EMVCo Newsletter: Q3 2024

Message from the Chair of the EMVCo Board of Managers As we reflect on the year so far, the importance of industry engagement and collaboration in shaping the development of EMV® Specifications is readily apparent. A Special Interest Meeting (SIM) in June provided an invaluable opportunity to deep-dive into EMVCo’s Electric Vehicle Open Payment (EVOP) initiative, exploring how EMV payment technology can support a simple and consistent card-based payment experience across multiple EV manufacturers and charging stations.  As activity progresses, we are committed to actively encouraging and seeking input from EV industry stakeholders to help ensure an EMV EVOP Specification addresses relevant use cases and requirements. Direct industry feedback is also shaping EMVCo’s work to promote consistent, convenient and secure payment experiences online and in-store. Interactive resources will help optimise the deployment of both EMV 3-D Secure  and  Click to Pay solutions, while the launch of a new testing process will promote a more seamless experience when consumer and enterprise devices are used to accept contactless payments – known as TapToMobile. Amid EMVCo’s work to support emerging payments use-cases, it is important to take pause and recognise the enduring success of EMV Chip technology. At the end of 2023, over 13.7 billion EMV Chip cards were in global circulation. EMVCo reported data also reveals that over 70% of issued cards globally are EMV-enabled and nearly 95% of card-present transactions conducted globally used EMV Chip technology. Next month’s Board of Advisor and Technical Meetings – which will both be held in Lisbon – provide another opportunity for the payments industry to come together to explore how EMV Specifications can continue to support seamless and secure payments across the globe. We look forward to seeing you there. In the meantime, below is a summary of key EMVCo news, technical updates, educational resources and events from the last quarter. We encourage you to share with your colleagues and industry peers to support understanding of EMVCo’s work. Soumya Chakrabarty Chair of the EMVCo Board of Managers, 2024 - 2025 Upcoming Meetings Associates and Subscribers (*) can register for the following sessions via the EMVCo website. Board of Advisors Meeting, 14-15 October, Lisbon, Portugal Technical Meeting, 16-17 October, Lisbon, Portugal EMV® 3DS Targeted Technology Engagement, 17-18 October, Lisbon, Portugal Board of Advisors Meeting, 4-6 March 2025, Athens, Greece Technical Meeting, 7-10 April 2025, Bangkok, Thailand EMV® User Meeting, 10-11 June 2025, Osaka, Japan All 2024 meeting dates 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 Exploring EMVCo’s EVOP Initiative EMVCo is investigating how the wide adoption of the ISO 15118 Standard – which specifies a digital communication protocol between the EV and the charging station – could enable a simple, secure and seamless card-based open payment experience for drivers across charging networks. Learn more here. EMVCo Launches New Testing Process to Support the Use of TapToMobile Devices for Contactless Payment Acceptance The introduction of minimum acceptance criteria and reduced range approval testing addresses the need to enhance the TapToMobile payment experience, enabling EMVCo and industry participants to start measuring the performance of TapToMobile devices and provide feedback on improving read range over time. Learn more here. EMVCo Publishes EMV Secure Remote Commerce – Click to Pay Customer Experience (CX) Guidelines The EMV Secure Remote Commerce – Click to Pay CX Guidelines are a dynamic, interactive tool for merchants, payment service providers, product owners, developers and CX designers who want to make online checkout eas