The white paper, “Implementing EMV in the U.S.: Best Practices in Support of EMV Instant Issuance,” can be downloaded at http://www.emv-connection.com/implementing-emv-in-the-u-s-best-practices-in-support-of-emv-instant-issuance/.
“Being able to offer instant issuance as a service provides significant benefits, both for the issuer through revenue generation and the cardholder in terms of convenience. However, the advanced security chip cards provide makes the personalization and issuance of cards more complicated than the relatively simple processes required to issue magnetic stripe-only cards,” said Randy Vanderhoof, director of the EMV Migration Forum. “After reading this white paper, financial institutions will better understand all of the considerations and necessary implementation steps for transitioning to a chip-enabled instant issuance program.”
This white paper reviews the key risks during implementation of an EMV-enabled instant issuance program, as well as the suggested methods to reduce those risks, and outlines each phase of execution, including:
The white paper, “Implementing EMV in the U.S.: Best Practices in Support of EMV Instant Issuance,” was developed by the EMV Migration Forum’s Instant Issuance Project Team and led by Philip Andreae, Oberthur Technologies, and Jennifer Cristallo, Entrust Datacard.
About U.S. EMV Chip Migration
Commonly used globally in place of magnetic stripe, EMV chip technology helps to reduce card fraud in a face-to-face card-present environment; provides global interoperability; and enables safer transactions across contact and contactless channels. Chip implementation was initiated in the U.S. market in 2011 and 2012 when American Express, Discover, MasterCard and Visa announced their roadmaps for supporting a chip-based payments infrastructure. Acquirer processor readiness mandates to support EMV were established for 2013, with liability shifts for managing fraud risk in a face-to-face environment established in October 2015.
About the EMV Migration Forum
The EMV Migration Forum is a cross-industry body focused on supporting the EMV chip implementation steps required for payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure chip technology in the United States. The focus of the Forum is to address topics that require some level of industry cooperation and/or coordination to migrate successfully to chip technology in the United States. For more information on the EMV Migration Forum, please visit http://www.emv-connection.com/emv-migration-forum/
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