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Welcome to the News View for "EMVCo".

Here, on these archive pages, you'll find all of the articles on Payments News for EMVCo listed in date sequence beginning with the most recent article at the top of the page.

Click here for a complete listing of what's available in the Payments News Archive - organized by both posting date and subject category.

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February 11, 2015

Headline News from - February 11, 2015

On the Web:

On the Wires:

Glenbrook's 2015 Payments Education Schedule Now Available!

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

December 08, 2014

Headline News from - December 8, 2014

On the Web:

  • Regulation, the Blockchain and Programmable Money - (George Peabody) - "Programmability of asset transfers has enormous potential to save money and simplify public and private transactions. A hallmark of any regulation should be its ability to accommodate that kind of innovation."
  • Stripe is the breakthrough startup of 2014 - Mashable - "Stripe is a key reason that some of these on-demand startups have been able to get off the ground so quickly — and Stripe has prospered in return. Tens of thousands of businesses now use the Stripe API for payments."
  • Toward a Breach Canary for Data Brokers - Krebs on Security - "Despite their apparent role in facilitating (albeit unknowingly) these ID theft services, to my knowledge the data brokers involved have never been held publicly accountable in any court of law or by Congress."
  • EMVCo Launches ‘A Guide to EMV Chip Technology v2.0’ - EMVco - "First published in 2011, the guide has been updated to reflect EMVCo’s new branding and imagery, detail the evolution of the technical body and communicate the latest transaction figures, first published in November 2014. The document also provides insight into the latest EMV Chip Specifications and introduces EMVCo’s Next Generation activity."
  • Investment in European Payment Firms Hits Record Levels - Wall St. Journal - "Nascent payments and transaction processing companies in Europe raised $417.9 million through 26 deals in the nine months to September, more than seven times what was raised during the same period last year, according to figures from data provider Dow Jones VentureSource."
  • Banks Urge Clients to Take Cash Elsewhere - Wall St. Journal - "J.P. Morgan told some clients of its commercial bank recently that it would begin charging monthly fees on deposit accounts from which clients can withdraw money at any time."
  • Apple Pay will be the mobile wallet of choice and here's why - Financial Services Club Blog (Chris Skinner) - "In other words, Apple Pay could be the Uber for mobile payments."
  • Why Apple Pay will win (Part 2) - Financial Services Club Blog (Chris Skinner) - "The Apple Pay wallet system, with its own bank partner (if it needs one) and now you don’t need a card registered or anything. You don’t need PayPal or Visa or MasterCard. You just need Apple. Just a thought."
  • Wish List: Apple Pay your friends - SixColors (Dan Moren) - "In theory, Apple could even offer the ability to send funds to people via the Internet. Apple Pay already works for some online transactions, and once again Square Cash has proved that you can transfer funds online without too much hassle."
  • Starbucks brews iBeacon strategy to support premium coffee play - Mobile Commerce Daily - "Starbucks said it would bring out iBeacon technology in the coming year to allow customers at its premium-coffee Roastery and Tasting Rooms to access information about freshly brewed coffee via smartphones."
  • Alibaba’s Alipay Now Sees Over Half Of Its Transactions In China From Mobile Devices - TechCrunch - "The company‘s latest report found that 54 percent of the number of transactions on its PayPal-like service during the first ten months of 2014 were from mobile devices."
  • How the Rising Dollar Could Trigger the Next Global Financial Crisis - Wall St. Journal - "When the emerging-market currency is strong and the dollar is weak, that manufacturer’s balance sheet looks sturdier–and the local bank sees that and lends more readily. Thus a weak dollar can lead to a global credit boom."

