Archive for the ‘Chip and PIN’ Category

Increasing usage of EMV technology worldwide with 1.2 billion EMV cards in circulation & 18.7 million terminals based on the standard

May 25, 2011 at 12:47 pm

EMVCo, the EMV® standards body has released the latest EMV deployment figures which state that 40 percent of total payment cards and 71 percent of terminals worldwide are based on the EMV standard. The official EMV figures, which represent the latest statistics from American Express, JCB, MasterCard and Visa as reported by their member financial […]

Is the Chip and PIN Card Verification System Really Broken?

March 14, 2011 at 5:33 pm

In an address to the CanSecWest security conference this week, Inverse Path, a security research company claimed that “Chip and PIN is definitely broken”. This followed-up on concerns previously raised by Cambridge University that the international EMV standards that govern credit and debit chip card payments are flawed, which we commented on in this blog […]

EMV 4.2c Updates

November 4, 2010 at 10:57 am

From November 1st 2010, the new EMVCo 4.2c test cases have come into effect. These contain new and updated tests for all the EMV specification changes that have been introduced by EMVCo bulletins over the past year, covering the following topics: EMVCo Specification Bulletin 75 This bulletin clarifies how the terminal should populate the Application […]

EMV becoming global payment standard

October 18, 2010 at 9:47 am

EMVCo have released an interesting press release that details the number of EMV cards and terminals, and the extent of EMV migration, in each geographic region of the world. According to their figures there are now more than 1 billion EMV cards in circulation worldwide and almost two-thirds of all terminals outside the United States […]

EMV Migration – Wal-Mart calls for US to Adopt Chip & PIN Technology

June 30, 2010 at 10:37 am

As an employee of an EMV Company I was interested to read that Wal-Mart’s demanding Chip and PIN! Wal-Mart, the giant US retailer, is calling for the introduction of EMV technology in the United States, to allow credit card payments to be performed using a processing chip on the card instead of using the card’s […]