PARTNER NEWS: Mastercard has announced a strategic partnership with Tappy Technologies that will see the two companies working together to let fashion brands easily add contactless payments to watches, jewellery and other accessories... More
American Express, Discover, Mastercard and Visa have gone live with an online checkout service that lets merchants add a single buy button to their sites to accept payments from any of the networks’ cardholders — without them first needing to create an account with the merchant or enter detailed payment data... More
PARTNER NEWS: Cilab’s ci230 high-speed testing suite has made it possible for self-service payments leader Invenco to significantly improve the time it takes to develop, test and bring to market EMV-compliant NFC payment terminals for its customers, chief engineer Chris Henry has told NFC World... More
Indonesia’s central bank says it has now completed the development of QRIS, an EMV-compliant national QR Code Indonesian Standard for mobile payments... More
EMVCo is to add support for eight-digit Issuer Identification Numbers (IINs) in 2021, with the result that “point of sale terminals may need to be updated to ensure they recognise and have the ability to process both existing and longer IINs, or transactions may be terminated or processed incorrectly”... More
Customer and cashier education, experience and communication at the point of sale (POS) are all key factors that need to be addressed to boost contactless payments adoption in the US and overcome the currently fragmented experience, according to the US Payments Forum... More
EMVCo has produced a new payment icon that can be used to signal to consumers that its EMV Secure Remote Commerce ‘virtual payment terminal’ specification is being used as a foundation to process card-based payment transactions in remote-checkout environments, including websites and apps... More
Web Payment Security Interest Group Charter — World Wide Web Consortium — “The mission of the Web Payment Security Interest Group is to enhance the security and interoperability of web payments. The group pursues its mission by creating a forum for organizations to define areas of collaboration and identify gaps between existing technical specifications in order to increase compatibility among different technologies.”
PARTNER NEWS: Tappy Technologies has launched a platform which enables traditional brands to turn their watches easily into secure, contactless payment devices... More
PARTNER NEWS: STMicroelectronics has begun shipping the ST25R3916, an NFC universal device that contains “innovative features to simplify the design of payment terminals and ease compliance with new EMVCo 3.0 contactless interoperability tests for cards, mobiles, and wearables.”... More
Taiwan Cooperative Bank completed Taiwan’s first standardized QR code payment in partnership with Visa — Visa — “By adopting the EMV QR Code Specification, as supported by Taiwan’s two large domestic payment switches, consumers can enjoy a fast, convenient and secure payment experience. The specifications are intended to be globally interoperable; and with the right mobile application local consumers as well as overseas travellers will be able to use the same QR code to make payments everywhere the specifications have been adopted.”
PARTNER NEWS: STMicroelectronics has launched the ST54J, a single system-on-chip that lets mobile phone makers cut bill-of-materials costs, reduce PCB space and deliver faster performance by combining an NFC controller, secure element and eSIM into one unit that supports mobile payments, e-ticketing, remote provisioning and more... More
PARTNER NEWS: STMicroelectronics has 10 developer kits for its new contactless payments ‘in a box’ reference design available for NFC World readers to request free of charge... More
PARTNER NEWS: STMicroelectronics has released a contactless payment terminal reference design that can be used to quickly build EMV-compliant POS terminals “by making the exhaustive EMVCo certification process easier and faster than ever before.”... More
STMicroelectronics’ NFC technology chosen to distinguish TCL Communication’s Alcatel 3V smartphone through outstanding contactless user experience — STMicroelectronics — PARTNER NEWS — “ST’s technology ensures robust connectivity for fast and reliable contactless payments, e-ticket transactions, peer-to-peer data transfer, and emerging use cases including interacting with ‘physical web’ objects like smart posters or store shelves. Superior RF performance also helped TCL Communication to streamline certification to mandatory stringent EMVCo, GSMA and NFC Forum standards for handsets.”
EMVCo has developed a QR Payment Mark that can be used by merchants to indicate that they accept mobile payments which conform to the standards body’s QR Code payment specifications... More
Tokenization has the potential to increase the security of a wide range of applications beyond payments, from healthcare to social security, logical access control and blockchain applications, Rambus explains in a new ebook which is now available to download from the NFC World Knowledge Centre... More
PARTNER NEWS: 2018 will see the emergence of omnichannel tokenization, a wealth of new payment use-cases such as connected cars, and the rise of ‘merchant pay’ — retailer issued mobile wallets — according to Rambus... More
59% of card-present transactions globally use EMV chip technology — EMVCo — “58.9% of card-present contact and contactless transactions globally were EMV-enabled between July 2016 and June 2017. This represents an increase over the prior year, when 42.4% of transactions were EMV-enabled… The United States experienced the largest year-over-year increase, with 31.4% of transactions being EMV-enabled, compared to 7.2% in the same period the prior year.”
EMVCo launches EMV secure remote commerce technical framework — EMVCo — “EMV SRC will address the complexities and potential vulnerabilities within the remote payments environment by defining a consistent approach to enable the secure transmission and interaction of payment card data among participants. This helps reduce exposure to data compromise and simplify merchant support of these solutions.”
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