EMVCo has announced the continued expansion of its Associate Programme, with new organizations joining.
2C2P, Adyen, BC Card, Checkout.com, Endeavour Internet Business Solutions, FrenchSys, ICC Solutions, Infinitium, Merchant Advisory Group, Shopify and Wakefern Food Corporation have all joined in the past year. As EMVCo Associates, these organisations will support the process of developing, enhancing and evolving the EMV Specifications.
“Whether a consumer is using a card, phone or shopping online, EMVCo and the EMV Specifications exist so that secure payment products function globally,” comments Bruce Rutherford, Chair of the EMVCo Executive Committee. “This requires input, guidance and cross-industry collaboration to ensure we collectively support rapidly evolving payment trends. EMVCo welcomes and encourages the ongoing expansion of the Associates Programme, and thanks the continuing commitment from our Associates to shape future specification advancements.”
The EMV Specifications provide a comprehensive technology toolbox for both physical and remote commerce. The EMV Chip Specifications have evolved to include contact, contactless and mobile transactions, as well as EMV QR Codes. EMV 3-D Secure and EMV Secure Remote Commerce aim to deliver consistency and convenience for remote payments. EMV Payment Tokenisation, Consumer Device Cardholder Verification Method and Security Evaluations for Software Based Mobile Payment Solutions help provide additional security for emerging payment methods.
EMVCo exists to facilitate worldwide interoperability and acceptance of secure payment transactions. It accomplishes this by managing and evolving the EMV Specifications and related testing processes. This includes, but is not limited to, card and terminal evaluation, security evaluation, and management of interoperability issues. Today there are EMV Specifications based on contact chip, contactless chip, EMV 2nd Generation, Common Payment Application (CPA), card personalisation, Payment Tokenisation, and 3-D Secure. Click here to watch a Webcast overview of the role of EMVCo in secure payments, and insight into the technical body’s latest initiatives; including EMV Payment Tokenisation v2.0, EMV 3-D Secure, EMV QR Code and EMV Secure Remote Commerce. Also, download the infographic, and 2018: A Year In Review, for insight into the EMVCo Associates Programme, an overview of EMVCo technologies and the latest worldwide EMV Chip deployment statistics.