Discover Financial Services Announces Next Steps for EMV Deployment across the Globe
12 Novembre 2012 - 2:10PM
Business Wire
Discover (NYSE: DFS) today announced the next milestone in its
global EMV deployment: a comprehensive strategy and roadmap that
includes Discover Network, Diners Club International, PULSE and
Discover Card.
Discover’s Fraud Liability Shift Policy
In alignment with U.S. EMV migration timelines, Discover is
introducing Fraud Liability Shift for Discover Network (in the
U.S., Canada and Mexico) and PULSE (in the U.S.), effective October
1, 2015 at point-of-sale terminals and Oct. 1, 2017 at automated
fuel dispensers. This Fraud Liability Shift policy will be a
risk-based payments hierarchy that benefits the entity that
leverages the highest level of available payments security. As
Fraud Liability Shift is already in place for Diners Club
International (effective December 31, 2012 for mandated
Participants), Discover will have one standard liability shift
policy in place across all networks by October 1, 2015.
Starting October 2013, Discover will also grant annual PCI audit
waivers for merchants that process 75% of Discover Network
transactions via terminals supporting both contact and contactless
payments.
Discover cardmembers also will benefit from the enhanced
security EMV provides, as Discover looks to gradually start
replacing its current cards with chip cards in the coming years,
with initial outreach to frequent travelers.
PULSE EMV Deployment
PULSE, a Discover Financial Services company and one of the
nation’s leading debit/ATM networks, will capitalize on Discover’s
already significant EMV-deployment experience by using the
D-Payment Application Specification (D-PAS) to enable EMV
transactions at the point of sale. In addition to introducing Fraud
Liability Shift, PULSE will require U.S. direct-connect merchants
and point of sale acquirer processors to support EMV data effective
Oct. 16, 2013.
Although PULSE’s implementation of D-PAS supports all cardholder
verification methods, its U.S. implementation of EMV is expected to
feature broad support for online PIN-authenticated transactions as
the most secure cardholder verification method.
PULSE also is collaborating with other debit networks and
industry work groups to facilitate interoperability among card
brands and to enable merchants to route debit transactions
consistent with the requirements of the Federal Reserve’s
Regulation II.
“Our timeline to support chip-based credit and debit
transactions, in addition to our Fraud Liability Shift policy, are
critical milestones to helping make EMV a reality in the U.S.,”
said Diane Offereins, President of Payment Services at Discover.
“As with the Discover mandate announced earlier this year, our
approach to EMV enables participants to select verification methods
and transaction types that meet their organization’s needs.”
About Discover
Discover Financial Services (NYSE: DFS) is a direct banking and
payment services company with one of the most recognized brands in
U.S. financial services. Since its inception in 1986, the company
has become one of the largest card issuers in the United States.
The company operates the Discover card, America's cash rewards
pioneer, and offers personal and student loans, online savings
accounts, certificates of deposit and money market accounts through
its Discover Bank subsidiary. Its payment businesses consist of
Discover Network, with millions of merchant and cash access
locations; PULSE, one of the nation's leading ATM/debit networks;
and Diners Club International, a global payments network with
acceptance in more than 185 countries and territories. For more
information, visit www.discoverfinancial.com.
About PULSE
PULSE, a Discover Financial Services (NYSE: DFS) company, is a
leading debit/ATM network, serving more than 6,300 financial
institutions across the United States. This includes 4,300 issuers
with which PULSE has direct relationships and more than 2,000
additional issuers through agreements PULSE has with other debit
networks. PULSE links cardholders with ATMs and POS terminals at
retail locations nationwide. Through its global ATM network, PULSE
provides worldwide cash access for Diners Club and Discover
cardholders through more than 850,000 ATM locations. The company
also is a source of electronic payments research and is committed
to providing its participants with education on emerging products,
services and trends in the payments industry. For more information,
visit www.pulsenetwork.com or follow PULSE on Twitter
@PULSENetwork.
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