Fiserv and MasterCard have partnered to make the latter’s US common debit EMV solution available for the Accel debit network.
The partnership not only provides Fiserv clients with access to EMV solution, but enables MasterCard issuers to easily select and implement network relationships.
The MasterCard US common debit EMV solution helps EMV Migration Forum during single common debit application identifier (AID), single application on each card, and to verify the cardholder’s identity.
MasterCard North American Markets president, Chris McWilton, said this represents their continued commitment to help issuers, merchants and others continue the migration to the EMV standard here in the US.
"In this agreement, Fiserv and the Accel network are able to provide their customers a solution that can be activated today, delivering enhanced security while streamlining implementation and accelerating delivery of chip cards to our shared cardholders," McWilton added.
Fiserv financial institutions group president, Kevin Gregoire, said they are pleased to partner with MasterCard as part of a comprehensive, Regulation II compliant solution that includes Accel Network processing, card production and personalisation, and fraud and risk mitigation.