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Emvco Keynote The Future of Contactless Payments Slides 001
Emvco Keynote The Future of Contactless Payments Slides 001
Emvco Keynote The Future of Contactless Payments Slides 001
Brian Byrne
EMVCo Director of Engagement & Operations
Jonathan Main
Chair of the EMVCo Board of Managers
EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark
Copyright ©2022 EMVCo – Unauthorised reproduction is prohibited 1
elsewhere. The EMV trademark is owned by EMVCo, LLC.
Copyright ©2022 EMVCo – Unauthorised reproduction is prohibited 2
Copyright ©2022 EMVCo – Unauthorised reproduction is prohibited
EMV® Specifications: Supporting security, flexibility & innovation
Specifications define and document additional technical requirements to ensure seamless use and
acceptance of payment products regardless of manufacturer or issuer.
EMVCo engages with industry, regional and national bodies to help shape specifications that
support the advancement of the global payment ecosystem.
Over time this can help reduce the number of contactless kernels that
stakeholders need to support and maintain, creating opportunities for
merchants, hardware providers and payment systems to:
• Reduce costs
Based on existing contactless architecture Optimised for cloud operation, also benefitting
TapToMobile and terminal implementation choices
Maintains existing terminal architecture
• Initial research indicates that existing
• Does not require new terminal transaction speed requirements can be met
hardware
• The kernel delegates CVM and some risk
Co-exists with legacy kernels for transition management task to the card enabling
better modularity
• Does not force card reissuance
Minimises impact on processing network
Kernel is licensable under EMVCo royalty
free conditions • Supports mapping of new data tags to
legacy tags
Uses Elliptic Curve Cryptography (ECC) for public Supports ECC or RSA based certificates for
key operations. ease of transition
Combined with Advanced Encryption Standard Data Storage with privacy and integrity
(AES, for symmetric key cryptography) to
provide:
• Secure Channel
• Man-in-the–middle detection
EMVCo has produced Version 1 of the EMV Contactless Kernel, Book C-8,
Kernel 8 Specification for approval for publication.
• Draft1 was released and reviewed by EMVCo Associates in Q1 2022.
• Draft2 was released for public review in Q2 2022.
• Publication expected in early Q4 2022*.
• The specification will then enter the standard EMVCo process for
updating and publication.
Version 1
October 2022
Copyright ©2022 EMVCo – Unauthorised reproduction is prohibited * Dates are subject to change. 17
Further and Future Payment Acceptance
Enhancements
• We are exploring how EMV® Specifications can support the use of wireless technology such as Wi-Fi and Wi-Fi direct,
Bluetooth Low Energy (BLE) Ultra Wide Band (UWB) and mobile data.
• We are also seeing in-store and online payment experiences starting to merge and blur, as consumers will increasingly
make e-commerce transactions from physical stores.