Adoption of the EMV France standard : the new dimension of the bank card
The stakes are considerable, since over 400 million bank cards are currently in circulation throughout Europe. The migration of each country’s banking systems to EMV will be completed in 2005.
Thanks to EMV, bank cards are gaining in potential. They are more efficient and safe and can also have other functionality than just withdrawal and payment. They are multi-application and therefore multi-function: the new smart card is taking on a new dimension.
Many services are still to be defined, but initiatives have already been taken towards them.
The AFPC works in close cooperation with the Groupement des Cartes Bancaires CB [CB Bank Cards Group] to develop technical specifications and regulations to improve the technology