![]() regulators, legislators, card issuers and merchants should consider.Vanderhoof is the executive director of the Smart Card Alliance, a not-for-profit, multi-industry association of more than180 member firms working to accelerate the widespread acceptance of smart card technology in North America and Latin America. card issuers will feel from EMV migrations in other global markets andSecurity and authentication options U.S. card technology relative to mobile Pressures U.S. "I think this has been a healthy debate that's taking place in the market place around interchange rates, security and who has the responsibility for protecting the payment industry in this market," he says.In this interview, Vanderhoof discusses:The maturity of U.S. EMV cards are picking up momentum in the U.S., and according to Vanderhoof, discussions and initiations are moving along, especially within the regulatory industry. And if mobile devices begin to expand their usage in the payments market, then merchants will be able to support those contactless payments at their retail establishments. ![]() Regardless of what the ultimate implementation of the next generation of payments will be, merchants will have future-proofed that investment. "I should be looking at investing in a POS system that's going to accept both contact and contactless payments," Vanderhoof says. Merchants looking to prepare for a switch to the EMV standard should begin investing in their infrastructure. ![]() ![]() "We have a roadmap to evolve our contactless magnetic stripe data cards to an EMV contactless format by changing the components within the card and the data elements that interact with the point-of-sale systems," Vanderhoof says in an interview with BankInfoSecurity's Tracy Kitten. HD Online Player (emv Chip Reader Writer Software Down) ![]()
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