Chip-based mobile payments could be the ticket to an easier passage to EMV, Andreae says. EMV-based contactless transactions will play in the move toward EMV in the U.S., he says. Bridging the global gap with mobile also opens doors for more innovations like the “mobile wallet” Andreae: EMVCo, the body that manages the EMV specification, has committed to producing an EMV contactless specification in 2011. He also discusses the connection between EMV and merchants and the Durbin amendment.”]
Source: https://www.fraudtoday.io/next-gen-authentication-a-3680