US Payments Forum Resource Offers Guidance for EMV Contactless Adoption at ATMs
May 23 2024 - 9:30AM
The U.S. Payments Forum today unveils a new resource to educate
stakeholders on best practices for contactless transaction
acceptance at ATMs. The white paper, aimed primarily at ATM
providers, acquirers, processors and vendors, provides an overview
of EMV contactless transaction flows, current infrastructure and
hardware and software integration considerations.
“Contactless Adoption at the ATM,” is available for
download on the U.S. Payments Forum website. Although there are
many forms of contactless technology on the market, the resource
focuses on EMV transactions completed with Near Field Communication
(NFC)-enabled digital wallets and contactless EMV chip cards.
“For many consumers contactless has become table stakes in the
post-pandemic era. Implementing EMV contactless technology at ATMs
is not just about modernization; it's a critical stride toward
enhancing security and convenience in our payment ecosystem,” said
Devon Rohrer, managing director of the U.S. Payments Forum. “By
embracing its implementation, we strive to increase transaction
efficiency, fortify the ATM ecosystem against long-standing threats
like card skimming and enable payment stakeholders to take
advantage of advanced ATM features.”
Interested parties will gain insights on:
- Differentiations between EMV contact and EMV contactless
transactions at the ATM
- Device tap technology versus card tap technology
- Considerations for implementation, hardware/software
differences, vendor collaboration, regulatory compliance
- Potential EMV contactless implementation challenges at the
ATM
- EMVCo contactless certifications
The white paper was created by the Forum’s ATM Working
Committee. Organizations, associations, government agencies and
individuals interested in participating in upcoming Forum projects
can visit the Secure Technology Alliance’s website to learn how to
become a member. By joining the Secure Technology Alliance, members
will have access to activities within the U.S. Payments Forum and
additional Alliance-affiliated organizations.
About the U.S. Payments ForumThe U.S. Payments
Forum is a cross-industry body that brings stakeholders together on
neutral ground to enable efficient, timely and effective
implementation of emerging and existing payment technologies. This
is achieved through education, guidance and alternative paths to
adoption. The Forum is the only non-profit organization whose
membership includes the whole payments ecosystem, ensuring that all
stakeholders have the opportunity to coordinate, cooperate on and
have a voice in the future of the U.S. payments industry. The
organization operates within the Secure Technology Alliance, an
association that encompasses all aspects of secure digital
technologies. About the Secure Technology
AllianceThe Secure Technology Alliance is the digital
security industry’s premier association. Through its U.S.
Payments Forum, Identity and Access Forum and its collaborative
working groups, the Alliance fosters open dialogue among industry
stakeholders to explore and develop secure technology innovations
in the payments, identity and access markets. By collaborating on
education and guidance, the Alliance helps enable efficient, timely
and effective implementation of large-scale, disruptive
technologies. For more information, please
visit https://www.securetechalliance.org.
ContactSherlyn Rijos-AltmanMontner Tech
PR203-226-9290srijos@montner.com