EMVCo

United States · Financial Services

EMVCo is a global technical body founded in 1999 by Europay, Mastercard, and Visa to standardize and secure card-based payment systems. It focuses on managing and evolving EMV® Specifications, which are essential for secure in-person, e-commerce, and contactless transactions. The organization collaborates with a Board of Advisors that includes issuers, acquirers, and industry stakeholders. EMVCo develops technical specifications for chip-based payment cards, contactless transactions, mobile payments, and tokenization. It also provides testing frameworks and certification processes to ensure compliance with EMV standards. The organization facilitates partnerships across sectors to address new payment technologies, such as QR codes and secure remote commerce. EMVCo's specifications are widely adopted, with 14 billion EMV Chip cards in circulation and 70% of all payment cards issued globally being EMV-enabled.