News from the Wire

Industry Participation in EMVCo Expands

Tuesday, September 10, 2019 — 12:25:05 (EDT)

10 September 2019 – EMVCo has announced the continued expansion of its Associate Programme, with new organisations joining to engage in the strategic and technical direction of the global body.

2C2P, Adyen, BC Card, Checkout.com, Endeavour Internet Business Solutions, FrenchSys, ICC Solutions, Infinitium, Merchant Advisory Group, Shopify and Wakefern Food Corporation have all joined in the past year. As EMVCo Associates, these organisations will support the process of developing, enhancing and evolving the EMV® Specifications.

“Whether a consumer is using a card, phone or shopping online, EMVCo and the EMV Specifications exist so that secure payment products function globally,” comments Bruce Rutherford, Chair of the EMVCo Executive Committee. “This requires input, guidance and cross-industry collaboration to ensure we collectively support rapidly evolving payment trends. EMVCo welcomes and encourages the ongoing expansion of the Associates Programme, and thanks the continuing commitment from our Associates to shape future specification advancements.”

The EMV Specifications provide a comprehensive technology toolbox for both physical and remote commerce. The EMV Chip Specifications have evolved to include contact, contactless and mobile transactions, as well as EMV QR Codes. EMV 3-D Secure and EMV Secure Remote Commerce aim to deliver consistency and convenience for remote payments. EMV Payment Tokenisation, Consumer Device Cardholder Verification Method and Security Evaluations for Software Based Mobile Payment Solutions help provide additional security for emerging payment methods.

All interested stakeholders are encouraged to get involved. Visit the EMVCo website for further details on the EMVCo Associates Programme and how to join.

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Source: Company press release.