EMVCo, the global technical body owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa, has published
‘A Guide to EMV Chip Technology v2.0’
free to download document
provides an overview of the EMV chip specifications, processes and the role of the technology within the wider context of the payments community.
First published in 2011, the new version is updated to reflect EMVCo’s new branding and imagery, detail the evolution of the technical body and communicate the
latest transaction figures
, first published last month. The document also provides insight into the latest EMV chip specifications and introduces EMVCo’s next generation activity.
From an organisation perspective, the document details EMVCo’s collaboration with other industry bodies – including the International Organisation of Standardisation (ISO) and the Payment Card Industry Security Standards Council (PCI SSC) – as well as clarifying the boundaries of responsibility between EMVCo and its payment system member-owners.
EMVCo says that the guide will be of particular interest to parties migrating to an EMV chip infrastructure as it provides implementation considerations for issuers, acquirers and merchants, as well as details the responsibilities of EMVCo and its ongoing activity to advance the technology.
The document also defines the role of EMVCo and its ongoing efforts to achieve sustainable global interoperability through the delivery of its compliance programmes.
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