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FIME Comments on U.S. EMV Migration

FIME anticipates upcoming demand for contactless EMV and NFC payments and advises the industry to consider these technologies in their EMV migration plans. FIME also sees value-added resellers (VARs) independent service organizations (ISOs) and independent software vendors (ISVs) playing a large role in guiding retailers through their EMV migrations and NFC implementations.

The U.S. migration to EMV chip payments is well underway with 120 million chip cards expected in the market by year end*. Though the migration has mostly focused on contact EMV payments and acceptance to date, leading payments consultancy FIME anticipates upcoming demand for contactless EMV and NFC payments and advises the industry to consider these technologies in their EMV migration plans.

“The recent announcement of Apple Pay, Apple’s NFC-based mobile wallet, will drive consumer demand for NFC and contactless EMV payment acceptance,” said Xavier Giandominici, director of FIME America. “The question we hear most often is whether the new terminals merchants are installing for EMV will also accept contactless EMV and NFC payments. Most terminals shipped today are flexible and are capable of accepting many forms of payment: magnetic stripe, EMV contact, EMV contactless and NFC payments. However, it is up to each individual merchant to choose if they want to enable acceptance of contactless and NFC payments. These are options they should consider in project plans for EMV migration.”

FIME also sees value-added resellers (VARs) independent service organizations (ISOs) and independent software vendors (ISVs) playing a large role in guiding retailers through their EMV migrations and NFC implementations.

“In order to support the anticipated increased demand for EMV and NFC acceptance, VARs, ISOs and ISVs will require additional training and education to ensure they can best support their merchant customers. Today, FIME is working with industry associations and other channels to help provide this important education,” Giandominici said.

With offices in the Americas, Asia, Europe and the Middle East, FIME has extensive experience consulting issuers and acquirers on global EMV chip and NFC implementations from initial education through to successful implementation. In the North Americas, FIME has achieved accreditation and works closely with payment brands, industry participants and the cross-industry EMV Migration Forum to advance EMV chip migration.

FIME supports EMV migration and NFC projects in the U.S. with its consulting offer that can be adapted to an organization’s requirements, with options including:

  • Customized training events and workshops to equip internal project teams with the expertise and tools for a successful migration and beyond
  • Analysis of the impact of migration on current infrastructure, processes and organization
  • Identification of all business and technical requirements to build a complete roadmap to EMV chip technology
  • Definition of testing and certification requirements
  • Delivery of tools for in-house testing; or testing and integration services performed by FIME
  • On-call personal consultant for advice throughout the entire migration process


*EMVCo 1 EMV Migration Forum 2014

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