The topic of the December 9-10 was "Integrated Chip Payment Standards: the Next Generation."

Amid the ongoing challenge of finding a workable EMV debit solution, the group was tasked to:
• Identify/address gaps in the current ecosystem;
• Determine whether standards are needed, and if so,
• What standards would be helpful; and,
• Suggest next steps.

Representatives from ANSI, ASC X9 and SWIFT discussed the value of standards and how proprietary standards can become part of a new open standard. Most agreed that standards should be performance-based, feasible for implementation and that a new, open consensus standard could begin with existing standards. There also was a review of the current state of EMV, including an overview of the Canadian EMV migration by Interac.

Attendees then broke into smaller groups to identify the top five "pain points" of the current EMV roadmaps and to outline what gaps could be filled by an open standard.
The top five points appeared to be:
• The need for a common AID/solution;
• Potential security gaps;
• Migration of fraud to CNP;
• The proprietary nature of the EMV spec; and,
• Fraud and future proofing Mobile in general.

"The results of these discussions were quite interesting in their similarity to those already taking place within ATMIA and other industry groups," said David Tente, ATMIA U.S. Executive Director who attended the meeting. "I was pleased to be included and I am eager to see how much progress can be made in the forthcoming meetings."