On the Wires:

  • Dynamics Inc. Raises $70 Million in Series C Funding - "New investors MasterCard and CIBC were joined by existing backers Bain Capital Ventures and Adams Capital Management."
  • MasterCard and Dynamics Inc. Partner to Drive Innovation within Interactive Payment Card Market - “At MasterCard, we are focused on driving innovation across the entire payments industry, and continue to invest in the technologies, solutions and companies that will help our customers and partners expand their business and serve their cardholders in new ways,” said Carlos Menendez, Group Executive, Global Credit and Debit Products at MasterCard. “In working with Dynamics, we have secured a partner with deep technology capabilities and market-leading manufacturing capabilities to help drive innovation in the interactive payment card market while moving in lockstep with MasterCard’s mobile and digital enablement strategy.”
  • Speed for all – Faster Payments publishes vision for a New Access Model - "More challenger banks and other non-traditional players could benefit from direct access to Faster Payments, the UK’s immediate internet, mobile and phone banking payment service, through proposals for a New Access Model published today, (Monday 8 December)."
  • SWIFT enters into real-time retail domestic payments - "On 2nd December, Australia's New Payments Platform (NPP) Steering Committee announced it has selected SWIFT to provide the infrastructure for its New Payments Platform (NPP) project, a new Australian fast payments infrastructure."
  • BitPay Integrates With DriveWealth to Bring Bitcoin to Investors Worldwide - “Providing users with the added security of bitcoin as a payment method makes the whole process easier, and gives users peace of mind,” says Tony Gallippi, Co-Founder and Executive Chairman of BitPay. “With Bitcoin, users will no longer have to wait days or weeks for an account to be funded because this integration will make their deposit process seamless.”
  • Fiserv Names Marc West Division President, Digital Channels - "Before joining Fiserv in 2013, West was the president and CEO at Mamasource, an e-commerce platform focused on moms, where he focused on business growth and strategic partnerships. He has also served as managing director of e-Business at Barclays Global Investors, and has held senior leadership positions at H&R Block and Electronic Arts."

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

July 17, 2014

Headline News from - July 17, 2014

On the Web:

  • We are excited to announce that Twitter is acquiring CardSpring! - CardSpring Blog - "When we started talking with the Twitter commerce team, we quickly realized our philosophies were perfectly aligned, and by joining them, we’d be able to significantly accelerate our vision."
  • Welcoming CardSpring to the Twitter team - Twitter Advertising Blog - "We’re excited to announce we’ve agreed to acquire CardSpring, a payments infrastructure company that helps merchants work with leading publishers to create online-to-offline promotions."
  • Coming Soon to Social Media: Click to Buy Now - New York Times Bits Blog - "A Twitter spokesman declined to comment on the imminence of a buy button, but in its blog post about CardSpring, the company teased, “We’ll have more information on our commerce direction in the future.”
  • What the BRICS Tell Us About Payments - (Elizabeth McQuerry) - "Are such state sponsored payments improvements the way to go? Am I prophesying that the end is near for private sector innovation in payments? Certainly not, or at least I hope not."
  • Snapchat may be planning a mobile payment service - - "The documents reveal that the ephemeral message service is looking to process peer-to-peer payments, money transfers and online payments."
  • Investors Cash Out Of Payment Technology Startups - TechCrunch - "Even as a clutch of new payment technology companies including Zooz Mobile and Plastiq announce new financing rounds today, it seems like investors are no longer paying out for payment companies."
  • Issuers – Why You Need to Plan for EMV Now - FIS Emerging Payment Strategies Blog - "While EMV is not a silver bullet, it is an improvement over magstripe. It may not have prevented some of the recent major breaches, but it would have reduced overall damage since there would have been fewer cards vulnerable to counterfeiting."
  • New York’s New Bitcoin Rules Are Going to Kill Its Startups - Wired - "Is New York about to drive these startups out of town by clubbing them with onerous regulations before they can walk? Quite possibly."

