Debit Transactions in an EMV World: A Practical Guide
- Date:July 30, 2015
- Author(s):
- Sarah Grotta
- Research Topic(s):
- Debit
- PAID CONTENT
Overview
Mercator Advisory Group’s research report, Debit Transactions in an EMV World: A Practical Guide, follows each of nine debit transaction types at a business level from the point a consumer makes a payment selection to the authorization response. For each debit transaction type, the report identifies the network type, form factor, CVM, message type, and environment influencing the path of the transaction, and presents a process flow diagram that outlines the major milestones in the process, noting the key participants and briefly describing the process occurring as the transaction winds its way from the customer’s payment choice to the authorization response. Analysis of recent events that have materially impacted the transaction type is presented in the text following each flowchart and includes commentary on potential changes that may influence the transaction type’s future.
“We have witnessed an incredible amount of change in debit transactions over the prior two years that has materially impacted banks, processors, merchants and networks financially and operationally. With the advent of the EMV migration, tokenization, and commercialization of mobile payments, managing change becomes critical. Understanding the existing payments infrastructure and how it works at a fundamental level will be critical to those with payment-related businesses to protect and grow,” comments Sarah Grotta, Director, Debit Advisory Service at Mercator Advisory Group, and author of this report.
This report has 22 pages and 10 exhibits.
Companies mentioned in the report include: Accel, AFFN, American Express, Apple, Capital One, Credit Union 24, Discover, EMVCo, JCB, Jeanie, Kroger, MasterCard, MCX, NYCE, Presto!, PULSE, Shazam, Target, UnionPay, Visa, Walmart, and ZipLine
Highlights of the report include:
- A detailed review of 9 debit transaction types and the way they are processed through the payments systems
- Analysis of the impact of Dodd-Frank Regulation II on PIN debit transactions
- Review of Visa’s PIN Authentication Visa Debit (PAVD) product and associated merchant incentives
- Commentary regarding how MasterCard and Visa’s dominant role in tokenization vault services may affect mobile payments
Learn More About This Report & Javelin
Related content
2025 Digital Issuance Provider Scorecard
Galileo ranks as the Best in Class winner in Javelin Strategy & Research’s inaugural Digital Issuance Provider Scorecard. Galileo’s flexible, secure, scalable and fully integrated ...
Tumultuous Times: Uncertainty at the CFPB and Financial Services Regulations
The Consumer Financial Protection Bureau’s future is in question amid scrutiny by the Trump administration and Elon Musk’s Department of Government Efficiency. An order to stop wor...
2025 Instant Issuance Provider Scorecard
Fiserv stands atop the rankings in Javelin Strategy & Research’s inaugural Instant Issuance Provider Scorecard, earning Best in Class for its comprehensive, end-to-end offering tha...
Make informed decisions in a digital financial world