News

New white paper addresses EMV implementation

April 17, 2012

Compass Plus, a provider of retail banking software and electronic payments systems to financial institutions, today announced the released a white paper, Making EMV Work Across New Markets

The paper discusses the prevalence and advantages of EMV, as well as best practices for making a switch to the technology. Implementation guidelines offered in the white paper include:

• Consider the whole customer journey, not just the plastic
• Use innovative tools to leverage existing infrastructure and ensure ROI
• Understand that EMV isn't a quick fix; it's a long-term commitment

Said Anthony Genovese, vice president of consulting services at Compass Plus, "Although EMV will provide significant long-term benefits for U.S. financial institutions and cardholders, the migration phase could suffer setbacks if not handled correctly.

"EMV should be integrated into the overall payment infrastructure and considered as a platform for numerous fraud fighting tactics as well as for value-added services; it should not be treated as a standalone solution in order to reap the full range of benefits it has to offer. Compass Plus has been implementing EMV across the globe since 2002 and we would like to share our experience and best practices with the U.S. market."

The white paper, "Making EMV Work Across New Markets," is available for free download at the Compass Plus website.

For more on this topic, visit our EMV research center.