STRATEGIC PARTNERS
The EMV Minimum Requirements Matrix provides a baseline for stakeholders to work from as they prepare for the US card fraud liability shift.
April 3, 2015
In advance of the October 2015 EMV chip fraud liability shifts, payment network members of the EMV Migration Forum have come together to produce a document outlining minimum requirements for chip deployment.
The EMV Minimum Requirements Matrix is intended for issuers, merchants, acquirers, processors and vendors who are planning deployments of EMV chip programs in the U.S., a press release from the forum said.
The document provides a tool for stakeholders to use as a baseline from which they can work with their partners to determine their best strategy to meet requirements as the fraud liability shift approaches.
"Many issuers and merchants have asked for information regarding minimum EMV requirements as a starting point for their chip deployments and as guidance for meeting the Oct.1, 2015 fraud liability shift date," said EMV Migration Forum Director Randy Vanderhoof in the release. "This resource is another example of our EMV Migration Forum members coming together to provide sought-after chip implementation resources to the payments industry."
The matrix focuses on the minimum card and terminal requirements for payment networks that include American Express, Armed Forces Financial Network, China UnionPay, Discover, Jeanie, MasterCard, NYCE, PULSE, STAR and Visa in the context of the U.S. market and fraud liability shift. These networks have documented their respective minimum card and terminal configurations for EMV compliance.
While the document addresses minimum requirements, decisions regarding deployment of chip technology will differ by stakeholder and involve a balancing of considerations, such as business needs and preferences, deployment timing, complexity and associated initial and future costs, the release said.
The EMV Minimum Requirements Matrix is available for download as an Excel document.
