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ATMIA invited to Fed meeting on chip standards

October 7, 2013

The ATM Industry Association has been asked to participate in an invitation-only conference on "Integrated Chip Payment Standards: The Next Generation," an announcement from the group said. The meeting will be jointly hosted by the Accredited Standards Committee X9, a financial industry standards group, and the Federal Reserve Banks of Minneapolis and Philadelphia. 

According to a news release from ATMIA, the conference, which takes place Dec. 9–10 in Philadelphia, will bring together senior decision-makers representing various stakeholder groups affected by the U.S. migration to integrated chip, or EMV, cards.

The meeting agenda addresses a number of chip-related goals and objectives:

1. Engage the industry in a structured discussion about the benefits and costs of open, consensus standards to complement the EMV/ integrated chip card implementation underway in the United States. 

2. Identify specific standards development actions to address gaps in existing standards affecting integrated chip technology implementation, such as:

• card-not-present security;
• the interrelationship between card and mobile payments; and
• debit routing operations.

3. Discuss how open, consensus standards can improve international interoperability of EMV/IC implementation.

4. Seek consensus on a process to determine future technology and standards needed to strengthen IC standards for cards and mobile payments.

5. Determine next steps based on consensus of meeting attendees.

According to ATMIA U.S. Executive Director David Tente, speculation has arisen in recent months about possible interest within the X9 committee in the development of a non-proprietary chip card specification. This meeting would appear to be the first step in that direction, and ATMIA fully supports such an effort, the release said.

Read more about EMV. 

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ATM Industry Association (ATMIA)

The ATM Industry Association, founded in 1997, is a global non-profit trade association with over 10,500 members in 65 countries. The membership base covers the full range of this worldwide industry comprising over 2.2 million installed ATMs.

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