Geneva. – December 31, 2016 - TRUXTUN Captal a global leader in development and commercialisation of innovative and disruptive payment technologies, today announced it joined EMVCo, the global technical body overseeing EMV chip card standards, as both an EMVCo Technical Associate.
As an EMVCo Associate, TRUXTUN Capital are able to work alongside all nine of EMVCo’s technical groups to receive updates and offer input related to EMV technologies and processes Otherwise, TRUXTUN Capital will help the organization progress the evolution of EMV Specifications, testing processes and best practices that support global interoperability for secure payments.
Payment industry engagement in the evolution of the EMVCo Specifications for payment technologies, including tokenisation and 3D Secure 2.0, has continued to increase, with eight new members joining EMVCo’s Associate Programme in the past months.
A key area of interest for TRUXTUN Capital is the rapid growth and expansion of new payment methods and how these are being supported by EMVCo.
TRUXTUN Capital is committed to achieving a global, ubiquitous payments landscape that is based on universally defined industry specifications and standards. This is particularly important as innovative transaction and security solutions are introduced such as the next generation of the 3D Secure protocol.
TRUXTUN Capital look forward to contributing to the new 3D Secure 2.0 specification development efforts of EMVCo.
Currently, there are 63 organisations which contribute to EMVCo as Technical Associates.
The EMVCo Associates Programme allows payment industry stakeholders worldwide to play an active role in providing input to the strategic and technical direction of EMVCo, the global technical body which is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa. Through this programme, interested organisations, including payment card issuers, acquirers, merchants, merchant aggregators, processors, card and terminal vendors, mobile network operators, networks and their representative associations, are given the opportunity to provide input into the evolution of current and new EMV Specifications for payment technologies.
EMVCo is the global technical body that facilitates the worldwide interoperability and acceptance of secure payment transactions by managing and evolving the EMV Specifications and related testing processes. Adoption of EMV Specifications and associated approval and certification processes promotes a unified international payments framework, which supports an advancing range of payment methods, technologies and acceptance environments. The specifications are designed to be flexible and can be adapted regionally to meet national payment requirements and accommodate local regulations.
EMVCo is collectively owned by American Express, Discover, JCB, MasterCard, UnionPay and Visa, and focuses on the technical advancement of the EMV Specifications. To provide all payment stakeholders with a platform to engage in its strategic and technical direction, EMVCo operates an Associates Programme and encourages all interested parties to get involved.
Visit www.emvco.com for further information.