News

Visa, First Data partner on EMV common AID

February 27, 2014

Visa Inc. and the First Data Star Network have announced an agreement to share Visa's common debit solution. Collaboration on the license agreement will help in the development of regulation-compliant debit EMV solutions using a common application identifier, a news release from First Data said.

Star Network will use PIN and no CVM functionality on the common AID to facilitate PIN, PINless and signature cardholder verification methods for debit transactions on its network.

The AID will allow U.S. debit transactions from any debit network that licenses the Visa solution and is enabled on a Visa card.

"This agreement is a significant step to accelerate EMV adoption by addressing Regulation II compliance for debit EMV transactions," said Barry McCarthy, president of First Data Financial Services. "First Data's STAR Network is pleased to ... assist issuers, acquirers, and merchants with equal access to a shared EMV chip card technology."

The common debit solution will support both issuer choice and flexibility, First Data said in the release, allowing network changes without reissuing cards and merchant and acquiring routing choices without costly host systems reprogramming.