EMV is the future of payments but MasterCard doesn’t want to stop there, says Colin McGrath, vice president of development in U.S. Markets at the payments company. “We very much see this path and this evolution as really about enabling the next generation of payments,” McGrath tells Regarding ID’s Gina Jordan. “It’s about providing a globally interoperable secure platform for people to be able to make the investments necessary to enable that next generation.”

The future isn’t just about putting chips onto plastic cards, he explains. “But also, you want to have a framework that encourages growth and the adoption of new technologies, and we feel that we’ve done that. So, it’s not about one technology kind of supplanting or replacing another, it’s a recognition that there are a variety of different technology needs and considerations, a variety of different business approaches.”

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