EMV Chip Payments
Financial institutions and merchants in Europe, Latin America, Asia/Pacific, Canada and the U.S. are issuing and accepting contact or dual-interface EMV chip cards for credit and debit payment or migrating to EMV issuance.
According to EMVCo, over 7.0 billion EMV cards were in circulation at the end of 2017 and 63.7 percent of all card-present transactions undertaken globally used EMV chip technology. As of the end of 2017, over 780 million EMV chip cards have been issued in the U.S., with 59 percent of U.S. merchant locations accepting EMV chip transactions accounting for 41.2 percent of card-present transactions.
The Secure Technology Alliance Payments Council and its affiliated organization, the U.S. Payments Forum, have active programs to provide educational resources on EMV and to address issues that require broad cooperation and coordination across many constituents in the payments space in order to successfully introduce secure EMV contact and contactless technology in the U.S.
The EMV Connection website provides up-to-date information on EMV migration best practices, along with tutorials and educational materials.
U.S. Payments Forum
The U.S. Payments Forum Working Committees have active projects to provide resources for the petroleum industry migration and open contactless EMV payments adoption in transit, and to address any industry implementation challenges.
Additional resources on EMV can be found in the Alliance Knowledge Center.