News

EMV entrenches global card markets

January 9, 2006

ePaynews.com: EMV is rapidly gaining a presence in the global payment-card infrastructure. By mid-2005, 329 million EMV-compliant payment cards had been issued globally, 65 million of which were issued during the first half of the year - a 38 percent increase from the same period in 2004. At the end of June 2005, 3.9 million EMV-compliant POS terminals and ATMs also had been installed, up 25 percent from the end of 2004, according to EMVCo.

MasterCard expects two-thirds of its cards and terminals in Europe to be EMV-ready by the end of 2007.