NCR Corporation announced a major “first in the world” advance in security and
prevention. An NCR ATM application solution for chip (or smart) cards in
Denmark has passed all the applicable EMV Level 2 tests and is set to become
EMV Level 2 approved by Visa and EMVCo.
This is a major achievement and allows full end-to-end security and
encryption features which will reduce fraud. Migration to chip card
technology is seen as an essential step in countering plastic card fraud and,
in particular, as a means of preventing the rising threat of counterfeit card
NCR received EMV Level 1 approval in February 1999 and now becomes the
first ATM manufacturer to support end-to-end chip (or smart) card
transactions. Today’s announcement heralds a significant development in
expediting the global rollout of chip cards.
The EMV Group was established in 1993 and consists of representatives from
Europay, MasterCard and Visa. Together they devised industry specifications
for chip cards, terminals and applications to ensure consistent, secure
interoperability. EMVCo ensures that single terminal and card approval
processes are developed at a level that will allow cross payment system
interoperability through compliance with the EMV specifications. The NCR
solution complies with the EMV 3.1.1 Credit and Debit Chip Card specifications
developed by EMVCo.
With EMV approved hardware (Level 1) and EMV approved software (Level 2),
the ATM deployer can now provide the support required for end-to-end chip
transactions. With the appropriate upgrades to the ATM switch and host
software, the transaction acquirer can demonstrate compliance to the
international card scheme mandates and qualify for any incentives made
available under the chip migration program.
Christophe Primault, vice president, global marketing and communications
at NCR’s Financial Solutions Division, welcomed today’s announcement.
“This is the culmination of a great deal of work to solve a difficult
technical problem. With around 300 different software applications in use in
Europe alone, the development of the ‘NCR FBD EMV Application Kernel’ will
make the task of individual ATM deployers easier in obtaining approval for
their applications,” he said.
About NCR Corporation
NCR Corporation (NYSE NCR) is a leader in providing Relationship
Technology(TM) solutions to customers worldwide in the retail, financial,
communications, manufacturing, travel and transportation, and insurance
markets. NCR’s Relationship Technology solutions include privacy-enabled
Teradata(R) warehouses and customer relationship management (CRM)
applications, store automation and automated teller machines (ATMs). The
company’s business solutions are built on the foundation of its long-
established industry knowledge and consulting expertise, value-adding
software, global customer support services, a complete line of consumable and
media products, and leading edge hardware technology. NCR employs 32,900 in
more than 100 countries, and is a component stock of the Standard & Poor’s 500
Index. More information about NCR and its solutions may be found at http//www.ncr.com .