On the Wires:

  • NY DFS Releases Proposed Bitlicense Regulatory Framework for Virtual Currency Firms - "Benjamin M. Lawsky, Superintendent of Financial Services, today announced that the New York State Department of Financial Services (DFS) has issued for public comment a proposed “BitLicense” regulatory framework for New York virtual currency businesses. The proposed regulatory framework – which is the product of a nearly year-long DFS inquiry, including public hearings that the Department held in January 2014 – contains consumer protection, anti-money laundering compliance, and cyber security rules tailored for virtual currency firms."
  • CU Wallet Reports Record Growth, 65 Credit Unions Join Mobile Wallet Movement - "Collaboration among credit unions continues to be one of our industry's greatest strengths,” said Keith Sultemeier, president and CEO of Kinecta Federal Credit Union. “The CU Wallet platform makes collaboration easy and efficient, but still allows credit unions to tailor the member experience."
  • CashStar Launches Digital Gift Card Solution for Google Wallet - “With the rapid growth of omni-channel retail, digital gifting and smartphone adoption, CashStar’s vision is not ‘mobile first’ but rather ‘mobile everything,’” said Ben Kaplan, president and CEO of CashStar.
  • MasterPass Now Live in 10 Countries with Launches in Poland and South Africa - “We’re extremely excited about new capabilities and delivering on the MasterPass vision of a fully integrated digital payments ecosystem that enables convenient, simple, fast and secure payments anytime, anywhere,” said Vib Prasad, Group Head, MasterPass at MasterCard.
  • WEX Inc. Announces Signing of Definitive Purchase and Sale Agreement Related to the Acquisition of ExxonMobil’s Esso Card Program - “The purchase of the Esso Card portfolio remains an important element to building our on-the-ground presence in the European market, and enhances WEX’s long-term growth profile. Our efforts to advance this transaction remain on track and position us to create a substantial and profitable European footprint,” said Melissa Smith, WEX’s president and chief executive officer.

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

March 11, 2014

EMVCo Publishes Technical Framework for its Payment Tokenisation Specification

EMVco logo 140pxThe EMV Payment Tokenisation Specification - Technical Framework v1.0 has been published by EMVCo. The technical document is designed to allow market implementers to develop interoperable tokenisation solutions.

The new specification will help provide the payments community with a consistent, secure and globally interoperable environment to make digital payments when using a mobile handset, tablet, personal computer or other smart device. This will encourage industry efficiencies and security enhancements for digital commerce.

From a technical perspective, the document provides an insight into the role the specification will have in facilitating broad-based acceptance of a payment token as a replacement for a traditional card account number. This includes data message formats to ensure the interoperability of tokens and the consistent approach that should be used to route and authenticate a payment token. The framework also explains how security can be improved by limiting payment tokens for use in a specific environment, and how an existing ecosystem can advance to become globally interoperable.

Dave Meadon, current EMVCo Executive Committee Chair, comments:

It is vital that we have a consistent approach to identify and verify a payment token request, which is supported by industry agreed channel controls to manage where and when the payment token can be used. This level of consistency eliminates data vulnerabilities at key points in the transaction, which ultimately enhances security.”
EMVCo has publically released this document to encourage industry adoption of the specification and aid its evolution. The new specification will maintain compatibility with the current payment infrastructure and will be complementary to the existing EMV Chip Specifications to ensure consistency across all payment environments.

March 07, 2014

Headline News from - March 7, 2014

On Twitter:

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

February 14, 2014

Headline News from - February 14, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from and in an ebook version for your iPad.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

February 06, 2014

Headline News from - February 6, 2014

The second edition of our book "Payments Systems in the U.S." has just been published. It's available in print from and in an ebook version for your iPad.

On the Web:

On the Wires:

Updates from Glenbrook:

Note: Headline News is compiled by Glenbrook Partners. Throughout the day, as we spot interesting developments, this post is updated. Do you have news to share? Tell us here:!

January 16, 2014

EMVCo to Work on Payment Tokenization Standards

EMVco logo 140pxEMVCo - which is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa - has announced that it is expanding its scope to lead the payments industry's work to standardize payment tokenization. EMVCo says that "the new specification will help provide the payments community with a consistent, secure and interoperable environment to make digital payments when using a mobile handset, tablet, personal computer or other smart device."

Tokenization is the process of replacing a traditional card account number with a unique payment token that is restricted in how it can be used with a specific device, merchant, transaction type or channel. When using tokenization, merchants and digital wallet operators do not need to store card account numbers; instead they are able to store payment tokens that can only be used for their designated purpose. The tokenization process happens in the background in a manner that is expected to be invisible to the consumer.

