EMV® Chip Specifications describe the requirements for global interoperability between chip-based payment applications and acceptance terminals to enable secure contact and contactless transactions and other emerging payment technologies. The distinguishing feature of EMV® transactions is that the payment application resides in a secure chip (that is embedded in a plastic card or a personal device such as a smartphone or wearable) or in a secure server which interacts with a consumer device such as a host card emulation (HCE) enabled smartphone.
The EMV® payment device must communicate with a chip reader in the acceptance terminal (either contact or contactless) to enable the transaction. It is this protocol that EMVCo is responsible for defining and testing.
EMVCo assesses the compliance of vendor products developed to EMV® Chip Specifications, and approves products that pass testing prior to deployment in the field.
The chip specifications are designed to improve face-to-face transaction security as part of a layered security approach. The specifications support features for reducing the fraud that results from counterfeit and lost and stolen payment cards. Implementation of EMV® chip infrastructure, therefore, offers real benefits to merchants, acquirers, card issuers and consumers by reducing counterfeit cards and limiting fraud.
The EMV® Chip Specifications are not static. They continue to evolve and provide a secure foundation for mobile payments and other emerging payment technologies, most recently QR Code-based payments.
This paper provides an overview of the specifications and processes related to EMV® chip products and transactions. The document describes the ‘what’ and the ‘why’ of EMV® chip technology within the context of the wider payments industry.
This document provides an overview of EMVCo’s operating principles, including its governance, operations and the role of EMV® Specifications in the wider payments community. The content details the relationship and distinctions between EMVCo and the payment systems.
Because of its focus on payment acceptance, EMVCo is working on ways to define usage of QR Codes for payment purposes. EMVCo’s areas of focus are Consumer-presented QR Codes and Merchant-presented QR Codes.
Level 3 testing includes the series of processes required to ensure that a new or upgraded terminal (hardware and/or software) meets the specific requirements and recommendations of the individual payment systems before being deployed in the field.
In this Frequently Asked Questions document, readers can learn more about how the EMVCo Early Adopter Programme supports adoption of contactless technology to deliver convenient, consistent and trusted payments by providing testing processes for commercial-off-the-shelf (COTS) consumer mobile devices.
This infographic offers insight into the EMVCo Associates Programme, provides an overview of the EMV® technologies and details the latest worldwide EMV® Chip deployment statistics.
In this Frequently Asked Question document, readers can learn more about how EMVCo is enhancing global interoperability for contactless payments.
This document is intended for any stakeholder using the EMV® QR Payment Mark and EMV® QR Scan Icon (collectively the ‘QR Marks’). Best practice use cases are detailed to demonstrate how each of the marks should be used in both consumer-presented and merchant-presented scenarios.
EMVCo is working to evolve the EMV® Integrated Circuit Card Specifications for Payment Systems to support both future eight-digit Issuer Identification Numbers (IIN), as well as the existing six-digit format.