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Wednesday, October 24, 2012

2:20 PM - 3:05 PM
Track: Debit: sponsored by PULSE View Track

EMV IMPLEMENTATION CHALLENGES IN THE DEBIT ENVIRONMENT

Douglas King, Retail Payments Risk Forum, FEDERAL RESERVE BANK OF ATLANTA
Terry Dooley, SVP and CIO at SHAZAM, CHAIRMAN OF THE SECURE REMOTE PAYMENT COUNCIL
Drago S. Dzerve, Director, Business Development, VERIFONE, INC.
Derrick Carpenter, VP, Group Product Manager, BANK OF AMERICA MERCHANT SERVICES

With 14 PIN debit networks in the United States, a U.S. EMV implementation presents a host of challenges not experienced in other markets. Most notably, in other markets, chip-embedded payment cards contain a single payment card application for routing over a single network. This panel will explore the potential options for incorporating multiple payment networks in a chip-based environment and their subsequent challenges. What do these challenges mean for the cost and pace of a debit EMV implementation in the US? Is the EMV standard appropriate for debit in the US? Are there Regulation II implications to consider?

 

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