Agreement with First Data’s STAR®
Network Provides Issuers, Acquirers and Merchants an EMV Solution
Compliant with Debit Regulation and Supports U.S. EMV Migration
The collaboration between these two payments industry leaders on the license agreement will help to enable the development of regulation-compliant debit EMV solutions using a common Application Identifier (AID). First Data’s STAR Network will use PIN and no CVM functionality on the common AID to facilitate different types of debit transactions on its network, including PIN, PINless and signature cardholder verification methods. The AID will facilitate U.S. debit transactions from any debit network that licenses the Visa common AID solution and is enabled on a Visa card.
“This agreement is a significant step to accelerate EMV adoption by addressing Regulation II compliance for debit EMV transactions,” said
With the addition of First Data’s STAR Network, Visa debit issuers can now choose among several competing network options for their EMV chip debit cards, while also reducing the complexities of chip implementation.
“Visa’s priority is to facilitate the U.S. migration to EMV technology as efficiently and quickly as possible,” said
The common debit solution will both support issuer choice and flexibility, allowing network changes without reissuing cards and merchant and acquiring routing choices without costly host systems reprograming. Minimal updates are required for all when new participants adopt the solution.
About First Data and the STAR Network: First Data’s STAR Network is one of the nation's leading electronic funds transfer (EFT) networks, with more than 2 million retail and ATM locations. First Data is the global leader in payments processing and electronic commerce solutions.
Around the world, every second of every day, First Data makes payment transactions secure, fast and easy for merchants, financial institutions and their customers. First Data leverages its vast product portfolio and expertise to drive client revenue and profitability. Whether the choice of payment is by debit or credit card, gift card, check or mobile phone, online or at the checkout counter, First Data takes every opportunity to go beyond the transaction. More information about the company is available on FirstData.com as well as on Twitter, LinkedIn, Facebook and
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Source: First Data