June 2017
Dear U.S. Payments Forum member,

“Some Like It Hot” was a 1959 romance musical movie starring Marilyn Monroe, Tony Curtis, and Jack Lemmon. While the movie, about two men who dress up as women to hide from the mob, has nothing to do with payments, I couldn’t resist mentioning the catchy title to poke some fun at traveling to the Phoenix desert in the summer.

While the weather outside may be scorching hot, the conversations inside the U.S. Payments Forum meeting this week should be cool and comfortable. We have a lot of reasons to feel good about the current state of the payments market. We are now approaching six years since the first announcements were made that EMV was coming and five years (in August) since the EMV Migration Forum organization was started by the Smart Card Alliance (now the Secure Technology Alliance). The effectiveness of Forum organization in engaging all of the payments networks, including the debit networks, along with the leading merchants, issuers, processors, acquirers and technology suppliers and consultants, kept the vast and complicated infrastructure moving forward so that today we are well past the tipping point on EMV usage. We effectively marked that transition point last summer by officially expanding the mission of the Forum to look at payments technologies beyond EMV and re-branded the organization the U.S. Payments Forum. We’re positioned now to start addressing other challenges.

Since our expanded charter went into effect, we have added the Mobile and Contactless Payments Working Committee and the Transit Contactless Open Payments Working Committee, and expanded the scope of work of the Card Not Present Fraud Working Committee. At this June meeting, we’ve added more education-focused content on faster EMV solutions, troubleshooting data quality issues to reduce unwanted chargebacks, contactless acceptance challenges, and tokenization implementation challenges. We also will have a report on the Federal Reserve 2016 Payments Study and will be hearing interesting news about the Mobile “Pays” with guest presentations from Samsung Pay and First Annapolis and another unnamed VIP presenter.  In addition to these speakers and content, I want to underscore the value of our quarterly meetings to help you stay personally and professionally connected to your payments peers and make new connections to better serve your organization, as well as maximize the value of your membership. We have brought in extra water to keep you refreshed and alert, and are working with the hotel to make sure that you are comfortable during your stay.

Just remember, it’s a “dry heat.”

Thank you for your support of the U.S. Payments Forum.

Randy Vanderhoof
Director, U.S. Payments Forum
New EMV Resources

New educational resources published for Forum members and the payments industry are available from the U.S. Payments Forum on the U.S. Payments ForumEMV Connection and GoChipCard.com web sites.

Working Committee Projects

Communications and Education Working Committee
  • The Communications and Education Working Committee recently completed a Testing & Certification Terminology document that defines terms used in acquirer EMV testing and certification forms. The objective of the document was aimed at simplifying terms for merchants and hardware and software vendors to help them with their implementation of EMV solutions
  • The Communications and Education Working Committee also completed the “EMV Receipts Best Practices” white paper. The document provides clarity around recommendations and requirements for data elements commonly found on receipts for chip-on-chip transactions
Mobile and Contactless Payments Working Committee
  • One of the Working Committee sub groups—the Standards/Testing & Certification project team—recently completed a Forum-wide survey to identify gaps in members’ understanding of definitions around mobile and contactless. The project team received over 100 responses to the survey that provided insight into various topics that prompted three additional projects
Petro Working Committee
  • The Petro Working Committee scheduled a half-day meeting on fleet card requirements and specifications as part of the Forum’s June member meeting in Phoenix. This is another iteration in a series of workshops to continue discussions on prompting and purchase restriction EMV tags for fleet cards. The meeting will take place on June 20, the day before the in-person meetings
Transit Contactless Open Payments Working Committee
  • The Transit Contactless Open Payments Working Committee is finalizing the Transit 101 presentation to present in Phoenix. The presentation will focus on educating stakeholders on transit open payments and the distinct features of the transit point of entry retail environment
For more information on Working Committee projects that are in process, please contact Mike Strock, mstrock@uspaymentsforum.org
U.S. Payments Forum in the News
  • Perceptions of Card-Not-Present Fraud Need Clarification, U.S. Payments Forum Says,” Digital Transactions, May 1, 2017. Director Vanderhoof clarifies the state of card-not-present fraud in the U.S., stating that the overall proportion of CNP fraud is relatively even—and perhaps even decreasing—as a percentage of online sales
  • EMV chips with that Chipotle PoS breach?” SC Magazine, April 26, 2017. Following a recent data breach at a restaurant chain, Director Randy Vanderhoof explains why retailers that haven’t yet enabled to accept EMV chip cards are a target for fraud, and how chip cards can protect cardholder data
Save the Dates for 2017 In Person Meetings
The next twoU.S. Payments Forum meetings in 2017 have been scheduled; mark your calendars today! Click on the specific event for complete information, including registration. Once you’ve registered, be sure to make your travel accommodations before flights and hotels become booked. We look forward to seeing you. 

About This Newsletter
The U.S. Payments Forum Quarterly is a publication for members, friends and supporters of the U.S. Payments Forum. The U.S. Payments Forum continues to support the chip migration while also broadening its focus to other new and emerging payments technologies in the U.S. Those technologies protect the security of, and enhance opportunities for, payment transactions within the U.S., and include tokenization, card-not-present transactions, point-to-point encryption, and mobile and contactless payments. Thank you for your interest, and please email us with any suggestions for future content.