The U.S. Move to EMV Technology
Bank Info Security interviewed Randy Vanderhoof, executive director of the Smart Card Alliance who contends that building on existing near-field communication, or contactless NFC, technology is a possible step in bridging the gap between magnetic-stripe credit/debit cards, and the Europay, MasterCard, Visa (EMV) standard for U.S. card issuers. Vanderhoof believes there is a roadmap to evolve contactless magnetic stripe data cards to an EMV contactless format by changing the components within the card and the data elements that interact with the point-of-sale systems.
