EMV Specifications

Business Profile

Core Value Proposition

EMVCo provides and manages EMV® Specifications and programmes that enable seamless and secure card-based payments for businesses and consumers worldwide.

Target Customer

Industry stakeholders involved in card payments, including banks, merchants, issuers, acquirers, payment networks, financial institutions, technology providers and testing laboratories.

Key Differentiator

Global standards body that develops and manages EMV Specifications and programmes with broad industry collaboration, supporting interoperable and secure payments worldwide.

Implementation Timeline

Not specified in the provided content.

Pain Points

1Need for seamless and secure card-based payments across in-store, online, and mobile channels.
2Fraud risk in digital payments (e.g., card-not-present scenarios) and the need for stronger authentication.
3Lack of standardized interoperability across different payment products and providers.

Key Features

1EMV 3-D Secure for consumer authentication and fraud reduction in e-commerce.
2EMV Contact Chip for secure in-store payments.
3EMV Contactless Chip for contactless payments via cards and NFC-enabled devices.
4EMV Level 3 Testing framework and related tool qualification processes.
5EMV Payment Tokenisation for replacing sensitive card data with tokens.
6EMV QR Codes for standardized QR code payments.
7EMV Secure Remote Commerce to simplify and secure online checkout.

Target Customer Industries

Decision Makers

1Chief Technology Officer (CTO)
2VP of Payments
3Head of Payments
4Director of Product
5Payments Technology Manager

Client Results

1Trusted and reliable card-based payments globally.
2Improved security and fraud mitigation for online and mobile payments.
3Interoperability and consistency across payment methods and channels.

Competitive Advantages

1Global, collaboratively developed EMV specifications and programmes.
2Independent testing, laboratories, and qualification processes underpin product compliance.
3Wide adoption by industry stakeholders (banks, merchants, technology providers) enhancing interoperability.
4Comprehensive suite covering in-store, online, mobile, and QR-based payments.

Key Benefits

1Seamless cross-channel payments (in-store, online, mobile).

2Enhanced security through tokenisation, strong authentication, and standardized protocols.

3Accredited testing and recognition processes ensuring product compliance.

4Accelerated time-to-market for compliant payment products.

Additional Product Information

Product Description

Technical requirements and programmes for designing card-based payment products that work securely and seamlessly worldwide, including related testing, lab recognition, and implementation of technologies like 3-D Secure, tokenisation, and QR code payments.

Target Market

Financial institutions, merchants, payment networks, technology providers, and testing laboratories involved in card-based payments.

Unique Value Proposition

A globally coordinated standards framework for EMV specifications and programmes, governed by EMVCo with broad industry participation to ensure secure, interoperable payments across all channels.

Technical Requirements

EMV Specifications are technical requirements; framework includes 3-D Secure, Level 3 Testing, Mobile, Payment Tokenisation, QR Codes, and Secure Remote Commerce, as part of the EMV ecosystem.

Pricing Model

Not specified

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