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EMV cards and standards emerging

April 12, 2012

Retailers might soon see the standards and card presence they have been waiting for before implementing EMV-enabled technology.

Retailers might soon see the standards and card presence they have been waiting for before implementing EMV-enabled technology. While the contactless cards have become widespread around the world, the U.S. has been slow to adopt so far. However, as the payment industry is pushing for a transition to EMV and near field communication (NFC) technology, standards for better security and convenience are surfacing.

The Smart Card Alliance Smart Card Industry Professional/Payments (CSCIP/P) credential is now offering training for industry professionals who are interested in learning about the technology. They can earn the first certification available through the program.

“The CSCIP/P training materials and exam fill a noticeable gap in education and information around the EMV migration and NFC and mobile payments adoption that have already begun in the United States,” said Randy Vanderhoof, executive director of the Smart Card Alliance.

At the same time, more smart cards are being issued. Payments technology company FIS recently launched its travel EMV cards, which offer a mobile credit card processing method that is superior in both convenience and security. Following the recent Global Payments security breach, consumers are becoming more concerned with protecting their confidential information. EMV cards store account data in a microprocessor chip instead of a mag-stripe to better protect it from security breaches.

Retailers can prepare for the emerging technology by updating terminals with the latest online credit card payment processing services that can accept EMV transactions. 

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