Message from the Chair of the EMVCo Board of Managers

As we enter the final quarter of the year, we are excited to share our progress in several key areas.

The latest EMV® Chip data demonstrated consistent and sustained growth in deployment and adoption around the world, reflecting the foundational role the technology plays in enabling reliable, familiar and trusted contact and contactless payments.

EMVCo’s proven ability to support secure and seamless payments around the world underpins new initiatives. This includes the formation of the Electric Vehicle Open Payments Task Force to explore how EMV payment technology could help promote convenient payments at charging points, as well as the release of draft EMV Click to Pay Customer Experience (CX) Guidelines to help simplify online checkout.

With a host of other activities also underway, the EMVCo community – as always – will continue to play a pivotal role in shaping the evolution and advancement of the EMV Specifications. I look forward to engaging with you all during my time as Chair, and I would also like to thank Jonathan Main for his drive and commitment throughout his 12 months in the role.

Below you will find a recap of key EMVCo news, technical updates and activities from the third quarter, and a snapshot of the latest educational resources available to support understanding of EMVCo’s work. We encourage you to share this newsletter with your colleagues and industry peers.

Carey Ferro

Chair of EMVCo Board of Managers, 2023 – 2024

Upcoming Meetings

Associates and Subscribers(*) can register for the following sessions via the EMVCo website.

  • Board of Advisors Meeting, 10-12 October 2023, Nashville, USA
  • EMV 3DS Special Interest Meeting, 13 November 2023, Barcelona, Spain
  • Technical Meeting, 14-15 November 2023, Barcelona, Spain
  • Biometrics Special Interest Meeting, 16 November 2023, Barcelona, Spain
  • Board of Advisors Meeting, 5-7 March 2024, Melbourne, Australia
  • Technical Meeting, 15-18 April 2024, Phoenix, USA
  • EMV User Meeting, 18-19 June 2024, Copenhagen, Denmark
  • Board of Advisors Meeting and Technical Meeting, 14-17 October 2024, Lisbon, Portugal

All meeting dates for the remainder of 2023, and 2024 planned meetings, are listed on the Associate Dashboard.

Not yet an EMVCo Associate? Find out more about how to participate. Recent additions to the EMVCo Associates Programme (EAP) include Infineon, WEX, STMicroelectronics and TTA.

News

EMVCo Reports Nearly 13 Billion EMV® Chip Cards in Global Circulation

Data published by EMVCo shows that at the end of 2022, 12.8 billion EMV Chip cards were in global circulation – a 7% increase compared to the previous twelve months. EMVCo data also shows that 69% of all issued cards are EMV-enabled and 93% of all card-present transactions conducted globally used EMV Chip technology.

Read the press release here.

EMVCo Releases Draft EMV® Click to Pay Customer Experience (CX) Guidelines for Public Review

EMVCo has released the draft EMV® Click to Pay Customer Experience (CX) Guidelines for public review and feedback. The draft guidelines aim to support merchants, payment service providers, product owners, developers and CX designers in simplifying online checkout and making it more consistent, convenient and secure. This can help merchants to reduce fraud and lower cart

The draft guidelines follow the introduction of the ‘Merchant Orchestrated Checkout Model’ in Version 1.3 of the EMV SRC Specifications, where the payment experience and interaction are developed by the merchant or their payment service provider. This model enables the merchant to integrate the user experience and manage customer recognition.

The draft EMV Click to Pay CX Guidelines can accelerate the development and implementation of consistent Click to Pay solutions. The guidelines offer interactive, easy-to-follow sample screens and key use case flows, and link to the software development kits (SDKs) and application programming interfaces (APIs) needed to build solutions. This approach helps Click to Pay solution providers to understand how the CX should be implemented at the technical level to deliver an optimised experience.

Read the press release here.

EMVCo Exploring Support for Secure and Seamless Payments at Electric Vehicle Charge Points

EMVCo has announced the formation of an Electric Vehicle Open Payments Task Force. The Task Force will work with various industry stakeholders to explore how EMV payment technology could help support a secure and seamless electric vehicle (EV) charging payment experience.

Priorities for the EV Open Payments Task Force include engaging with industry bodies such as CharIN, the International Organization for Standardization (ISO) and the Secure Technology Alliance to examine opportunities for integrating EMV Specifications with existing EV charging standards and protocols to support interoperable, open payments. The Task Force will also explore the potential for developing dedicated EMV Specifications for EV charging payment products, as well as supporting functional approval and security evaluation processes.

