EMVCo Newsletter: Q1 2024

Message from the Chair of the EMVCo Board of Managers Amid changing consumer behaviour and technological innovation, EMVCo is focused on helping enable seamless, reliable and secure payments across new and emerging use cases. This requires close collaboration with our Associates, Subscribers and industry partners, as well as the wider payments community. At last month’s Board of Advisors meeting in Melbourne, Australia, our Advisors helped drive discussions on key strategic priorities. This included EMVCo’s work on Electric Vehicle Open Payments (EVOP), ongoing developments to the EMV® Secure Remote Commerce (SRC), EMV 3-D Secure (3DS) and EMV Payment Tokenisation Specifications, and the status of the TapToMobile initiative. Commonwealth Bank of Australia and the Australian Payments Network (AusPayNet) also shared their insights and perspectives on the Australian payments industry, providing potential learnings for global stakeholders. We look forward to building on this engagement at the upcoming Technical Meeting in Phoenix, USA, in April, followed by the annual EMV User Meeting in Copenhagen, Denmark, in June. We are also holding two Special Interest Meetings (SIM), one on EVOP and the other on the Biometric on Card work, alongside the EMV User Meeting. These two sessions will enable EMVCo Associates and EMVCo Subscribers from relevant industry verticals to explore key requirements and considerations in detail, and we strongly encourage all interested stakeholders to participate. For further information on EMVCo’s work, please find below a recap of key news, technical updates and activities from the first quarter, as well as a snapshot of the latest educational resources available to support understanding of EMVCo’s work. We encourage you to share this newsletter with your colleagues and industry peers. Carey Ferro Chair of EMVCo Board of Managers Upcoming Meetings Associates and Subscribers (*) can register for the following sessions via the EMVCo website. Technical Meeting, 16-18 April, Phoenix, USA EMV® User Meeting, 18-19 June, Copenhagen, Denmark Biometrics Special Interest Meeting, 19 June, Copenhagen, Denmark Electric Vehicle Open Payments (EVOP) Special Interest Meeting, 20 June, Copenhagen, Denmark Board of Advisors Meeting, 14-15 October, Lisbon, Portugal Technical Meeting, 16-17 October, Lisbon, Portugal All meeting dates for 2024 are listed on the Associate Dashboard. Not yet an EMVCo Associate? Find out more about how to participate. *EMVCo subscribers are only permitted to attend EMV User Meetings News EMVCo Annual Report 2023 In 2023, the EMVCo community continued to advance EMV technology as the foundation for seamless and secure payments worldwide. Learn more about key milestones and EMVCo’s initiatives for 2024 in our Annual Report. Read the Annual Report for further details. How to Meet Emerging Payment Trends In Episode 10 of Talking Payments with EMVCo, Carey Ferro explains the crucial role industry collaboration and engagement play in making secure, reliable and convenient payments possible anywhere in the world. Arman Aygen, EMVCo's Director of Technology, and Oliver Manahan, EMVCo's Director of Engagement and Operations, also join to explore priorities for the year ahead. Listen to the podcast here. EMVCo and FIDO Alliance Provide Essential Guidance on Use of FIDO with EMV 3DS EMVCo has published an updated white paper in collaboration with FIDO Alliance. The paper, Use of FIDO® Data in 3-D Secure Messages to Support Issuer Validation of FIDO® Authentication Data, explains how the use of FIDO Authentication Data in EMV 3DS messages can reduce fraud and friction in the payment process for consumers. The white paper also defines an enhanced data structure, which will give issuers increased insight into the authentication process. Read the whitepaper for further details. Technical Updates New POI Inform