Overview of EMVCo

EMVCo exists to facilitate worldwide interoperability and acceptance of secure payment transactions

What does EMVCo do?

EMVCo manages and evolves EMV Specifications and supporting testing programmes that help enable card-based payment products to work together seamlessly and securely worldwide.

As an organisation striving to facilitate a payments infrastructure that is standardised in terms of security and interoperability, EMVCo plays an important role in bringing together stakeholder interests among payments industry participants.

EMVCo, however, does not establish obligations, requirements, or otherwise for the implementation of its specifications. EMVCo does not mandate or enforce EMV compliance or the implementation policies for issuers, merchants, and acquirers, which are handled by payment networks independently outside of EMVCo.

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Learn more about the Role of EMV Specifications

Who is EMVCo?

Supported by banks, merchants, processors, vendors, and other industry stakeholders, EMVCo is a global technical body that facilitates worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes.

EMVCo was formed in 1999 to enable the development and management of specifications to address the challenge of creating global interoperability amongst different countries and to deliver the adoption of secure technology to combat card fraud, while enabling innovation in the payments industry.

EMVCo is collectively owned by American Express, Discover, JCB, Mastercard, UnionPay and Visa.

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How does EMVCo operate?

EMVCo’s work is overseen by EMVCo’s six member organisations—American Express, Discover, JCB, Mastercard, UnionPay, and Visa—and supported by EMVCo Associates, stakeholders from across the payments industry that help define EMVCo’s strategy and develop the EMV Specifications.

EMVCo is managed by the Board of Managers, which is comprised of two representatives from each of the member payment systems.  The EMVCo Executive Committee, also managed by member organisation representatives, provides guidance on EMVCo’s long-term strategy.

Various Working Groups complete EMVCo’s work, and decisions are made on a consensus basis to ensure stakeholder satisfaction.

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What is “EMV”?

EMV is a trademark dating back to 1999, and it refers to all of the specifications administered by EMVCo.

EMV Specifications have evolved beyond the original EMV Chip Specification to cover a wide range of technologies that support card-based payments, including Contact, Contactless, Mobile, Payment Tokenisation, QR Code, Secure Remote Commerce, and 3-D Secure.

Organisations around the world use EMV Specifications to develop and deploy card-based payment products that will work together seamlessly and securely, regardless of where their customers make or receive a payment. This is critical to the delivery of reliable and convenient payments that businesses and consumers expect.

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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.

How does the industry participate in EMVCo’s work?

The ability of EMVCo to successfully support rapidly advancing payment trends relies heavily on the organisation working in close partnership with the payments industry.

Many payment community stakeholders are active participants within EMVCo’s initiatives and have a significant influence on the work efforts of the organisation. EMVCo welcomes engagement with interested parties from across the payments ecosystem and has created many opportunities for the payment community to become actively involved in developing, enhancing and evolving future specifications. Current participants in EMVCo’s work include merchants, issuers, acquirers, payment networks, financial institutions, manufacturers, technology providers and testing laboratories from numerous countries.

EMVCo also engages with various regional and global organisations to both receive input and share perspective on areas of respective interest. These include APSCA, European Payments Council, ECSG, FIDO Alliance, GlobalPlatform, GSMA, IATA, ISO, NFC Forum, PCI Security Standards Council, Nexo Standards, Secure Technology Alliance, US Payments Forum, and W3C.

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