Visa and MasterCard Support Common Solutions to Enable U.S. Chip Debit Routing

Visa and MasterCard Support Common Solutions to Enable U.S. Chip Debit Routing

Industry-Wide Licensing of Respective Technologies Provides Clear Path for
Chip Adoption

PR Newswire

FOSTER CITY, Calif. and PURCHASE, N.Y., July 30, 2013

FOSTER CITY, Calif. and PURCHASE, N.Y., July 30, 2013 /PRNewswire/ --
MasterCard (NYSE: MA) and Visa Inc. (NYSE: V) announced today an agreement to
license their respective common U.S. debit solutions to each other to meet the
industry need for a streamlined approach to route U.S. chip debit transactions
over multiple, unaffiliated networks.

Visa and MasterCard have made certain proprietary EMV chip technologies
available to each other and other networks, enabling a debit chip transaction
originating from a single chip application to be routed by the merchant to
Visa, MasterCard or any other U.S. PIN debit network that elects to
participate in these same solutions.

"This represents our continued commitment to advance the adoption of the most
advanced payment solutions and security standards in order to deliver maximum
value to merchants, consumers and issuers," said Chris McWilton, president,
North America, MasterCard. "By providing every U.S. debit network with an
efficient, market-ready answer, we are delivering a proven solution that not
only preserves merchant routing choice, but ensures seamless interoperability
with all other EMV programs across the globe."

In opening their investments and technologies to the industry, the two brands
will further accelerate the U.S. market to a more secure chip-enabled

"This approach offers issuers, acquirers and merchants a streamlined solution
for debit chip card routing, helps ensure a cost-effective migration, and
enables even broader adoption of secure, convenient chip debit programs in the
United States," said Elizabeth Buse, Global Executive, Solutions, Visa Inc.
"Importantly, this solution allows merchants and acquirers to deploy payment
terminals using existing chip technologies that are already widely integrated
into existing chip card acceptance solutions."

Issuers will be able to load their global brand's application onto their cards
– either Visa or MasterCard – and flexibly enable transactions to route over
any participating PIN debit network within the US. This approach is consistent
with the EMV Migration Forum's recommendations resulting from the aligned
merchant and issuing communities' needs for a single common debit application
identifier (AID) and single application on each card. The solutions offered by
Visa and MasterCard will significantly reduce the complexities of the U.S. EMV

About Visa Inc.: Visa is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more than
200 countries and territories to fast, secure and reliable electronic
payments. We operate one of the world's most advanced processing networks —
VisaNet — that is capable of handling more than 30,000 transaction messages a
second, with fraud protection for consumers and assured payment for merchants.
Visa is not a bank and does not issue cards, extend credit or set rates and
fees for consumers. Visa's innovations, however, enable its financial
institution customers to offer consumers more choices: pay now with debit,
ahead of time with prepaid or later with credit products. For more
information, visit

About MasterCard: MasterCard,, is a technology company in
the global payments industry. We operate the world's fastest payments
processing network, connecting consumers, financial institutions, merchants,
governments and businesses in more than 210 countries and territories.
MasterCard's products and solutions make everyday commerce activities – such
as shopping, traveling, running a business and managing finances – easier,
more secure and more efficient for everyone. Follow us on Twitter
@MasterCardNews, join the discussion on the Cashless Conversations Blog and
subscribe for the latest news.

SOURCE Visa Inc.
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