Friday, June 06, 2003

Benefits of EMV for banks?

Cards Worldwide has a fine article on the impacts of migration to EMV for banks. It is written by Sirus Zafar, Director Application Development and IT, MUZO. He states that the benefits for banks are unsure.

The potential benefits are:

- fraud reduction,

- increasing number of off-line transactions,

- usage for other applications,

but whether they can be realised in practice is unsure.

The first Dutch discussion on these and other policy issues, related to the introduction of EMV, will be the subject of this conference (Van strip naar chip).