Less than a week after striking a similar agreement with MasterCard, Fiserv on March 17 announced an agreement to make Visa’s common debit EMV solution available for the Accel debit network.
Under the agreement, Fiserv will adopt Visa’s common debit solution, offering issuers, acquirers and merchants a streamlined approach for debit EMV adoption.
The agreement will help enable the development of regulation-compliant debit EMV solutions using a common application identifier. The AID will facilitate U.S. debit transactions from any debit network that licenses the Visa common AID solution and is enabled on a Visa card, Fiserv said.
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