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EMV Shows Slow Progress
Posted on April 15, 2016 (Category: Fraud and Security, Debit / Credit Cards, Terminals)

The EMV transition shows a slower progress than expected which giving the merchants and the consumers some headaches. Credit card issuers and payment companies said that majority of the credit cards in the US are now chip-embedded but most payment terminals can’t read the new technology.

In December 2015, only 20% of terminals have been activated to process the 60% cards issued by the banks. The high cost of migrating to EMV and the longer transaction times caused the merchants to put a halt in updating their systems. This in addition to the limited POS Terminal usage is now making the EMV switching in the US a real bumpy road to completion.

Read more details on http://www.bloomberg.com/news/articles/2016-04-13/newfangled-credit-cards-cause-headaches-at-stores-across-america

1,600,000 Merchants ?

Many POS Terminals Thailand is an amazing country with huge potential. Today the must successful bank have for the last few years triple their number of POS terminals, so called card acceptance terminals and now reached more than 120,000 locations.

Twice the size Within the next year and up to end of 2015 likely the number of locations has increased to 250,000. Today 2014 the number of locations represents only 7.5% of total potential merchants or of we assume that 20% are so called bankable merchants in total equal to 320k say 350,000 bankable prime locations, the numbers today only represents 35%.


e-Money in Thailand

Bang of Thailand informed the market players on August 14 how to handle and make rules for e-money A few interesting things, worth to be mentioned is:
Bank of Thailand give guidelines that e-money issuers can put an expiration date. That's is very surprising due to the fact that there is an Consumer Act saying the opposite, issuer of electronic values can not put an expiration date.
If you have a card or an account with e-money and you go to an ATM machine to withdraw TB 100.00 but your balance is only TB 80.00, the provider, the issuer is not allowed to give a credit. e-money must be bought and then later used or withdrawn. Provider must allow you to withdraw the value.
So in reality today, August 2014 when mobile phone operators in Thailand, give you an AUTO CREDIT when your account run low, that is not allowed
There is a limit that an e-money card or voucher only can have TB 50,000 but no limitation on how many you can buy.


The way you find ViA

ViA PAY the way you find ViA Card shop

The SPACE in the shop has a value, you agree? So it is also important to see how much and where in the shop you have the best earnings.

ViA eBM devices is a better way on how to conduct proper business among small medium merchants. The shop-in-the-block, the Street sales-person, the home delivery guy or girl actually any one who meet people and conduct some type of business.