EMV   

Payment Ecosystem Introduction 

Understand the basics of the EMV ecosystem

This training course enables participants to understand EMV migration and its benefits for merchants and acquirers.

Objectives

• Receive a complete overview of EMV

• Understand the chip card evolution

• Learn the history of EMVCo and the goals of EMV

• Recognize the roles of each industry player

• Understand the process of an EMV transaction

• Identify the differences between the main payments schemes

Key topics

• Review of magnetic stripe transactions and technology

• Basics of chip card technology

• Overview of an EMV transaction

• EMV business drivers

• EMV benefits and challenges

MORNING

An overview of EMV

• What is a smartcard?

• The customer journey

• What is EMV and EMVCo?

• Overview of EMV migration and certification

• The business drivers behind EMV

• The benefits and challenges of EMV

AFTERNOON

Payment schemes

• The payment ecosystem

• Roles and responsibilities within the ecosystem

• What is a transaction flow

• The differences between the payment schemes

• Requirements and recommendations