MasterCard Says U.S. EMV Adoption is Key to Next-Gen Payments

02/09/2012 - 09:31
MasterCard announced that it has developed a roadmap for EMV adoption in the United States. The dual-interface chip technology is already a standard payment type in all other major markets, and the company aims to catch up the U.S. with the rest of the world.

The roadmap, which MasterCard says it will share with customers individually as they go through the EMV adoption process, lays out the elements needed for a successful transition to the global EMV payment standard. Those elements address infrastructure, channels, merchant incentives, security and stakeholder collaboration, according to the company.
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