Key elements of EMVCo’s work include adding new data fields to provide richer industry information about the transaction, which will improve transaction efficiency and enhance the consumer and merchant payment experience by helping to prevent fraudulent card account use. EMVCo will also create a consistent approach to identify and verify the valid use of a token during payment processing including authorization, capture, clearing and settlement.

EMVCo’s announcement follows an earlier joint announcement from MasterCard, Visa and American Express that proposed an initial framework for industry collaboration to standardize payment tokenization. EMVCo says it will now build on this framework with collective input from all of its members and the industry as a whole.

September 03, 2013

Discover Takes Equity Stake in EMVCo as 6th Owner-Member

Discover logo 140pxDiscover Financial Services has announced it has acquired a one-sixth share of EMVCo - the EMV standards body - from the respective holdings of its current member-owners American Express, JCB, MasterCard, UnionPay and Visa and plans to "have an equal interest in the standards body, actively contributing to the management, technical work and operations of EMVCo. Discover will work alongside EMVCo’s existing members to manage and evolve the contact and contactless EMV industry specifications to facilitate worldwide interoperability and acceptance of secure chip payment instruments."

Beth Horowitz, Senior Vice President, Discover Network, said:

Discover is committed to achieving a global, ubiquitous payments landscape that is based on universally defined industry specifications and standards. This is particularly important as innovative transaction solutions are introduced such as contactless and mobile chip-based payments. We look forward to adding our expertise to these discussions and contributing to the global specification development efforts of EMVCo.”
Discover is the second new member to join EMVCo in 2013. In May, the standards body announced that UnionPay had become its fifth owner-member.

May 20, 2013

China UnionPay Joins EMVCo

EMVCo has announced that China UnionPay has joined as its latest member. According to the organization, "the addition of this global payment card system demonstrates the industry’s continued commitment globally to adopting and advancing the EMV standard for secure chip credit and debit payments."

Joe Cunningham, Current EMVCo Executive Committee Chair, commented:

EMVCo works to maintain, enhance and evolve EMV Specifications to continue offering secure and interoperable payments across the global payments industry. We are delighted to welcome UnionPay as a member and active contributor to this work. UnionPay’s addition as an equity member of EMVCo further reinforces the growth of the EMV standard globally. Its expertise at a technical, management and implementation level will support our ongoing goal to create a universally consistent and secure infrastructure that supports contact, contactless and mobile chip-based payments into the future.”
UnionPay now has an equal interest in the standards body - along with American Express, JCB, MasterCard and Visa.

May 14, 2012

February 21, 2012

December 19, 2011

EMVCo Delivers Update On Its EMV Contactless Mobile Payments

EMVco logo 140pxEMVCo has announced publication of a white paper providing an update on its work to securely standardise contactless mobile payments (CMP).

Patricia Partelow, EMVCo Executive Committee Chair, comments: “EMVCo recognises the great potential of using a mobile handset to initiate a payment. At the same time, we acknowledge that this creates new challenges for the payments market that must be resolved to implement a secure, efficient and sustainable infrastructure. EMVCo has been working over the last few years to ensure that its specifications and testing processes meet the requirements of this emerging payment environment and the development of this white paper delivers a full update on the activity. The document also aims to enhance the understanding of EMV technology among CMP industry stakeholders.”

The white paper is free to download from EMVCo’s website.

May 23, 2011

EMVCo Publishes ‘A Guide to EMV’ as Adoption Continues to Increase

EMVco logo 140pxEMVCo has published a paper entitled ‘A Guide to EMV’ that provides "an overview of the EMV Specifications, processes and the role of the technology within the context of the wider payments industry. The publication, which can be downloaded from, coincides with the release of EMVCo’s latest deployment figures which state that 40% of total payment cards and 71% of terminals in circulation globally are based on the EMV standard."

October 06, 2010

EMV Card And Terminal Deployments Gaining Critical Mass

EMVco_logo_140px.pngAs of 1 September 2010, over one billion EMV cards and 15.4 million EMV terminals were active globally according to the latest figures from EMVCo, the EMV standards body collectively owned by American Express, JCB, MasterCard and Visa.

