19 February 2018
Visit www.avoka.com

EMV Migration Forum outlines debit implementation principles

02 July 2013  |  1632 views  |  0 Source: EMV Migration Forum

Following its June meeting, the EMV Migration Forum has issued the following statement on EMV debit implementation in the United States:

"The merchant, issuer, merchant acquirer, and issuer processor members of the EMV Migration Forum came together and jointly recommended principles for implementing EMV debit in the United States.

The recommended path for U.S. EMV debit implementation and acceptance at U.S. devices is a single common U.S. debit payment application identifier (AID) on a debit card that represents each of the debit networks enabled on the card.

If this approach is adopted as recommended, no additional complex tags are necessary for U.S. debit implementation, as would be required with a multi-application approach.

The goals of these recommendations are to reduce the complexity of U.S. EMV implementation and to facilitate a positive consumer experience.

These recommendations are the result of in-person meetings, weekly phone meetings over several months, and thousands of hours of evaluation and analysis of the technology and use case scenarios, involving a broad cross-section of industry stakeholders." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.ebaday.comVisit http://info.nice.comVisit https://www.capgemini.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11463 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
9026 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8887 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8795 views comments | 15 tweets | 43 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
7396 views comments | 12 tweets | 10 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job