New Dual-Interface EMV Debit Card Debuts

The first debit-compliant EMV dual-interface card has reached the U.S. market — and it came from a German company.

Last week, Giesecke & Devrient (G&D), headquartered in Munich, introduced its next-generation Dual-Interface EMV product, the first one available in the U.S. that provides all of the features necessary for full compliance with the Durbin Amendment.

G&D's GlobalPlatform and EMV-compliant chip card platform Convego Join, which supports both contact and contactless payment interfaces, includes a range of U.S. debit EMV-certified products. A company press release touts that card issuers have reported a 50 to 70 percent increase in personalization speed compared with other products..

"The Durbin Amendment posed some challenges to the implementation of EMV debit. G&D was able to meet the required functionality to support acquirer choice at the outset," said Scott Marquardt, president of G&D America, in the release. "We are proud to be the first company to offer both contact and dual-interface debit card products that fully comply with all the requirements of Durbin. Our market expertise gained through the delivery of nearly 2 billion EMV cards has enabled us to implement features to optimize flexibility, speed and security."

Having begun in other markets, G&D began providing EMV products in the U.S. in 2011. The press release adds that the G&D Convego Join portfolio contains the latest applications for all major payment brands, including Visa, MasterCard, American Express and Discover.

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The How We Shop Report, a PYMNTS collaboration with PayPal, aims to understand how consumers of all ages and incomes are shifting to shopping and paying online in the midst of the COVID-19 pandemic. Our research builds on a series of studies conducted since March, surveying more than 16,000 consumers on how their shopping habits and payments preferences are changing as the crisis continues. This report focuses on our latest survey of 2,163 respondents and examines how their increased appetite for online commerce and digital touchless methods, such as QR codes, contactless cards and digital wallets, is poised to shape the post-pandemic economy.

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