Frost & Sullivan: U.S. Should Aim To Achieve EMV and NFC in Single Migration Project

Frost & Sullivan: U.S. Should Aim To Achieve EMV and NFC in Single Migration Project PR Newswire LONDON, Oct. 4, 2012 - Frost & Sullivan's white paper discusses how to ensure the successful and efficient market deployment of EMV and NFC technologies LONDON, Oct. 4, 2012 /PRNewswire/ -- The global payment industry is facing a revolution, as mobility becomes a standard and consumers are looking for payment solutions available "anywhere" at "anytime". With the worldwide EMV® standard implemented in most countries, the global interoperability of card payments has become less of a concern. The United States (U.S), however, is still in the preparation stage for EMV migration. While the U.S. can learn from different markets that have already deployed the technology, stakeholders can also benefit financially by making a single investment that would result in the delivery of a combined EMV and near field communication (NFC) payment environment. Frost & Sullivan recent white paper entitled "Managing the Migration to EMV and NFC Payment Technology - How to ensure the successful and efficient market deployment of a product", provides United States (U.S.) payment card issuers and acquirers with an insight into the EMV standards landscape. The document, which follows announcements from U.S. payment systems in 2011 regarding their commitment to accelerate EMV adoption, also explains how this infrastructure can support next generation payment solutions such as NFC.