EMV Test Tools Leader ICC Solutions Joins New EMV Migration Forum to Speed EMV Chip Payments in USA
ATLANTA, Oct. 29, 2012 /PRNewswire/ -- Cartes 2012, Stand 3 C 041 – ICC Solutions Limited, the payment industry's source for EMV test tools and certification services, announced today that it has joined the new EMV Migration Forum, a collaborative body formed by the Smart Card Alliance to support the U.S. banking and payment industry's migration to EMV chip cards in the United States. The U.S. is the last of the G20 nations to move its banking and payments systems to the more secure EMV chip based payment system. The EMV migration will save U.S. businesses and consumers tens of billions of dollars a year in card fraud and provide consumers a more secure, rewarding and convenient way to shop.
Compared to the older magnetic stripe standard, EMV is a complex process that will require more time, careful planning and technical resources to meet the roadmap deadlines set by the Card brands American Express, Discover, MasterCard and VISA. The first deadline is April 2013. Card and device testing is a key part of the migration effort so having EMV test tools market leader ICC Solutions in the new U.S. Forum is a benefit.
"ICC Solutions has been involved in similar migration efforts in the United Kingdom and Canada," stated Randy Vanderhoof at Smart Card Alliance and Acting Director of the new EMV Migration Forum. "That experience will add value to the efforts of the EMV Migration Forum to seamlessly migrate the USA to EMV."
"Having worked closely with the Canadian and UK migration EMV programs, we know first hand the technology challenges involved with completing the migration to EMV in the United States in a timely manner," commented Dave Maisey, Chief Executive Officer, ICC Solutions Limited. "The EMV Forum, under the guidance of the Smartcard Alliance, is perfectly positioned to foster the type of cooperation that will be required of all payments industry stakeholders to make this migration succeed."
About EMV Migration Forum
For more information http://www.smartcardalliance.org/pages/activities-emv-migration-forum.
About ICC Solutions Ltd.
ICC Solutions is the payment industry source for EMV contact and contactless test tools and certification services. For more information visit www.iccsolutions.com.
SOURCE ICC Solutions Limited