Global Technical Body EMVCo Announces New European Liaison

Global technical body EMVCo has announced the appointment of Tim Stuart to the role of European Liaison.

Tim reportedly brings “with him over 20 years of experience in the payments industry, holding various senior positions at Mastercard.”

His roles have “included delivering EMV Chip and EMV Contactless solutions, as well as addressing emerging industry trends such as IoT payments and digital identity.”

As European Liaison, Tim will “serve as EMVCo’s key point of contact in Europe in its engagement with stakeholders and institutions, in support of its work to develop globally adopted specifications that promote innovation and address marketplace needs.”

Key responsibilities will “include representing EMVCo with key stakeholders across the European payments industry such as the European Payments Stakeholders Group (EPSG) and European Payments Council (EPC), as well as with principal European institutions including the European Central Bank (ECB) and the European Commission (EC).”

Tim will also “support initiatives to educate on the role of EMVCo and the benefits of the EMV Specifications.”

Leigh Garner, EMVCo Executive Committee Chair, said:

“I would like to welcome Tim to EMVCo. The European Liaison role reflects EMVCo’s ongoing commitment to engagement and collaboration, and we look forward to working together with governmental institutions and industry stakeholders across Europe in support of our mission to promote secure and seamless payments for consumers, merchants and businesses.”

As reported in December 2022, EMVCo, the FIDO Alliance and the World Wide Web Consortium (W3C) have “released an updated version of their document – ‘How EMVCo, FIDO and W3C Technologies Relate’.”

The paper explores “how the organisations are working together to promote consumer privacy while ensuring convenient and seamless e-commerce checkout experiences.”

This document is “the latest output from the Web Payment Security Interest Group, a collaborative industry-led initiative focused on enhancing the interoperability of web payments.”

This educational resource “reflects the latest updates to EMVCo’s EMV® 3-D Secure (EMV 3DS), EMV Payment Tokenisation and EMV Secure Remote Commerce (EMV SRC) technologies, FIDO’s Client-to-Authenticator Protocol (CTAP), and W3C’s Web Authentication, Secure Payment Confirmation (SPC) and Payment Request API initiatives.”

As with the previous iteration, the document describes “how these technologies may be used together to enable a more secure card-based payment during an e-commerce guest checkout on the Web.”

It also addresses “how these technical specifications can support merchant efforts to protect user privacy, fight fraud and meet regulatory requirements, while helping to reduce costs and streamline the online payment process.”

Following the document’s publication, the Web Payment Security Interest Group is actively seeking feedback “from interested organisations to improve and enhance the document.”

Arman Aygen, Director of Technology at EMVCo, said:

“Changing browser privacy requirements have an impact on how consumer data is used throughout the transaction process. EMVCo’s work with the FIDO Alliance and W3C is ensuring that our respective technologies can continue to provide a seamless and secure online payment process, while promoting consumer privacy.”

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