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What Ever Happened to EMV Cards?Published by: IDC Published: Jan. 31, 2007 - 6 Pages Table of ContentsTable of Contents News Update Table: EMV Compliance Deadline by Region Figure: Number of MasterCard Smart Cards in Asia/Pacific, 2001-?2005 Our View The Bottom Line EMV Compliance Challenges and Benefits Figure: Cost of Smart Cards, 2000?-2005 The Security Factor What Happened to the Business Benefits? Essential Guidance Learn More Related Research AbstractThis Financial Insights NewsFlash discusses the implementation status of Europay/MasterCard/Visa (EMV) chip cards in Asia. Chip cards, or smart cards, are plastic cards that hold an integrated circuit for increased functionality and security. In 1993, the then three major global payment organizations ? Visa, MasterCard, and Europay ?introduced the EMV standards, a common set of standards for smart card?based payment applications. The alliance also issued compliance deadlines, as shown in Table 1, stating that once the deadline for a region had passed, all liability in card transaction would shift from the issuer to the acquirer or retailer if they were a non-EMV-compliant party. Get Full Details About This Report >> |
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