Identity in Payment, Banking, Transit, Loyalty, Parking

EMVco to host 2010 User Meeting for technical development in the EMV arena

Wednesday, May 12, 2010

EMVco, the EMV standards body has announced its 2010 User Meeting to take place on June 29-30 in Singapore. The body made up of American Express, JCB, MasterCard and Visa, has invited all users of EMV Specifications to be in attendance.

Featured guests will include senior EMVCo representatives and EMV users allowing for an opportunity to introduce the newest technical advances and discuss future developments of the EMV standard.


This meeting comes after a year of new developments for the company. First, with the introduction of the EMVCo Associates Program which allows Business and Technical Associate to play a more active role and then with the launching of a website subscription program, which gives users the ability to access advance information regarding revisions to EMV Specifications, draft documents and upcoming meetings.

This User Meeting however will focus on technical EMV issues and developments and will educate delegates on strategies an organization can utilize in this up-and-coming market. Additionally there will be opportunities to share valuable ‘grass roots’ feedback, which has become a discussion on future developments. The four sessions outlined in the program are: building the infrastructure for EMV contactless; expanding the EMV community through the EMVCo Associates Program; exploring the contactless mobile ecosystem; and the depth of EMV security. [end] 

A new survey from Euro Kartensysteme shows that Germans are starting to embrace the idea of contactless and NFC payments.

Out of 1,040 Germans aged 18-59, 43% responded that they would like to make contactless payments if given the opportunity, of which 58% percent would make their payments with a debit card card, 41% with a credit card and 50% with an NFC phone.

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Visa Europe has announced that NFC-enabled smart phones from Samsung, LG and Research In Motion have been certified for use with Visa payWave, Visa’s mobile application for payments at the point-of-sale.

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EMVCo, the EMV standards body owned by American Express, JCB, MasterCard and Visa, has published a new white paper on its work to securely standardize the deployment of contactless mobile payments.

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More than three-quarters POS terminals enabled

Adoption of EMV as the universal payment standard gained further traction in 2011, with official figures revealing that more than 42% of all payment cards and nearly 76% of all terminals in circulation globally are based on EMV technology. These numbers, however, do not reflect the U.S.

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The National Institute of Standards and Technology announced a competition to award a approximately $10 million for pilot projects to accelerate progress toward improved systems for interoperable, trusted online credentials that go beyond simple user IDs and passwords.

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The O2 Arena in London has teamed up with Barclaycard and Visa Europe to introduce contactless technology in more than 250 card payment terminals across the venue.

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