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ATM Group: 'Common Debit Solution' Proposed
SIOUX FALLS, S.D. (7/31/13)--The Europay MasterCard Visa Migration Forum, an independent, cross-industry body created to address issues in the payments industry, has reached a consensus on the need for using a single application identifier (AID) that represents each of the debit networks enabled on any debit card, the ATM Industry Association (ATMIA) announced last week.
 
Currently three different solutions using a single AID are offered--one each from MasterCard, Visa, and the Secure Remote Payment Council (SRPc). MasterCard and Visa have reached an agreement, in principle, to use each other's technology, ATMIA said.
 
It appears that all three solutions will include multiple regional networks. However, those business relationships still in progress. SRPc has 10 regional networks on board and discussions are underway with at least four others, ATMIA said.
 
Card issuers can choose from three solutions that use a single AID and offer a routing choice to conform with the current interchange rule. Those solutions, though, still suffer from the same inadequacy--none of the cards work on all terminals unless all merchants and operators choose the same solution.
 
SRPc has proposed joint ownership and management of four AIDs and applications. Such an arrangement would permit all four AIDs to be resident on all terminals, and issuers could select the one AID of those four that will be used with their cards.
 
Several major retailers already have announced decisions to accept only cards with a single AID, said ATMIA. 
 


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