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U.S. Payments Forum Resource Addresses Global Chip Supply Challenges, Payments Industry Response

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  • U.S. Payments Forum Resource Addresses Global Chip Supply Challenges, Payments Industry Response
U.S. Payments Forum Resource Addresses Global Chip Supply Challenges, Payments Industry Response

White paper explores potential considerations to lessen long-term impacts on the payments landscape

ENGLEWOOD, Colo., April 13, 2022 – Global semiconductor supply challenges are persistent and wide-reaching, affecting numerous industry sectors for nearly two years. The U.S. Payments Forum today announces the release of its new resource addressing these chip supply challenges, the potential impacts on the payments ecosystem and considerations for payments industry stakeholders to help mitigate shortfalls through the coming months.

The white paper, “Global Chip Supply Challenges: Considerations for Payment Industry Stakeholders,” is available for download on the U.S. Payments Forum website. The free resource is accessible to both members and non-members.

The median chip inventory companies have on hand fell from a 40 day supply in 2019 to less than five days in 2021, according to a recent report by the U.S. Department of Commerce. For the payments industry, the challenge is impacting the availability of the security chips used in payment cards, point-of-sale (POS) terminals and other devices.

“Chip shortages are expected to remain through 2023 and may even continue into 2024,” said Jason Bohrer, executive director of the U.S. Payments Forum. “Digitization is not slowing down and the demand for secure payment technologies that incorporate these chips is rising. This white paper will help stakeholders all along the supply chain sharpen their plan of action and identify the key considerations related to their specific role in the payments stakeholdership.”

This resource includes the following:

  • A timeline exploring the critical factors that may have contributed to the industry-wide chip supply challenges
  • Unique considerations and next steps for payments industry stakeholders, including chip suppliers, card and terminal manufacturers, issuers, payment terminal merchants, processors and personalizers
  • Risks and challenges associated with each of the aforementioned stakeholders as they navigate chip supply issues
  • Suggested approaches for communicating with consumers in light of the chip supply challenges

“Global Chip Supply Challenges: Considerations for Payment Industry Stakeholders,” was developed by the Global Chip Supply Challenges Working Group and led and endorsed by the U.S. Payments Forum’s Steering Committee. The Steering Committee manages the Forum and guides the priorities of the organization and its working committees which include ATM, Communication and Education, Debit Routing, Mobile and Touchless Payments, Payments Fraud, Petroleum, Testing and Certification and Transit Contactless Open Payments.

Organizations, associations, government agencies and individuals interested in participating in upcoming projects and initiatives can visit the Forum website to learn how to become a member. For membership levels, benefits and the application, visit the membership page.

About the U.S. Payments Forum

The U.S. Payments Forum is a cross-industry body focused on supporting the introduction and implementation of new and emerging technologies that protect the security of, and enhance opportunities for payment transactions within the U.S. The Forum is the only non-profit organization whose membership includes the whole payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on, and have a voice in the future of the U.S. payments industry.

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Sherlyn Rijos
Montner Tech PR
203-226-9290
[email protected]

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About the U.S. Payments Forum

The U.S. Payments Forum is a cross-industry body focused on addressing issues that require broad cooperation and coordination across many constituents in the payments industry. The Forum is an affiliated organization of the Secure Technology Alliance, founded in August 2012 as the EMV Migration Forum, and renamed in the U.S. Payments Forum in 2016 to include other new and emerging payments technologies in the United States.

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Session 4: Tuesday, August 12th at 9am PT

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Wrap up the U.S. Payments Forum Summer Education Series with a timely deep dive into one of the most talked-about trends in the financial world: cryptocurrency and stablecoins.

In this final, member-exclusive session, industry experts will demystify the fundamentals of these digital assets and explore their potential impact on the payments ecosystem. From definitions and use cases to regulatory considerations and real-world adoption, this conversation will provide clarity on where crypto fits—and where it’s headed—in mainstream commerce.

If you’re curious about how digital currencies may reshape transactions, settlement, and consumer expectations, this session is your chance to get informed and stay ahead.

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Kick off the U.S. Payments Forum Summer Education Series with a forward-looking conversation on agentic payments—a transformative approach where devices, apps, or digital assistants initiate and complete transactions on behalf of users.

In this member-exclusive session, Visa and Mastercard will share insights into their agentic payment strategies and real-world applications, exploring how AI-driven automation is reshaping customer experiences and the broader payments ecosystem. Joining the conversation is Firmly, a company building the agentic commerce infrastructure powering frictionless AI-native checkout across digital channels.

Moderated by Andrew Gordon from Discover, this discussion will unpack the opportunities, considerations, and future outlook for autonomous commerce.

Moderator: Andrew Gordon, Discover

Panelists: Sukh Dev, Mastercard; Reed Bouchelle, Visa; Kumar Senthil, Firmly

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Session 2: Tuesday, July 8th at 9am PT

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This members-only session will cover the critical role tokenization plays in reducing fraud, protecting data, and enabling secure digital commerce. Attendees will gain clarity on the different types of tokens—network, acquirer, and card-on-file—and learn when issuer involvement is required, when it isn’t, and why that distinction matters.

Whether you’re building, managing, or modernizing payment systems, this session will equip you with the knowledge needed to navigate tokenization with confidence.

Panelists: Manish Nathwani, SHAZAM; Sukh Dev, Mastercard

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Led by: Joe Vasterling, Best Buy; Sara Walsh, Bank of America

Register Now