All Mastercard issuers must ensure that their card products perform Mastercard chip transactions in line with Mastercard's rules and specifications.
The goal of CPV is to help ensure that every chip device bearing a Mastercard application complies with the latest Mastercard card personalization requirements, and will be correctly accepted in payment acceptance devices.
- UL delivers formal CPV validation services on behalf of Mastercard.
- UL provides development testing and personal profile definition services for issuers and other organizations that need to comply with these Mastercard requirements.
- Single-source provider for acquirers, providing tools, advisory and testing services and M-TIP