18 January 2018
visit www.ebaday.com

EMV Migration Forum refreshes committee

23 February 2015  |  2163 views  |  1 Source: The EMV Migration Forum

The EMV Migration Forum anticipates 2015 to be a pivotal year for the U.S. payments ecosystem as the market transitions to more secure EMV chip payment cards.

By the end of 2014, an estimated 120 million chip cards had been issued, and this number is expected to skyrocket to 600 million by the end of 2015. The Forum and its leadership have made major strides in advancing the progress of the migration since its inception in 2012 by providing a platform for cross-industry cooperation and coordination for industry stakeholders. To continue to lead the U.S. chip migration towards success, the EMV Migration Forum announced today its 2015-2016 Steering Committee and officers.

The EMV Migration Forum is made up of 175 member organizations including global payments brands, financial institutions, merchants, processors, acquirers, regional debit networks, industry associations and industry suppliers. For membership information, visit http://www.emv-connection.com/emv-migration-forum/membership-levels/.

"The EMV Migration Forum is dedicated to addressing issues relating to chip education and implementation, both of which are extremely important during this critical and exciting time in the U.S. chip migration," said Randy Vanderhoof, director of the EMV Migration Forum. "The Forum's leadership is integral in guiding the success of the organization, and its diverse cross-industry makeup helps to give the Forum a balanced voice and allows us to better address the needs of the entire payments ecosystem."

The Steering Committee manages the Forum and guides the priorities and plans of the organization and its working committees -- ATM; Card-Not-Present Fraud; Communication and Education; Debit and EMV; Testing and Certification; and U.S. Coordination. Each working committee aims to address different aspects of the migration to chip technology. Some of the key working committee activities that the Steering Committee oversees include identifying and providing solutions to issues relating to chip migration, developing best practices for chip implementation and market education, and creating deliverables such as won, and creating deliverables such as white papers and webinars for industry stakeholders at all levels of education and implementation.

The Forum also hosts quarterly in-person meetings for its membership to hear updates on the status of EMV chip migration, work on projects and address points which require some level of industry cooperation and/or coordination. Forum meetings provide members with the opportunity to share perspectives, report lessons learned and ask questions of other industry colleagues in the midst of chip migrations. The next members-only meeting will be held March 10-11 at Disney's Grand Californian Hotel in Anaheim, California. More details can be found at http://bit.ly/1zd0Bfv. Merchant organizations that have never previously attended an EMV Migration Forum meeting are invited to contact the Forum about a special introductory offer.

The newly-elected Steering Committee officers for 2015-2016 are:

  • Chair: John Drechny, Walmart
  • Vice Chair: Patty Walters, Vantiv
  • Treasurer: Sarah Hartman, TSYS
  • Secretary: Karen Czack, American Express

"The Forum has made significant progress in solving complex problems and addressing real implementation issues relating to chip migration. I am looking forward to my continued leadership role in the Forum and to supporting the important activities that are helping the industry make chip payments a reality in the U.S.," said returning chair, John Drechny, Walmart.

The full cross-industry Steering Committee for 2015-2016 is:

Acquirer/Processor Representatives Issuer Representatives
- Sarah Hartman, TSYS - Scott Haney, Woodforest National Bank
- Patty Walters, Vantiv - Dr. Art Harper, PSCU
  - Jesse Lee, Wells Fargo
General Member Representatives - Tim Ludwig, Chase
- Allen Friedman, Ingenico - Ron Schnittman, Bank of America
- Jamie Topolski, Fiserv  
  Merchant Representatives
Global Payments Network Representatives - Kristy Cook, Target
- Carolyn Balfany, MasterCard - John Drechny, Walmart
- Karen Czack, American Express - Barry Hanen, Walgreens
- Simon Hurry, Visa Inc. - Kathy Hanna, Kroger
- Ellie Smith, Discover Financial Services - Julie Hueneke, McDonald's
- Huy Vu, UnionPay USA  
  Regional Network Representatives
Industry Supplier Representatives - Nancy Loomis, First Data/STAR
- Nick Pisarev, Giesecke & Devrient - Bob Woodbury, FIS/NYCE
- Erik Vlugt, Verifone  

Comments: (1)

A Finextra member
A Finextra member | 23 February, 2015, 19:13

EMV should make this industry more secure for all of us, merchants and consumers alike. We just upgraded all of our terminals to EMV. We bought them at MagicPay Merchant Services, the first one was free (wireless, iWL255), then we purchased the Ingenico's iCT250, for $175 a piece, but it's a wired one.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.fivedegrees.nlvisit www.ebaday.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10672 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10120 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9707 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9241 views comments | 17 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8203 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission
London, UK

Find your next job