EMVCo announced a new opportunity to payment industry participants so that they may be more involved in the strategic planning and direction of global payments standardization.
EMVCo, which shares ownership between American Express, JCB, MasterCard and Visa, invites interested organizations, including payment card issuers, acquirers, merchants, processors, card and terminal vendors, networks and their representative associations, to provide input in two specific areas.
Participating organizations can either become an EMVCo Business Associate or a EMVCo Technical Associate. While the job of the associate is to serve on the EMVCo board and address issues related to the use of the EMV Specifications, the technical associate will provide input and receive feedback on detailed technical and operational related issues. Additionally, six seats on the EMVCo Board of Advisors will be reserved for Technical Associates representing separate market sectors.
There is an annual fee of $12,500 for Business Associate participation and $25,000 for Technical Associate participation.