May 25, 2015
After the major data breach that happened last year at Neiman Marcus,Target, Sally Beauty, Michaels, Home Depot, U.S. retailers have taken notable measures towards data security. Shifting to EMV is one such notable measure. The only major market which had low EMV adoption is now changing rapidly. Now, EMV is gathering steam in the U.S. before the liability shift in October 2015.
In a report recently published by GrowthPraxis, it is expected that the installed base of EMV terminals in the U.S. will reach around 65% by the end of 2020, while the installed base of mobile POS terminals is expected to reach 8.8 million by 2020. The report also projects the number of NFC terminals till 2020. The demand of NFC terminal has spurred in last few months after Apple launched their NFC-based mobile payments system (Apple Pay). Samsung will also be launching their mobile payments system shortly.
In the U.S. there are more th ...