Is contactless payment EMV-compliant?
Contactless payment is being delivered around the world by the payment card brands and their issuing and merchant customers by leveraging the existing payment card infrastructure as its basis for implementation. In the U.S., the existing magnetic stripe processing infrastructure is being leveraged to deploy contactless payment per the specific program specifications of the payment brands. Likewise, countries where the payment schemes are predominately chip-based and have implemented EMV leverage the contactless EMV specifications as published by MasterCard, Visa and the other payment brands. Regardless of whether magnetic stripe or EMV is the core payment card infrastructure being leveraged, contactless payment program specifications developed by the payment brands are designed to be globally interoperable at the point-of-sale. Contactless EMV programs have been launched in the United Kingdom, Turkey, Taiwan, Malaysia, Mexico, Lebanon, Korea and South Africa.
Contactless payment is being delivered around the world by the payment card brands and their issuing and merchant customers by leveraging the existing payment card infrastructure as its basis for implementation. In the U.S., the existing magnetic stripe processing infrastructure is being leveraged to deploy contactless payment per the specific program specifications of the payment brands. Likewise, countries where the payment schemes are predominately chip-based and have implemented EMV leverage the contactless EMV specifications as published by MasterCard, Visa and the other payment brands. Regardless of whether magnetic stripe or EMV is the core payment card infrastructure being leveraged, contactless payment program specifications developed by the payment brands are designed to be globally interoperable at the point-of-sale. Contactless EMV programs have been launched in the United Kingdom, Turkey, Taiwan, Malaysia, Mexico, Lebanon, Korea and South Africa. Some contactless EMV imple
