Message from the Chair of the EMVCo Board of Managers

Amid changing consumer behaviour and technological innovation, EMVCo is focused on helping enable seamless, reliable and secure payments across new and emerging use cases. This requires close collaboration with our Associates, Subscribers and industry partners, as well as the wider payments community.

At last month’s Board of Advisors meeting in Melbourne, Australia, our Advisors helped drive discussions on key strategic priorities. This included EMVCo’s work on Electric Vehicle Open Payments (EVOP), ongoing developments to the EMV® Secure Remote Commerce (SRC), EMV 3-D Secure (3DS) and EMV Payment Tokenisation Specifications, and the status of the TapToMobile initiative.

Commonwealth Bank of Australia and the Australian Payments Network (AusPayNet) also shared their insights and perspectives on the Australian payments industry, providing potential learnings for global stakeholders.

We look forward to building on this engagement at the upcoming Technical Meeting in Phoenix, USA, in April, followed by the annual EMV User Meeting in Copenhagen, Denmark, in June. We are also holding two Special Interest Meetings (SIM), one on EVOP and the other on the Biometric on Card work, alongside the EMV User Meeting. These two sessions will enable EMVCo Associates and EMVCo Subscribers from relevant industry verticals to explore key requirements and considerations in detail, and we strongly encourage all interested stakeholders to participate.

For further information on EMVCo’s work, please find below a recap of key news, technical updates and activities from the first quarter, as well as 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

Upcoming Meetings

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

  • Technical Meeting, 16-18 April, Phoenix, USA
  • EMV® User Meeting, 18-19 June, Copenhagen, Denmark
  • Biometrics Special Interest Meeting, 19 June, Copenhagen, Denmark
  • Electric Vehicle Open Payments (EVOP) Special Interest Meeting, 20 June, Copenhagen, Denmark
  • Board of Advisors Meeting, 14-15 October, Lisbon, Portugal
  • Technical Meeting, 16-17 October, Lisbon, Portugal

All meeting dates for 2024 are listed on the Associate Dashboard.

Not yet an EMVCo Associate? Find out more about how to participate.

*EMVCo subscribers are only permitted to attend EMV User Meetings

News

EMVCo Annual Report 2023
In 2023, the EMVCo community continued to advance EMV technology as the foundation for seamless and secure payments worldwide. Learn more about key milestones and EMVCo’s initiatives for 2024 in our Annual Report.

Read the Annual Report for further details.

How to Meet Emerging Payment Trends
In Episode 10 of Talking Payments with EMVCo, Carey Ferro explains the crucial role industry collaboration and engagement play in making secure, reliable and convenient payments possible anywhere in the world. Arman Aygen, EMVCo’s Director of Technology, and Oliver Manahan, EMVCo’s Director of Engagement and Operations, also join to explore priorities for the year ahead.

Listen to the podcast here.

EMVCo and FIDO Alliance Provide Essential Guidance on Use of FIDO with EMV 3DS

EMVCo has published an updated white paper in collaboration with FIDO Alliance. The paper, Use of FIDO® Data in 3-D Secure Messages to Support Issuer Validation of FIDO® Authentication Data, explains how the use of FIDO Authentication Data in EMV 3DS messages can reduce fraud and friction in the payment process for consumers.

The white paper also defines an enhanced data structure, which will give issuers increased insight into the authentication process.

Read the whitepaper for further details.

Technical Updates

New POI Information Identifier for Transit Operators

EMVCo has updated the EMV Contactless Specifications for Payment Systems, Book B Entry Point Specification, Version 2.11 to include a new POI (Point Of Interaction) Information Identifier – ‘Transit Operator ID’. This identifier allows the terminal to indicate the particular transit operator it belongs to. Following the publication of this update, registrations have already commenced.

Software-Based Mobile Payments (SBMP) Security Evaluation Methodology

The SBMP Security Evaluation Methodology document (Version 1.8) has been updated to provide implementation time guidance for new attacks and techniques, as well as tool updates. It now also references the new multi-factor authentication (MFA) component and associated EMVCo MFA Security Requirements document.

Contact the SBMP Security Evaluation Secretariat for further information.

SEWG Security Evaluation Guidance

The SEWG Security Evaluation Guidance document (Version 1.6) has been updated to provide implementation time guidance for new attacks and techniques.

Contact the Security Evaluation Secretariat for further information.

FAQ: EMV 3-D Secure – Technical Questions

This document has been updated to provides additional information about the EMV 3DS Specifications. The information is current as of January 2024.

Read more here.

Events

The Secure Technology Alliance Identity and Payments Summit

EMVCo’s Carey Ferro participated on a panel with FIDO Alliance’s Christina Hulka and W3C’s Ian Jacobs. The discussion delved into the work of the Web Payment Security Interest Group (WPSIG) and explored other EMVCo initiatives, including EVOP, EMV 3DS and Biometric on Card.

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

Podcasts

Educational Videos

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For the most up to date EMVCo news and updates, follow us on social media for the best insights into the organisation and its work.

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