JCB joins EMVCo as a Third Owner-member

Wednesday 22 December 2004 11:40 CET | News

A third global payment organisation, JCB Co., Ltd., has joined EMVCo, the EMVââ€Å¾Ã‚¢ chip card standards body jointly owned by MasterCard International and Visa International.

JCB, an established supporter and end-user of the EMV Specifications, has acquired a one-third share of EMVCo from MasterCard and Visa’s respective shareholdings. All three members now have equal interests in the organisation and EMVCo’s management structure has been altered to reflect this. JCB will appoint representatives to the EMVCo Board of Managers and the Executive Committee as well as its working groups. Gaylon Howe, member of the EMVCo Executive Committee and Executive Vice President of Consumer Product Platforms at Visa International, added: “JCB has been deploying an EMV-compliant infrastructure since 2001. With half of its 51 million branded cards predicted to be EMV compliant by April 2005, JCB’s commitment to EMV is without question.”

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Categories: Payments & Commerce | Payments General
Countries: World
This article is part of category

Payments & Commerce