Summary and Resources

In August 2011, Visa announced plans to accelerate the United States’ migration to EMV payment technology and mobile payments. This announcement significantly changed the payments landscape in the United States from a future of magnetic stripe payments to one of EMV contact and contactless and mobile payments. Moving to EMV will significantly reduce fraud, has potential to make CNP transactions secure, and will make U.S. payments interoperable with most of the rest of the world. Because of lower costs of terminals and cards, as well as Visa’s TIP program, migrating to EMV will be easier and less costly than it was even a few years ago.

Stakeholders interested in learning more about EMV and EMV migration are encouraged to review the EMVCo website at http://www.emvco.com, and review the Smart Card Alliance’s U.S. EMV Roadmap white paper, located at http://www.smartcardalliance.org/pages/publications-card-payments-roadmap-in-the-us.
 

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