to rebound from losses in their opening two games in the final round of the North, Central American and Caribbean qualification for the 2018 World Cup, also in Russia.last_img read more

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CCJ orders NBS to pay a local architectural firm outstanding $15M

first_img…for design of head officeLocal financial institution – New Building Society Ltd (NBS) – was on Friday ordered by the Caribbean Court of Justice (CCJ) to pay over $15 million to a local architect for works done on its new head office building located on Avenue of the Republic and North Road, Georgetown.The CCJ discharged a stay of execution that had been granted in a lower court, thus enabling the company, Rodrigues Architects Ltd, to recover the balance of monies due.In 2015, High Court Judge, Justice Rishi Persaud ordered the building society to pay Rodrigues Architects Ltd the sum of GY$15,897,625, plus six per cent interest per annum from November 27, 2008 to September 29, 2015, and thereafter at the rate of four per cent per annum until fully paid. Additionally, the court had orderedNew Building Society$100,000 for costs. He further ordered that there be a stay of execution for a period of six months from the date of the order.No judgment, however, has yet been delivered to provide reasons for the order.New Building Society Ltd applied for a stay of execution of the judgement pending the appeal.Justice of Appeal BS Roy granted the stay until the determination of the appeal but ordered that the judgement sum due to Rodrigues Architects Ltd be deposited with the Registrar to be put in an interest-bearing account to await the outcome of the appeal. Rodrigues Architects Ltd failed to get Guyana’s Court of Appeal to overturn Justice Roy’s decision. The company then applied to the CCJ to discharge the stay of execution and obtain the deposited sum.The CCJ, after reviewing the affidavit evidence, found that Justice Roy had erred in making his orders and the Court of Appeal had erred in reviewing those orders and letting them stand.“No stay should have been granted because it had not been shown that there was a good prospect of the appeal succeeding nor that there was no reasonable probability that the company would be able to repay the money received from the building society if the latter’s appeal succeeded,” the CCJ said in a statement on Friday.Further to that, Rodrigues, a Director of the company who has been in business for over 35 years, had been prepared to guarantee that he would personally repay the judgement sum paid to Rodrigues Architects Ltd if the society’s appeal succeeded.As security, he agreed that he would not encumber or dispose of a particular property of his worth over GY$50 million.In explaining the principles to be considered when a stay of execution of a judgement involving money is sought, the CCJ emphasised that a stay of execution is the exception rather than the rule and that the onus is on the applicant to make out a case for a stay which required the court to answer the “essential question whether, in all the circumstances, there was a risk of injustice to one party or the other of the parties if it grants or refuses a stay”.In answering this question, the Court required four issues to be considered. First, whether the defendant applying for a stay can satisfy the court that the appeal has a good prospect of success. Second, whether the defendant could establish that he would be ruined or his appeal stifled if forced to pay out the judgement sum immediately, instead of after an unsuccessful appeal.Third, whether there was no reasonable probability, if an appeal was successful, that the claimant would be in a position to repay the monies paid by the defendant to satisfy the judgement. Fourth, as a last resort, whether there is a risk that the claimant will be unable to enforce the judgement if a stay is granted and the defendant’s appeal fails, when a payment of all or part of the judgement sum into court may be appropriate. For ease of reference, a checklist was added to the judgement which explained how the question about stay of execution should be dealt with where there is a money judgement.The CCJ, with the consent of both parties at the end of the hearing, made various orders discharging the stay of execution, enabling the sum deposited with the court in Guyana to be released to Rodrigues Architects Ltd and enabling it to execute the judgement against New Building Society Ltd for the balance of monies remaining due under the judgement.last_img read more

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