The Payments Security Task Force is joining hands with the PCI Security Standards Council and the EMV Migration Forum to launch an EMV program to streamline the testing and certification process for Value Added Resellers (VARs) and Independent Software Vendors (ISVs).
Through the effort led by the major U.S. networks, VARs and ISVs will better understand how to integrate chip cards into small and mid-sized merchants’ checkout solutions in advance of the October 2015 liability shift.
Under the program there is pre-qualification process run by the accredited service providers to help VARs and ISVs begin the implementation and testing process before they work with acquirers to achieve final certification.
The optional program consists also offers an educational curriculum providing a clear explanation of how to implement chip in the U.S. electronic payments marketplace. Also, a list of service providers independently accredited by the major payment networks to provide chip consulting and expertise is offered.
Major U.S. acquirers participated in the development of the program and will recognize the pre-qualification status. Many plan to provide fast track certification for VARs and ISVs that have demonstrated the execution of solid chip solutions.
The coordinated effort will begin with the launch of educational resources for the VAR and ISV communities to establish an understanding of chip technology. Some of the subjects addressed through targeted webinars and self-service web portals include:
• The basics of chip card technology
• How to build a business case for chip
• An overview of a chip card transaction
• How to navigate the testing and certification process.
With that foundation, each VAR and ISV should have the ability to pre-qualify its solution for each of the major U.S. payment networks. The VAR would then work with its acquirer to receive a final certification of the solutions a merchant would need to process a chip card transaction.
The result will be a streamlined, go-to-market process for the thousands of solutions that will provide ongoing value over the next two to three years, as the U.S. migrates to chip.
The Payments Security Task Force was formed in early 2014 and participants include American Express, Bank of America, Capital One, Chase, Citi, Credit Union National Association, Discover, First Data, Global Payments Inc., Kroger, National Association of Federal Credit Unions, Marriott, MasterCard, Navy Federal Credit Union, Sheetz, Shell, Subway, US Bank, Vantiv, Verifone, Visa Inc., Walgreens, and Wells Fargo & Company.
Founded in 2006 by the major payment card brands American Express, Discover, JCB International, MasterCard and Visa Inc., the PCI Security Standards Counci has 700 Participating Organizations representing merchants, banks, processors and vendors worldwide.
The EMV Migration Forum is a cross-industry body focused on supporting the EMV chip implementation steps required for payment networks, issuers, processors, merchants, and consumers to help ensure a successful introduction of more secure chip technology in the U.S.
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