NEW YORK, NY, October 22, 2012 – Payments technology leader CreditCall announced today that it has joined the EMV Migration Forum, a cross-industry collaborative body formed by U.S. trade group Smart Card Alliance to support the U.S. payment industry’s transition to EMV chip cards in the United States. Currently the U.S. is the last of the G20 nations to move its banking and payments systems to the more secure EMV Chip and PIN and Chip and Signature debit and credit cards. The EMV migration is expected to save businesses and consumers tens of billions of dollars a year in card fraud and more importantly provide consumers a more secure, rewarding and convenient way to shop.
“The response to the EMV Migration Forum’s attempt to initiate a cross industry collaboration on this key challenge has been very positive,” stated Randy Vanderhoof, Executive Director, at Smart Card Alliance and Acting Director of the new EMV Migration Forum organization. “Although the EMV Migration Forum is focused on the U.S. challenge ahead, it will take a truly global effort to succeed. We are delighted that CreditCall has joined the Forum bringing with it more than a decade of experience implementing EMV technology around the world.”
“The U.S. EMV migration effort is a colossal task that will take a tremendous amount of participation by payment brands, issuers, acquirers, merchants, consumers, and others,” said Jeremy Gumbley, Chief Technology Officer, CreditCall Corporation. “EMV Migration Forum is ideally positioned to spearhead this effort and we are delighted to be a part of the program to make EMV in the USA a reality.”
CreditCall Joins EMV Migration Forum, Page two
CreditCall is an industry expert in EMV having helped usher in EMV systems in Asia, Canada, Russia, Europe, and the United Kingdom. More than one million of its EMV Kernel software solutions for Chip and PIN and Chip and signature terminals have been deployed worldwide. Its EMV Kernels are used in both contact and contactless applications, including card readers, POS, ATMs, petrol pumps, kiosks, ticketing terminals, smartphones and tablets. Besides EMV, its technology innovation is at the forefront of advances in unattended payment systems and mobile payments. CreditCall solutions are certified to the highest level of the Payment Card Industry Data Security Standards (PCI DSS) protecting payment transactions at the highest level.
About the EMV Migration Forum
The EMV Migration Forum is a cross-industry body focused on supporting an alignment of the EMV implementation steps required for global and regional payment networks, issuers, processors, merchants, and consumers to ensure a successful move from magnetic stripe technology to more secure EMV contact and contactless technology in the United States. The focus of the Forum is to address topics that require some level of industry cooperation and/or coordination to migrate successfully to EMV technology in the United States. For more information on the EMV Migration Forum, please visit http://www.smartcardalliance.org/pages/activities-emv-migration-forum.
CreditCall has been at the forefront of technology innovation in global payments since 1997. Today, it provides chip based EMV Level 2 Kernel software, card payment solutions for unattended payment systems and the world’s first mobile payment app which, in conjunction with a mobile card reader, enables the acceptance of Chip and PIN card payments on Android and BlackBerry smartphones and tablets www.cardeasemobile.com. CreditCall’s U.S. headquarters in New York City and corporate headquarters in Bristol, United Kingdom, are supported by a rapidly growing sales, marketing, technical and customer support team. For more information visit www.creditcall.com. More details on EMV and the EMV migration in the USA, can be found on www.level2kernel.com.