Previous Blog
4 July 2008 : blog comment from Richard
Posted by Richard Blows at BNZ
With EMV enabling the card issuer to set the acceptance rules then the notion of honour all cards comes under scrutiny. There will be cardholders who see the Visa brand logo and dip their card only to have the transaction fail because of CVM requirements. ie. Unattended POS with no CVM and a card issuer who sets the CVM to insist on PIN for every transaction - will result in transaction decline.
This adds significant wieght to Card Issuers and Acquirers within a country establishing minimum standards.
Cheers :-))
Richard Blows
Manager Emerging Technology
Architecture & Design
Bank of New Zealand
If you would like to provide feedback on this, or any previous blogs, you are welcome to email us at blog@cotignac.co.nz
4 July 2008 : blog comment from Richard
Posted by Richard Blows at BNZ
With EMV enabling the card issuer to set the acceptance rules then the notion of honour all cards comes under scrutiny. There will be cardholders who see the Visa brand logo and dip their card only to have the transaction fail because of CVM requirements. ie. Unattended POS with no CVM and a card issuer who sets the CVM to insist on PIN for every transaction - will result in transaction decline.
This adds significant wieght to Card Issuers and Acquirers within a country establishing minimum standards.
Cheers :-))
Richard Blows
Manager Emerging Technology
Architecture & Design
Bank of New Zealand
If you would like to provide feedback on this, or any previous blogs, you are welcome to email us at blog@cotignac.co.nz
Feedback and Comments
If you would like to provide feedback on this, or any previous blogs, you are welcome to email us at blog@cotignac.co.nz
Blog Menu
17 February 2010
Cambridge University - Not The Full Picture 15 March 2009
Fraud - Prevention is better than cure 15 December 2008
The End of the Line For EMV SDA 12 December 2008
Response to comment from Alvin 11 December 2008
EMV Offline Data Authentication 4 July 2008
blog comment from Richard 27 March 2008
The Fundamental Difference Between EMV Chip and Magnetic Stripe 8 January 2008
Introduction
If you would like to provide feedback on this, or any previous blogs, you are welcome to email us at blog@cotignac.co.nz
Blog Menu
17 February 2010
Cambridge University - Not The Full Picture 15 March 2009
Fraud - Prevention is better than cure 15 December 2008
The End of the Line For EMV SDA 12 December 2008
Response to comment from Alvin 11 December 2008
EMV Offline Data Authentication 4 July 2008
blog comment from Richard 27 March 2008
The Fundamental Difference Between EMV Chip and Magnetic Stripe 8 January 2008
Introduction