EMVCo manages and evolves EMV® Specifications and aiding testing programmes that assist allowing card-based payment merchandise to work collectively seamlessly and securely worldwide.

As an organisation striving to facilitate a payments infrastructure that is standardised in terms of protection and interoperability, EMVCo performs an essential position in bringing collectively stakeholder interests among payments industry participants.

EMVCo, however, does no longer establish obligations, requirements, or otherwise for the implementation of its specifications. EMVCo does not mandate or enforce EMV® compliance or the implementation policies for issuers, merchants, and acquirers, which are dealt with by payment networks independently outside of EMVCo.