Read the press release here.

Technical Updates

EMVCo Publishes Security Requirements for MFA Payment Solutions

EMVCo has released security requirements to support the development of multi-factor authentication (MFA) solutions capable of preventing or detecting attacks that could compromise the security of payment authentication. The ‘Multi-Factor Authentication Solutions for Payments Security Requirements’ document is publicly available from the EMVCo website.

Wireless Payment: Considerations for Use of EMV Chip White Paper

The Associate review period for the EMV White Paper – ‘Wireless Payment: Considerations for Use of EMV Chip’ – has just closed. The White Paper explores the data and security considerations for wireless payments across multiple use-cases and is part of EMVCo’s ongoing evaluation of the role wireless technologies can play in supporting in-store payment experiences. EMVCo thanks all stakeholders for their engagement to date.

TapToMobile Acceptance Criteria

EMVCo is introducing a minimum acceptance criteria and a supporting approval process for TapToMobile acceptance devices. This is in addition to traditional payment devices that define two additional Reduced Range acceptance criteria with different requirements relating to read range and positioning as outlined within the EMV® Contactless Interface Specification. EMVCo is currently refining the proposals and testing processes are expected to be available by the end of 2023 / early 2024. EMVCo is also discussing payment specific requirements with the NFC Forum.

Biometric on Card

EMVCo is continuing its work to support the growing use of biometric payment cards through the development of performance and security requirements for fingerprint sensors and processors on card. EMVCo is also exploring approval and evaluation frameworks that can help to balance convenience and security, while taking into account the unique considerations for biometric cards.

Events

EMVCo participated in these key industry events in Q3:

W3C Technical Plenary and Advisory Committee (TPAC)

EMVCo’s Director of Technology, Arman Aygen, spoke with Netcetera’s Principal Consultant, Nako Siskov, on EMV Secure Remote Commerce at the Web Payments Security Interests Group (WPSIG) meeting during the W3C TPAC.

PCI SSC North America Community meeting

In September, EMVCo’s Director of Operations and Engagement, Oliver Manahan, spoke at PCI SSC North America Community Meeting alongside PCI SSC’s VP, Solution Standards, Andrew Jamieson. Attendees learned about the complementary work of the organisations for mobile security, specifications and acceptance.

European Association of Payment Service Providers for Merchants (EPSM) Meeting

EMVCo’s Director of Technology, Arman Aygen, and Netcetera’s Fellow, Dr. Thomas Fromherz, presented at the 52nd EPSM Member Meeting in September. Attendees explored the role EMVCo played in global payments and the latest developments of EMV 3DS, with a focus on acquirers and merchant PSPs in the EU, and PSD2.

Don’t miss EMVCo at these upcoming industry events this year:

FIDO Authenticate

EMVCo is attending FIDO Authenticate in California on 16-18 October. Arman Aygen, Director of Technology, will participate in a panel on authentication and standards.

APSCA Next-Generation Payments

EMVCo is attending APSCA Next-Generation Payments in Kuala Lumpur on 18-19 October. Oliver Manahan, Director of Engagement and Operations, will speak on the latest work from EMVCo on TapToMobile payments, Biometric on Card, and Click to Pay Customer Experience enhancements.

PCI SSC Europe Community Meetings

EMVCo is attending the PCI SSC Europe Community Meetings. Arman Aygen, Director of Technology, will speak together with Andrew Jamieson, VP Solutions at PCI SSC during the Europe Community Meeting in Dublin on 24-26 October. He will be delivering sessions on Mobile Payments and TapToMobile.

Money 20/20 USA

EMVCo is attending Money 20/20 USA in Las Vegas on 22-25 October. Oliver Manahan, Director of Engagement and Operations, will speak on digital wallets on a panel with Open Wallet Foundation, Fido Alliance, Google and Visa.

MRC Singapore

EMVCo 3DS Working Group’s Doug Fisher will be delving into how merchants can benefit from features in the latest version of EMV 3-D Secure alongside Adyen’s Product Lead, Renan Renner and Ant Group.

Educational Resources 

Do you have colleagues, partners or customers who would benefit from greater EMV  understanding? Check out and share these latest educational resources for insights and information on the role and value of EMVCo and EMV Specifications.

EMV Insights

Educational Videos

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EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC. Timelines noted in this newsletter are subject to change.

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