EMVCo picks up collaborators for EMV spec work
EMVCo has added 14 organizations to its associates program since late last year, providing a boost for EMV specification development.
The EMVCo associates program allows global payment industry stakeholders, including card or terminal manufacturers, processors, banks, payment systems, mobile network operators, transaction processors and merchants to participate in the strategic and technical direction of the global technical body.
“The continuing expansion of EMVCo’s associates program demonstrates an increasing interest from stakeholders actively looking to contribute towards the development, enhancement and evolution of the EMV specifications," Stephanie Ericksen, EMVCo executive committee chair, said in a Wednesday press release.
Participation by all members of the global payments ecosystem is encouraged through EMVCo's work to secure card-present transactions and incorporate broader applications, including card-not-present, Ericksen added.
Everi, Netcetera, Tencent and Toshiba Global Commerce Solutions have joined as technology associates to contribute to detailed technical and operational issues connected to the EMV specifications, and related testing and security evaluation processes.
Bank of America, European Card Payment Association, Financial Software & Systems and STET have joined as business associates, a level for organizations with a business responsibility for an EMV transaction. Business associates provide input to strategic and business topics related to the use of the EMV specifications.
Combining both technical and business participation are AsiaPay, Bankalararası Kart Merkezi A.S., Citi, Expedia Group, Google, and Sony Interactive Entertainment.
In addition to the 14 new associates, re-joining associates include Australian Payments Network, Panasonic Mobile Communications and the Saudi Arabian Monetary Authority.