Article | January 10, 2018

EMV Technology Continues To Evolve

Source: EVO Payments
EMV

The EMV transition has gone pretty smoothly across the U.S. after a few initial hurdles, but that doesn't mean this emerging payment technology isn't due for a few upgrades here and there.

The EMV transition has gone pretty smoothly across the U.S. after a few initial hurdles, but that doesn't mean this emerging payment technology isn't due for a few upgrades here and there. To that end, more is being done to ensure these transactions can be completed as quickly and securely as possible, to better serve all involved in the payments ecosystem. That helps everyone from consumers and merchants to payment processors themselves.

With this in mind, it's vital for any merchants that haven't yet made the switch to the latest payment processing technology to consider the benefits EMV adoption would provide for them, both in the short- and long term. Working with a reseller to find the best solution can go a long way toward improving day-to-day business operations.

One such change to EMV that's likely to roll out in the near future comes via the Secure Remote Payments Council, according to a report from Bank Info Security. While the features aren't ready to be introduced yet, they include the ability to put more than one payment account on a single EMV chip and give card issuers the ability to develop more functionality in EMV transactions and processing going forward.

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