Discover Joins EMVCo

September 4, 2013 at 3:11 pm

Discover Financial Services has become the newest member of EMVCo (EMV® standards body) joining existing members Visa, MasterCard, American Express, JCB and UnionPay. All six equal members will work together to manage and progress both contact and contactless EMV industry specifications and facilitate global interoperability and acceptance of secure chip payments. Dave Meadon, EMVCo Executive […]

EMV Behind Card Fraud Decline in Europe

August 5, 2013 at 9:39 am

Recent statistics from the European Central Bank (ECB) reveal that fraud in the Single Euro Payments Area fell 7.6% between 2007 and 2011, despite growing card usage in this region. This decline is underpinned by a slowdown in the growth of ATM fraud as well as a 24% drop in fraud carried out at Point […]

UnionPay Now Part of EMVCo

June 18, 2013 at 3:24 pm

EMVCo, the EMV® standards body previously jointly owned by just American Express, JCB, MasterCard and Visa, is now also joined by China UnionPay, further reinforcing the growth of the EMV standard globally. UnionPay now has an equal interest in the standards body and EMVCo’s management structure has been amended to accommodate UnionPay representation on the […]

EMV deployment gathers pace with Discover

November 14, 2012 at 10:31 am

It has been announced that the next significant step in Discover’s global EMV deployment will involve a comprehensive strategy and roadmap including Discover Network, Diners Club International, PULSE and Discover Card. Dicover’s  Fraud Liability Policy is to fit in with U.S. EMV migration schedules and will be effective from October 1, 2015 at point-of-sale terminals […]

EMV in the Cloud – a viable alternative?

October 31, 2012 at 5:00 pm

The US EMV Migration is a highly debated topic in the payments industry right now, but could EMV in the cloud really become a viable solution? Jeremy Gumbley, Chief Technology Officer at leading EMV software provider CreditCall, certainly thinks so and is due to give a presentation on this hot topic at Cartes in Paris […]

EMVCo reveals continuous growth in global EMV deployment

July 4, 2012 at 12:00 pm

The latest figures released by EMVCo, the EMV® standards body, show that 45 per cent of all payment cards and 76 per cent of all payment terminals used globally are based on EMV technology. The data from EMVCo represents the latest statistics from American Express, JCB, MasterCard and Visa, as reported by their respective global […]

American Express announced roadmap for U.S. EMV adoption

July 2, 2012 at 1:42 pm

American Express announced it would be joining MasterCard, VISA and Discover in adopting EMV chip technology for contact, contactless and mobile payments in the U.S. AmEx, the last holdout of the four big card issuers, revealed its three-step migration roadmap for abandoning mag-stripe for more advanced EMV technology for all merchants, processors and issuers of […]

Mobile EMV Kernel – Using a mobile phone as a payment terminal

June 11, 2012 at 10:30 am

Traditionally, GPRS-based mobile payment terminals which are used to accept debit or credit card payments (including both magnetic-stripe cards and EMV “Chip and PIN” cards) in the field, have been expensive, and bulky, which has hampered their acceptability to small merchants or those that operate mobile businesses. Mobile Credit Card Readers Now though, by taking […]

EMV Level 2 Certification Process

April 3, 2012 at 10:55 am

Any card payment solution that accepts EMV cards (commonly referred to as Chip and PIN) must contain an EMV Level 2 Kernel that has undergone formal EMVCo type approval testing. There are several steps which need to be considered: 1. Select an EMV Level 2 Kernel The first step on this path is to select […]

It’s time for SDA and Plaintext Offline PIN to bow out gracefully

February 6, 2012 at 11:00 am

There’s no doubt that EMV is a great standard that has succeeded in providing a greater level of security for Cardholders, Merchants and Issuers alike. However, like anything that evolves there is always an element of junk DNA in the design. EMV has its fair share of junk DNA, the recent bad press (also read […]