More than three-quarters POS terminals enabled
Adoption of EMV as the universal payment standard gained further traction in 2011, with official figures revealing that more than 42% of all payment cards and nearly 76% of all terminals in circulation globally are based on EMV technology. These numbers, however, do not reflect the U.S.
The figures have been released by EMVCo, the standards body owned by American Express, JCB, MasterCard and Visa, and represent the latest statistics from their respective member financial institutions globally.
Today, there are in excess of 1.3 billion EMV payment cards in global circulation and more than 20 million EMV based acceptance terminals active worldwide.
To support the growing adoption of EMV standards, EMVCo has established the EMVCo Associates Program to encourage all payment stakeholders to play a more active role in guiding the organization’s strategic and technical direction.