EMVCo is looking to augment security specs anew with the development of an updated 3D Secure payment standard.
EMVCo, the initiative to promote and standardize EMV payment security has released specifications to a tokenisation standard.
EMVCo has proposed an inclusion of tokenization along with chip-and-pin to its security standard.
Discover Financial Services is now the sixth equity member of EMVCo, joining American Express, JCB, MasterCard, UnionPay, and Visa. Discover bought one-sixth share of EMVCo, and with it, will be able to contribute to developing security standards and best practices for contact and contactless payment systems.
