|Discover Financial Services Announces Next Steps for EMV Deployment across the Globe|
Discover Introduces Global Chip Card Fraud Liability Shift Policy
PULSE to Support EMV Chip-Based Debit Transactions to Align with Industry Deployment and Certification Efforts
Discover’s Fraud Liability Shift Policy
In alignment with U.S. EMV migration timelines, Discover
is introducing Fraud Liability Shift for Discover Network (in the U.S.,
Discover cardmembers also will benefit from the enhanced security EMV provides, as Discover looks to gradually start replacing its current cards with chip cards in the coming years, with initial outreach to frequent travelers.
PULSE EMV Deployment
Although PULSE’s implementation of D-PAS supports all cardholder verification methods, its U.S. implementation of EMV is expected to feature broad support for online PIN-authenticated transactions as the most secure cardholder verification method.
PULSE also is collaborating with other debit networks and industry work groups to facilitate interoperability among card brands and to enable merchants to route debit transactions consistent with the requirements of the Federal Reserve’s Regulation II.
“Our timeline to support chip-based credit and debit transactions, in
addition to our Fraud Liability Shift policy, are critical milestones to
helping make EMV a reality in the U.S.,” said