EMVCo is a global technical body that helps enable seamless and secure card-based payments, which benefit consumers, businesses and financial institutions around the world.
Millions of card-based payments are made and accepted daily across the world. You can expect a payment card or device (e.g. smartphone or wearable) to work wherever you are in the world, whether it is used for in-store payment or shopping remotely. The process is familiar, convenient, and reliable for the consumers and businesses making payments, and the merchants accepting them.
EMVCo focuses on making this possible by developing EMV Specifications, defining testing processes and issuing certifications and marks to provide a secure foundation for card-based payment products to work together seamlessly worldwide.
The contribution of payment industry stakeholders is vital to the advancement of EMV® Specifications. Merchants, issuers, acquirers, payment networks, financial institutions, manufacturers, technology providers and testing laboratories collaborate with EMVCo to develop EMV Specifications that support the delivery of reliable and convenient payments globally.
This quick resource provides a high-level overview of how EMVCo engages and collaborates with the global payments industry to advance seamless and secure payments.
EMV Chip technology has been adopted worldwide to improve face-to-face transaction security, reduce counterfeit cards, and limit fraud. EMVCo publishes global transaction volume data twice a year which showcases the number of contact and contactless card-present payments using EMV chip technology during a 12-month period, broken down by region.
There are three elements to EMVCo’s organisation structure: industry engagement to seek input from key stakeholders, technical groups driven by subject matter experts, and the strategic and operation structure to support technical outputs that meet marketplace requirements.