This step represents the next milestone in its global EMV deployment. Beginning with October 2013, Discover will also grant annual PCI audit waivers for merchants that process 75 percent of Discover Network transactions via terminals supporting both contact and contactless payments. Discover cardmembers will also benefit from the security EMV provides, as Discover has unveiled its intentions to gradually start replacing its current cards with chip cards in the coming years.
Pulse will capitalize on Discover’s EMV-deployment experience by using the D-Payment Application Specification (D-PAS) to enable EMV transactions at the point of sale. In addition to introducing Fraud Liability Shift, Pulse will require US direct-connect merchants and point of sale acquirer processors to support EMV data effective October 16, 2013.
Although Pulse’s implementation of D-PAS supports all cardholder verification methods, its US implementation of EMV is expected to feature support for online PIN-authenticated transactions. Pulse also is collaborating with other debit networks and industry work groups to enable interoperability among card brands and to enable merchants to route debit transactions consistent with the requirements of the Federal Reserve’s Regulation II.
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