EMV Migration Forum Provides Guidance for Contactless Debit Transactions in White Paper Addendum
Princeton Junction, N.J., May 6, 2015 – The EMV Migration Forum is providing new guidance to the U.S. debit payments industry by releasing today a document to enhance their technical EMV debit framework. The addendum to the industry-supported framework addresses contactless transactions for EMV debit transactions, “Addendum I – U.S. Common Debit Contactless Acceptance,” can be downloaded at http://www.emv-connection.com/u-s-debit-emv-technical-proposal/.
This document provides an example to help financial institutions successfully achieve contactless multi-network transaction processing while preserving global interoperability using a U.S. Common Debit compliant EMV application configuration.
“The EMV Migration Forum works at a high level to address challenges and provide resources that benefit the entire payments industry. Part of this means to add new resources to address industry questions,” said Randy Vanderhoof, director of the EMV Migration Forum. “The addendum to the EMV debit framework provides an example approach for terminal vendors, acquirers and merchants to successfully implement contactless and mobile EMV debit using the U.S. Common Debit AID.”
Topics addressed in the addendum include:
- Fundamentals – Contactless Acceptance – The framework defined in the EMV Migration Forum U.S. Debit EMV Technical Proposal is compatible with a contactless transaction when implemented on a dual interface EMV chip card or a mobile device
- U.S. EMV Common Debit Compliant Issuance – Financial institutions considering issuance of mobile payment credentials or dual Interface EMV debit cards have the option to deploy a U.S. Common Debit compliant EMV application configuration
- CVM Processing – Online PIN, Signature and No CVM may be supported as per the payment networks’ specifications
- U.S. Common Debit AID Selection – A chart illustrates an example flow for the merchant making a decision to select the U.S. Common Debit AID
More information on the original “U.S. Debit EMV Technical Proposal” can be found at http://bit.ly/1begUEC.
About U.S. EMV Chip Migration
Commonly used globally in place of magnetic stripe, EMV chip technology helps to reduce card fraud in a face-to-face card-present environment; provides global interoperability; and enables safer transactions across contact and contactless channels. Chip implementation was initiated in the U.S. market in 2011 and 2012 when American Express, Discover, MasterCard and Visa announced their roadmaps for supporting a chip-based payments infrastructure. Acquirer processor readiness mandates to support EMV were established for 2013, with liability shifts for managing fraud risk in a face-to-face environment set for 2015.
About the EMV Migration Forum
The EMV Migration Forum is a cross-industry body focused on supporting the EMV chip implementation steps required for payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure chip technology in the United States. The focus of the Forum is to address topics that require some level of industry cooperation and/or coordination to migrate successfully to chip technology in the United States. For more information on the EMV Migration Forum, please visit http://www.emv-connection.com/us-payments-forum/
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