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 138 - Open banking, Recurring Payments, and a Global Debit Network - Duncan Barrigan, GoCardless
Episode 137 - Ecosystem Enablement for Financial Inclusion of the Poor - Kosta Peric and Paula Hunter on Mojaloop
Episode 136 - Global Payments and the Fintech Innovations Changing the Industry - Carol Coye Benson, Glenbrook
Episode 135 - Innovation in Payments - Russ Jones, Glenbrook
Episode 134 - Ecommerce Fraud in the Time of COVID - Eyal Raab, Riskified
Episode 133 - Payments are (still) on Fire - Steve Sarracino, Founder, Activant Capital
Episode 132 - Glenbrook's Erin McCune Talks B2B with Cit's Tony McLaughlin
Episode 131 - Bridging the Payment Information Gap with Phixius - Peter Tapling
Episode 130 - Privacy Regulation and the High Stakes of Compromise - Scott Giordano, Spirion
Episode 129 - How COVID Changes the Shape of Fraud - Rafael Lourenco, ClearSale
Episode 128 - How a NextGen Payments Company Builds on the Cloud - Eric Rosenthal, Rapyd
Episode 127 - The Hot Topics in Digital Payments - Russ Jones, Glenbrook Partners
Episode 126 - New Tech, New Models: ACH at the POS - Craig McDonald, Trustly
Episode 125 - COVID-19 Relief: Collaboration, Regulation, and Tech Do Good - Roberto Marinho, CEO, César Souto, Conta Zap, Brazil
Episode 124 - Ground Truth: COVID-19’s Payments Impact - Glynn Frechette, PSCU
Episode 123 - A Trip into the Nigerian Payments Ecosystem - Charles Ifedi, eBanqo
Episode 122 - Maximizing Authorization Rates and More - Jeanne DeWitt, Stripe
Episode 121 - Acquiring the E-commerce Cross-Border Merchant - Moshe Selfin, Credorax
Episode 120 - Deep Dive into Real-time Payments in Developing Markets - Elizabeth McQuerry, Glenbrook Partners
Episode 119 - The API to Streamline and Secure Account Access - Don Cardinal, GM, Financial Data Exchange
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Gorse Culture PODcast : The H.R. Detective Agency!
HCI Leadership Revolution
The Ramsey Show
Planet Money