New open payments standard will open new doors for cryptology and transaction routing, says Roger Applewhite. Applewhite says the standard will set the groundwork for applying the technologies of the EMV chip in a more “open manner” Applewhite is a 20-year veteran of the payments industry. The new open standard can enable issuers to develop payment applications that break free of current debit routing requirements, he says. He also discusses: Why EMV alone is not enough to ensure the long-term security of card payments.”]
Source: https://www.cuinfosecurity.com/new-standard-designed-to-enhance-emv-a-9958