In an effort to help move EMV implementation forward in the U.S., MasterCard says it is forming a cross-industry group “designed to foster collaboration and alignment between networks, issuers, merchants, acquirers, processors, terminal manufacturers, card manufacturers and other groups.”
A release from MasterCard confirms the participation of one payments company: TSYS, as confirmed by Marie Jordan, the company’s Director of Enterprise Business Compliance.
The group will provide industry guidance on non-proprietary technical issues; help set a standard consumer experience; establish a set of common terms and definitions; and establish best practices for implementation.
Read the official release from MasterCard here.
