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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