Chip testers FIME and Barnes International have developed a card personalization tool designed to help banks and card manufacturers get MasterCard-branded EMV-chip products to market sooner.
The tool could help U.S.-based payments companies shift to EMV chip cards by October 2015, the date of the fraud liability shift in the migration timeline.
"Card personalization validation is an important part of the EMV chip card issuance process," Vincent Poty, head of strategy and corporate development at FIME, stated in a press release.
"In the U.S., this is even more complex as the EMV chip must support more than one payment system so that the merchant can choose how to process the transaction based on their network preferences," Poty added.
The testing tool confirms that a contact, contactless or dual interface EMV chip card has achieved MasterCard's specifications and requirements, Poty said.
San Francisco-based FIME is an accredited MasterCard service provider.