Chip Card Shift Projected To Be Nearly Done By 2017

As the Oct. 1 deadline for the EMV merchant-liability shift inches closer, there’s going to be a lot more reports about which type of merchants are ready, and which aren’t.

Image source: Article

There’s also going to be plenty of reports on which issuers have their credit and debit cards EMV-chip enabled (and which are behind).

Read the full article.

CHART: Here's How Fast Square Is Growing

Square, the payments startup run by Twitter cofounder Jack Dorsey, is growing payments volume at a runaway clip.

Image source: Article

For Square, payments volume is a very close proxy for revenues: It takes a 2.75% cut of most transactions, which it then splits with Visa, MasterCard, and the banks.

The company has 330 employees at last count. We don't believe it's profitable yet, but at these growth rates—20 percent in the last two months—it could easily make money if it chose to. We think instead it's going to keep spending to acquire small-business customers.

View the full size chart and read more about Square and how it could impact your CU.