> EMV: Likely to be DOA > ================== > > EMV = Europay MasterCard VISA standard for a payment card > DOA= Dead On Arrival > > In an off-line world which was the foundation for the EMV > specification, you essentially only can build a more secure > locally verifiable payment system. > > Having an on-line world you can instead put the question: > What do CUSTOMERS want to do, payment-wise? But > the EMV consortium rather put the question: what do WE > (as payment organizations), want to offer to the ISSUERS? > > I claim that large corporate customers have needs that no card- > scheme support and will never be able to do either. Such as: > > - Virtual purchaser "card distribution" performed in-house
Visa and Royal Bank of Scotland are doing this in the UK with some major government departments. No plastic is involved, just virtual card numbers. > - Local control of purchases and purchasers before the actual > transaction is performed Surely this a function for the purchasing application, not the card scheme. > - A unified "card" system for local and on-line purchases Not sure what this is about. Do you mean the ability to use a local debit card on-line. Doesn't Visa Debit (Delta in the UK) or Maestro (when SecureCode is implemented) cover this? > > Is this possible to achieve? > Yes, trials will begin in selected areas in 18 months or so. > > The on-line paradigm changes [almost] everything. I would tend to disagree. Why should the card industry concentrate on on-line payments when they account for a very small proportion of the total transaction volume. The new Chip and Pin schemes address security in the real world while 3-D Secure goes some of the way to address security in the on-line world. I have yet to see a cost effective solution for both environments. Regards Dave
