PRINCETON JUNCTION, N.J., April 28, 2014 (GLOBE NEWSWIRE) -- The U.S. payments industry is accelerating its move to EMV chip card payments to reduce counterfeit card fraud, provide global interoperability and enable safer and smarter transactions across card and mobile NFC payments channels. To help card issuing banks and merchants achieve these benefits and ready their organizations for the October 2015 fraud liability shift, the EMV Migration Forum is offering a third 'EMV 101' webinar.
"Education is a critical component for teams throughout every step of their EMV chip payment implementation. This webinar is a good starting point because it provides the necessary foundation to get on the path to a successful implementation," said Randy Vanderhoof, director of the EMV Migration Forum. "After hosting an inaugural 'EMV 101' in January, we received a lot of demand for additional webinars. Therefore, we plan to host recurring sessions throughout the year."
The next "EMV 101," featuring Guy Berg, senior managing consultant of MasterCard Advisors, will be held on May 7, 2014 at 1 p.m. ET (10 a.m. PT). Register for the webinar at https://www4.gotomeeting.com/register/932479415.
The webinar will provide a comprehensive overview of EMV chip technology, with topics including:
- EMV payment processes and how they differ from magnetic stripe transactions
- EMV chip security and risk management features
- Options for card authentication, cardholder verification and transaction authorization
- EMV specifications and references
- EMV implementation status - globally and in the U.S.
An extensive library of EMV resources can be found at www.emv-connection.com, which includes additional tutorials and educational information specifically for issuers, merchants, acquirers/processors and consumers.
The next members-only meeting of the EMV Migration Forum will be held May 20-21, 2014 at the Hyatt Regency Mission Bay, San Diego. For more details, visit http://www.emv-connection.com/emv-migration-forum/next-meeting/.
About U.S. EMV 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 and smarter transactions across contact and contactless channels. EMV implementation was initiated in the U.S. market in 2011 and 2012 when American Express, Discover, MasterCard and Visa announced their roadmaps for supporting an EMV-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 set for 2015.
About the EMV Migration Forum
The EMV Migration Forum is a cross-industry body focused on supporting the EMV implementation steps required for global and regional payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure EMV 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 EMV 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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Source:EMV Migration Forum