The workgroup has also agreed to work with Discover Financial Services to license the D-Payment Application Specification (D-PAS) as the foundation of the common U.S. debit chip payment solution.
The decision is the culmination of months of evaluation of different proposals. The SRPc — a cross-industry trade association — has called on Visa, MasterCard, and outlying debit networks to get behind the initiative and take steps to commercialize it.
The AID and D-PAS decisions, made in conjunction with the EMV Migration Forum, will enable the industry to move forward with a known application and process, simplifying changes for all stakeholders.
Unless all debit networks adopt the solution, industry stakeholders may need to support a multi-application chip environment for debit in the U.S.
The members of the workgroup invite all other debit networks to participate in a consortium that would govern the common U.S. debit solution, and undertake steps to commercialize it. The group will also evaluate the use of one-time card number technology developed by First Data/Star as a further protection layer against skimming and data breach frauds.
Establishing a standard common U.S. debit AID is the best way to avoid unnecessary complexity while achieving higher payment security.