The EMV Migration Forum will coordinate efforts to enable the U.S. payment card system to accommodate EMV cards. EMV payment cards contain a microchip with advanced cryptographic capabilities that are used to authenticate a transaction with banks’ back-end systems. The microchip cards are intended to eventually move payment systems away from using the magnetic stripe on the back of cards, which is easily copied and used to create counterfeit cards. The group is scheduled to hold its first meeting Sept. 12 and 13 at MasterCard’s headquarters in Purchase, New York.”]