EMV, So What’s Next?

  • 1 day event 
  • For merchants, acquirers, processors and issuers

This one day course is to educate the attendees on the new forms of secure payments. 

Even though EMV is a standard accepted by all, in the US, several participants have choices to make.  Acquirers and merchants have a couple of those (along with issuers) and this will impact ISOs.  Timeframes to implement EMV have been tight (as an example it took Australia 11 years to implement EMV!) and this has also affected how EMV has been implemented at the POS. Learn what factors are variable and a few examples. 

As all secure payments are based on the EMV technology, we describe the EMV based payments from compliance, standards and certification processes to successful EMV migration steps.  It is one of our most popular courses and is and especially useful starting point to understanding EMV and how it fits into the payments ecosystem and also how it is the basis of the future and new payment channels. This is then followed by a description of the mobile payments, including the use case for Secure Element (SE). Related to the mobile payment is the new method of using software security Host Card Emulation (HCE) that is also described. 

For a secure transaction, multiple layers of security is required. One of the most important is the tokenization and point-to-point encryption of the message. These are described in relation to payment transactions and their security. 

The course covers EMV standards, EMV testing, compliance, certification, and related topics that are of relevance to stakeholders getting ready for the liability shift date. 

Course Outline:

  • Standard Payment Systems Model 
  • International Payment Schemes/Associations 
  • Existing Magnetic Stripe Technologies 
  • EMV Technology & Standards Overview 
  • EMV Impacts on Payment Systems Components 
  • Added value by implementing Chip Technology 
  • Lessons learned from other migrations (Stakeholders, Budgets, potential delays …etc.)
  •  EMV migration steps:  Best practices for moving forward – including testing and certification
  •  Mobile Payments
  •  Use of Secure Elements
  •  Mobile Wallets
  •  Apple Pay
  •  Samsung Pay
  •  Host Card Emulation
  •  Tokenization – definitions by different stakeholders
  •  Differences between EMV and PCI requirements for tokenization