American Express Announces EMV Migration In The US

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CC Deville
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American Express Announces EMV Migration In The US

Postby CC Deville » Fri Jun 29, 2012 4:09 pm

Amex finally backed up Visa, MasterCard and even Discover with their intent to migrate from 60 year old mag stripe cards to EMV:

American Express Announces U.S. EMV Roadmap to Advance Contact, Contactless and Mobile Payments

The press release states that Amex plans to begin issuing EMV chip cards in the later half of 2012. No word on if that is for all cards or only certain cards/cardholders.


nedyah700
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Postby nedyah700 » Fri Jun 29, 2012 4:15 pm

That's funny, I was at Google I/O and whenever I asked the Google Wallet guys when AMEX would jump on board. They all would say sadly we cant tell you but I can say that the announcement barely missed the cutoff. The event ended today so it really did barely miss the event!

CC Deville wrote:Amex finally backed up Visa, MasterCard and even Discover with their intent to migrate from 60 year old mag stripe cards to EMV:

American Express Announces U.S. EMV Roadmap to Advance Contact, Contactless and Mobile Payments

The press release states that Amex plans to begin issuing EMV chip cards in the later half of 2012. No word on if that is for all cards or only certain cards/cardholders.

Reclusive46
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Postby Reclusive46 » Fri Jun 29, 2012 4:22 pm

About time, its such a pain when I'm visiting the US with my UK card. Pretty much every transaction gets blocked as they think its fraud. Most EU cards that are stolen get shipped off to the US and used, although bizarrely enough, last time I was on a business trip to the USA, some shop had an Chip and Pin (EMV) reader and she was so confused when the machine didn't ask her to make me sign it.

Another thing this will help with is contactless. We have a max of £20 and then we need to do a chip transaction. SO maybe the first two I can do contactless then I have to wait to get home to reenable the contactless feature. American Express atleast made this a bit easier and by swiping it now, in some locations, it can reset the counter.

Something you US guys will find out, is how much quicker it can be with a PIN. Hopefully the USA will choose PIN though and not chip and signature.
Amex UK Platinum Charge Card
Amex Blue Cash USA
Amex US Gold Corporate Card
World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)

CC Deville
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Postby CC Deville » Fri Jun 29, 2012 4:45 pm

That's crazy! Amex really was late to the party. Pretty sad considering they are partial owners of EMVco and that Discover beat them to it!

American
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Postby American » Fri Jun 29, 2012 5:19 pm

Latter half of 2012 is okay with me. Chips coming soon to my 3 Amex's! I'm pumped.
American Express '02: Platinum, Blue Cash Preferred 6k, SPG 2k, Delta Gold 1k
Barclaycard '11: Apple Financing Card 2.5k
Citi: Diamond Rewards 1.5k
Chase: Freedom 500
Discover '12: Discover IT 1.5k

agp
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Postby agp » Fri Jun 29, 2012 6:03 pm

Very nice, although I'm sure this will make little to no difference to my credit card usage, I would love a reason to apply for a new card.

Main Card: Amex Platinum
For gas: Penfed Platinum Cash Rewards
For travel & dining: Chase Sapphire Preferred

CC Deville
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Postby CC Deville » Fri Jun 29, 2012 6:41 pm

American wrote:Latter half of 2012 is okay with me. Chips coming soon to my 3 Amex's! I'm pumped.


Well I would guess that by 2015 *all* of your cards will have a chip. EMV is coming to the US finally. I was at Macy's last weekend and I noticed that they changed their POS (point of sale) machines...there was a slot of Chip cards, the mag stripe (of course) and an NFC/RFID (PayPass) on top and it showed a hand waving a card over it and said it was the Magic of Macys. Over the next few years you will start to notice these new POS systems.

The thing about Amex's announcement is that they don't really specify which cards are getting the chip first. No other creditor has rolled them out across all products to all cardholders. So far, with the exception of Chase, the EMV card is offered to cardholders that routinely travel overseas. I have to imagine that Amex will do something similar: making them standard this year on Centurian and Platinum; PRG Gold and Gold in 2013 and by 2014 standard on all. I could be wrong of course. My Blue expires in September this year. I am kind of bummed about that! As you know, these suckers are good for four years! I will likely miss the EMV chip by a few months if they truely are rolling them out on all products.....

Also no mention of them being true Chip + PIN or the stupid American Chip + Signature......

Reclusive46
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Postby Reclusive46 » Fri Jun 29, 2012 6:47 pm

Interesting on the https://merchant.americanexpress.com/accept-card/get-merchant-account?extlink=dw-mer-CasDM001 one of the slide pages at the time has an EMV POS.

Also for the person above me, can't you just ask for a card replacement? Say it got damaged?
Amex UK Platinum Charge Card

Amex Blue Cash USA

Amex US Gold Corporate Card

World MasterCard Capital One UK (Free abroad + Cashback + Free Cash Withdrawals with no interest)

DavidNY
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Postby DavidNY » Fri Jun 29, 2012 8:06 pm

I found an EMV/mag stripe combo reader at the post office. They're coming.

I wonder what will become of the RFID cards.

CC Deville
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Postby CC Deville » Sat Jun 30, 2012 10:44 am

DavidNY wrote:I found an EMV/mag stripe combo reader at the post office. They're coming.

I wonder what will become of the RFID cards.


RFID cards are actually poised to become more popular. The banks and networks are actually pushing for it. Mobile phone payments are themselves RFID (Paypass, Paywave etc). To date, most Americans and even Europeans have shunned RFID for fear that simply walking past a scanner can charge your card when equipped. When you hear about "contactless EMV" that is actually just RFID (Paypass et al) but with a PIN requirement for larger dollar amounts.

Most, if not all, countries that have switched to EMV Chip+PIN have done so because of government regulation. Our idiot government wants to regulate everything else but aparently not security. That moron Senator Durbin (from the MOST corrupt State in the Union-Illinois) had the perfect opportunity to have regulation demanding EMV by a certain date but he didn't. Instead he just wanted to use the big banks as whipping boys. This is why migration in the US is taking so long---it is not being regulated and nobody knows what to do. Visa just says "give em Chip+Signature, mobile phone payments are the future anyway." And you have MasterCard and Discover saying "we support all forms of EMV but we prefer Chip+PIN." Nobody knows how to proceed.



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