The official figures, which represent the latest statistics from American Express, JCB, MasterCard and Visa as reported by their member financial institutions globally, highlight the growing usage of EMV technology worldwide with 36% of total cards and 65% of total terminals in circulation based on the EMV standard.

May 12, 2010

EMVCo 2010 User Meeting - June 29-30 - Singapore

EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, has announced its 2010 User Meeting to be held on 29-30 June, at the Singapore Marriott, Singapore. READ MORE »

March 03, 2010

EMVCo Seeks Broader Industry Participation With New Framework

EMVCo, the industry organization that manages the EMV Integrated Circuit Card Specifications, has announced a new participation framework that it says "will allow all payment industry stakeholders to play a more active role in guiding the organisation’s strategic and technical direction. This new framework creates unique opportunities for interested organizations, including payment card issuers, acquirers, merchants, processors, card and terminal vendors, networks and their representative associations, to provide input into the enhancement of existing and creation of future EMV Specifications for payment technologies." READ MORE »

February 09, 2010

NFC Forum Forges Links with EMVCo, GSMA and Smart Card Alliance

The NFC Forum has announced it has formed liaisons with three industry-leading organizations key to the NFC global ecosystem: EMVCo, the GSM Association and the Smart Card Alliance. According to the forum, "these liaisons broaden and strengthen the NFC Forum's collaborative ties with key associations and standards bodies across the NFC ecosystem. As a first step in the liaisons, the Forum has signed a Memorandum of Understanding (MOU) with each organization that outlines how they will collaborate to further the development of the NFC market and NFC-based solutions." READ MORE »

May 05, 2009

EMVCo to Hold First User Meeting, June 30-July 1, in Munich

EMVCo, the EMV standards body jointly owned by American Express, JCB, MasterCard and Visa, has announced that it will host an inaugural EMV User Meeting on 30 June-1 July 2009, at the Sheraton Arabellapark in Munich, Germany. Users of the EMV Specifications from across the world are invited to attend the meeting, and participate in technical discussions on the development of the EMV standard for future contact, contactless and mobile payments. READ MORE »

February 03, 2009

American Express Joins EMVCo As Fourth Owner-Member

EMVCo, the EMV standards body jointly owned by JCB International, MasterCard Worldwide and Visa Inc., has announced American Express as its fourth owner-member. According to the organization, "the addition of this latest international payment organisation aligns with EMVCo’s intent to attract further industry participation in the development of the EMV Specifications." READ MORE »

September 22, 2008

EMVCo Plans to Broaden Industry Participation

EMVCo, the EMV standards body owned by JCB International, MasterCard Worldwide and Visa Inc., has announced plans to "broaden industry participation in the development work of the organisation and establish a regular, formal dialogue between EMVCo and the global payments industry, through the launch of a new website subscription programme and annual user meeting." READ MORE »

March 26, 2007

MasterCard Assigns Contactless Communication Protocol to EMVCo

MasterCard Worldwide has announced it has assigned the PayPass ISO/IEC 14443 Implementation Specification v1.1 to EMVCo, the EMV standards body jointly owned by JCB, MasterCard Worldwide and Visa International - saying the move "signals significant progress towards a common platform for contactless EMV payment transactions."


February 26, 2007

EMVCo Publishes Card Type Approval Process

EMVCo, the EMV chip card standards body jointly owned by JCB, MasterCard Worldwide and Visa International, has announced its launch of a Card Type Approval process for Common Core Definitions (CCD) and Common Payment Application (CPA) compliant cards.


January 04, 2006

EMVCo: New Common Payment Application Specification

EMVCoEMVCo, a joint venture operated by JCB, MasterCard and Visa, has announced the release of the Common Payment Application (CPA) Specification "to facilitate global chip migration and deployment by decreasing the cost, complexity and maintenance requirements of Issuer's card systems."


December 20, 2004

JCB Acquires One-Third Interest in EMVCo

JCB has announced it has acquired a one-third ownership in EMVCo, LLC, joining MasterCard International and Visa International with each having equal interests in the organization.


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