EMV Migration Forum Advances U.S. EMV Chip Migration with Release of EMV Debit Technical Framework
Princeton Junction, N.J., April 29, 2014 – The EMV Migration Forum is providing theU.S. debit payments industry with a strong path forward in their move to EMV chip technology with the release of a technical EMV debit framework today. The industry-supported framework is detailed in the white paper “U.S. Debit EMV Technical Proposal,” available for download at http://www.emv-connection.com/u-s-debit-emv-technical-proposal/.
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EMV Migration Forum Offers Third ‘EMV 101’ Webinar to Educate Banks, Merchants and Processors on U.S. Move to Chip Card Payments
Princeton Junction, N.J., April 28, 2014 – The U.S. payments industry is accelerating its move to EMV chip card payments to reduce counterfeit card fraud, provide global interoperability and enable safer and smarter transactions across card and mobile NFC payments channels. To help card issuing banks and merchants achieve these benefits and ready their organizations for the October 2015 fraud liability shift, the EMV Migration Forum is offering a third ‘EMV 101’ webinar.
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EMV Migration Forum Expects Major Increase in U.S. Chip Adoption in Next Year, Defines EMV Debit Framework
Princeton Junction, N.J., April 2, 2014 – U.S. EMV chip adoption is poised for exponential growth in the next year from today’s estimated 17 to 20 million EMV chip cards and millions of EMV-capable terminals and ATMs, some of which already accept EMV chip cards, the EMV Migration Forum announced at its March meeting. The Forum also provided in-depth briefings on the significant progress in working through technical challenges relating to EMV debit implementation, resulting in an industry stakeholder-supported debit technical solution framework. Continue Reading →
Use of Common Terms to Fuel U.S. Migration to EMV Chip Payments
EMV Migration Forum releases Standardization of Terminology 2.1 for industry use
Princeton Junction, N.J., April 1, 2014 –The U.S. payments system is changing as we join 80+ other countries and move to chip card payments. As new payment cards, new acceptance terminals and a new way to pay in-store are being introduced to the market, our basic terminology will evolve. To ensure consistency and accuracy in the way card issuers, retailers, consumers and the media talk and write about chip technology, the EMV Migration Forum has released a new version of its Standardization of Terminology document. Continue Reading →