MasterCard CPV Formal Approval Services
UL Transaction Services (UL TS) is a Mastercard accredited Service Provider for delivering Card Personalisation Validation (CPV) Formal Approval Services. Mastercard imposes these services on issuers introducing a new Mastercard branded card.
The aim of Card Personalisation Validation (CPV) is to check that every chip card, which bears a Mastercard brand, complies with the Mastercard requirements and will be correctly accepted in terminals accepting Mastercard branded payment applications. UL TS validates the chip card compliance to Mastercard requirements and identifies interoperability issues. After UL TS has found the card product compliant, UL TS will inform Mastercard, and the Issuer will get a CPV Report signed by Mastercard, allowing the card product to carry the Mastercard brand.