Discover Joins EMVCo

September 4, 2013 at 15:11

Discover Financial Services has become the newest member of EMVCo (EMV® standards body) joining existing members Visa, MasterCard, American Express, JCB and UnionPay. All six equal members will work together to manage and progress both contact and contactless EMV industry specifications and facilitate global interoperability and acceptance of secure chip payments. Dave Meadon, EMVCo Executive…

EMV Behind Card Fraud Decline in Europe

August 5, 2013 at 09:39

Recent statistics from the European Central Bank (ECB) reveal that fraud in the Single Euro Payments Area fell 7.6% between 2007 and 2011, despite growing card usage in this region. This decline is underpinned by a slowdown in the growth of ATM fraud as well as a 24% drop in fraud carried out at Point…

UnionPay Now Part of EMVCo

June 18, 2013 at 15:24

EMVCo, the EMV® standards body previously jointly owned by just American Express, JCB, MasterCard and Visa, is now also joined by China UnionPay, further reinforcing the growth of the EMV standard globally. UnionPay now has an equal interest in the standards body and EMVCo’s management structure has been amended to accommodate UnionPay representation on the…

EMV deployment gathers pace with Discover

November 14, 2012 at 10:31

It has been announced that the next significant step in Discover’s global EMV deployment will involve a comprehensive strategy and roadmap including Discover Network, Diners Club International, PULSE and Discover Card. Dicover’s  Fraud Liability Policy is to fit in with U.S. EMV migration schedules and will be effective from October 1, 2015 at point-of-sale terminals…

EMV in the Cloud – a viable alternative?

October 31, 2012 at 17:00

The US EMV Migration is a highly debated topic in the payments industry right now, but could EMV in the cloud really become a viable solution? Jeremy Gumbley, Chief Technology Officer at leading EMV software provider CreditCall, certainly thinks so and is due to give a presentation on this hot topic at Cartes in Paris…

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