What if every time you went to pay for something at a store, the clerk behind the counter had a different terminal for each card network - one for Visa, another for American Express, and a few others for local domestic networks? That was what much of the world was like decades ago - and it still is a bit like that in some countries today. But in 1999, collaboration entered the picture when Europay, Visa, and Mastercard came together to create a common specification for Chip and PIN so that any chip-enabled card could be read from any chip reader anywhere in the world if both complied with a common EMV specification. That significantly impacted Chip and PIN adoption - for merchants and consumers.
Today, EMVCo supports seven EMV technologies. As a consumer, when you insert your card into a reader, “tap to pay,” or pay using Secure Remote Commerce, or as a merchant, accept payment through a mobile device or a QR code, support a tokenized card credential, or 3D Secure technology, you are benefiting from the work of EMVCo.
In this episode, we talk with Oliver Manahan to understand how EMVCo fulfills its mission, catch up on its 2023 initiatives, and try to peek over the horizon to see what might be in store next for EMVCo.
Episode 198 - The Rapid Rise and Bright Future of Pix with Carlos Brandt, Head of Management and Operations for Pix at the Central Bank of Brazil - Pix Series #3
Episode 197 - The Core Processor's Perspective with Carlos Netto and Sarah Hoisington, Matera - Pix Series #2
Episode 196 – Fanning the Flames: PaymentsPost #2
Episode 195 - Fast Payments Reach a Transformative Stage - Pix Series #1
Episode 194: Fanning the Flames: Fast Payments, Digital Currencies and Fraud - Recent Conference Updates
Episode 193 - Fanning the Flames: Help! Am I becoming a Fintech?
Episode 192 - The Rising Value of Rich Account Data with George Throckmorton, Nacha
Episode 191: Fanning the Flames: A Year in Travel - Jordan
Episode 190: Fanning the Flames: A Year in Travel - French Polynesia
Episode 189: Fanning the Flames: A Year in Travel - Singapore
Episode 188: Fanning the Flames: A Year in Travel - Turkey & Ethiopia
Episode 187 - Fanning the Flames: A Year in Travel - Brazil
Episode 186 - Data Security and Privacy with Michael Borgia, Davis Wright Tremaine
Episode 185 - Fanning the Flames: Glenbrook Education Program
Episode 184 - Talking ACH with Michael Herd, Nacha
Episode 183 - Fanning the Flames: Money20/20 Recap
Episode 182 - Steering the Fintech through Regulatory Waters - Cameron Peake, Restive Ventures
Episode 181 - Michael Steinbach, Worldline
Episode 180 - Fanning the Flames: Money20/20 Preview
Episode 179 - Understanding US Payment Regulation with Jennifer Aguilar, Alston & Bird LLP
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