EMVCo adds fourteen new associates from across industries to accelerate payment technology innovation

Organisations including Bank of America, Citi, Expedia Group and Google to contribute to the strategic direction of global payments

 Global technical body EMVCo has welcomed fourteen new organisations to its Associates Programme to increase cross-industry collaboration in the development of EMV® Specifications.

The newest Associates have joined since December 2017.

Joining as Technical Associates, Everi, Netcetera, Tencent and Toshiba Global Commerce Solutions can provide input to, and receive feedback on, detailed technical and operational issues connected to the EMV Specifications, and related testing and security evaluation processes.

Bank of America, European Card Payment Association (ECPA), Financial Software & Systems (FSS) and STET have joined as Business Associates. Participation at this level is available to organisations with a business responsibility for an EMV transaction. Business Associates can provide input to strategic and business topics related to the use of the EMV Specifications.

Combining both technical and business participation are AsiaPay, Bankalararası Kart Merkezi A.S. (BKM), Citi, Expedia Group, Google, and Sony Interactive Entertainment. In addition to the fourteen new Associates, re-joining Associates include Australian Payments Network, Panasonic Mobile Communications and the Saudi Arabian Monetary Authority.

Stephanie Ericksen, EMVCo Executive Committee Chair, comments: “The continuing expansion of EMVCo’s Associates Programme demonstrates an increasing interest from stakeholders actively looking to contribute towards the development, enhancement and evolution of the EMV Specifications. As EMVCo further expands its remit from developing global EMV Chip Specifications – for secure card present transactions – to broad applications of secure payments – that include card-not-present transactions – participation by all members of the global payments ecosystem is encouraged and welcomed. We look forward to collaborating with the new and returning Associates and benefiting from their unique insights.”

The EMVCo Associates Programme allows global payment industry stakeholders including card or terminal manufacturers, processors, banks, payment systems, mobile network operators, transaction processors and merchants to play an active role in the strategic and technical direction of the global technical body.

EMVCo also offers Subscriber access, which enables organisations to receive access to advance information regarding new developments and draft documents, while having the opportunity to provide feedback and input on the work of EMVCo.

Visit the EMVCo website for further detail on the EMVCo Associates Programme and how to join.

 

Most Read on Global Banking & Finance Review



More From Global Banking & Finance Review