Statement on Developmental and Regulatory Policies — Reserve Bank of India — “In line with the Vision for Payment and Settlement Systems in the country, the revised framework will pave the way for bringing interoperability into usage of PPIs [Prepaid Payment Instruments]. Interoperability amongst KYC-compliant PPIs shall be implemented within six months of the date of issuance of the revised Master Directions, which will be issued within a week, ie by October 11, 2017.”
Interoperability
NXP releases NFC tag toolkit for iOS
PARTNER NEWS: NXP has announced a toolkit designed to make it easy for iOS 11 developers to take advantage of the NFC tag reading capabilities that are now supported by iPhones and unlock “the potential to now connect billions of consumer and industrial products to the Internet of Things (IoT)”... More
NFC Forum launches tag certification program
NFC Forum adds NFC tag certification to certification program — NFC Forum — “Tag/inlay, NFC reader and handset manufacturers for the first time will be able to test and verify the performance and interoperability of all the key components in the NFC ecosystem. Certification will help ensure that NFC tags, readers and handsets provide consistent, compelling and connected user experiences.”
EMVCo updates tokenization specification
Payments standards body EMVCo has updated its Payment Tokenisation Technical Framework to introduce the new roles of ‘token programme’ and ‘token user’, refine the roles of ‘token service provider’ and ‘token requestor’ and detail “their interrelationships within the global payments environment.”... More
MediaTek to offer OEMs ‘complete mobile payment platform’ that uses STMicroelectronics NFC technology
PARTNER NEWS: Mobile chipset giant MediaTek has integrated STMicroelectronics’ NFC technology into its mobile platforms, creating “a complete solution for handset developers to design next-generation smartphones capable of supporting tightly integrated NFC mobile services”... More
EMVCo publishes specification for merchant-presented QR code payments
Payments standards body EMVCo has added a specification for QR code payments in merchant-presented mode, following on from a spec for QR code payments in consumer-presented mode that it released in mid-July... More
EMVCo standardizes QR codes for mobile payments
Payments standards body EMVCo has published “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode”, a technical specification that marks the organization’s first move into standardizing the use of QR codes for mobile payments... More
NXP issues statement of support for NFC tag reading on Apple devices
PARTNER NEWS: NXP is “excited about the expanding number of users of NFC applications” following the announcement made by Apple earlier this week that it is to add support for NFC tag reading to its iPhone 7, 7 Plus and Apple Watch devices... More
Thailand to get standardised QR code payments in move towards cashless society
Mastercard, Visa and UnionPay International have introduced a standardised QR code platform for payments in Thailand that will let consumers make a transaction with their mobile device at any supporting location. The service has been designed to support the Bank of Thailand’s cashless agenda which aims to “drive innovation, interoperability and security in payments” across the country. More
Transport and mobile community define management framework for delivering mobile ticketing services
Transport and mobile community define management framework for delivering mobile ticketing services — GlobalPlatform — “Designed in collaboration with the Smart Ticketing Alliance and the GSMA, the document brings the transport ticketing and mobile communities together to ensure interoperable mobile ticketing is brought to market efficiently and securely using an agreed framework.”
Canadian banks to test blockchain digital identity network for consumers
A blockchain-based digital identity network that will let Canadians verify their identity to organisations of their choice and access services such as new bank accounts, driving licenses or utilities using a mobile app is now undergoing testing ahead of a planned launch later this year. The service is backed by a group of Canadian banks that includes BMO, CIBC, Desjardins, RBC, Scotiabank and TD. More
Lothian Buses to offer HCE mobile payments for public transport in Scotland
PARTNER NEWS: Scottish commuters using public transport services operated by Lothian Buses will soon be able to pay for their journeys using a host card emulation (HCE) based mobile payment service powered by Nevis Technologies, the joint venture between Scotland’s largest regional transport group Strathclyde Partnership for Transport (SPT) and technology provider Rambus... More
India opens way for direct mobile wallet transfers?
Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers... More
More than 500m people now have a mobile money account
Over half a billion mobile money accounts have been registered in 92 countries, with 1.3bn transactions processed in December 2016 alone, research from GSMA reveals... More
NXP reveals secure element and NFC solution that speeds transaction times, increases security and supports smaller form factors
PARTNER NEWS: A new embedded secure element and NFC solution from NXP will make it possible for mobile transactions to be conducted at the same speed as contactless card transactions... More
Indian mobile wallets seek common QR code
Indian mobile wallet providers have approached the National Payments Corporation of India (NPCI) to identify how to develop a common QR code for NPCI’s Unified Payment Interface (UPI) platform... More
White paper sets out ‘game changer’ role for NFC in public transport ticketing
A 14-page white paper that aims to educate public transport operators, mobile network operators and handset manufacturers on how to implement NFC technology across transportation systems, while ensuring consistent, reliable and efficient performance between devices and mobile ticketing systems, is now available to download from the NFC World Knowledge Centre. More
STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions
PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market applications, the company’s Sylvain Fidelis and Mark Dickson have told NFC World... More
Hungary’s national bank to launch instant payments through mobile phone numbers
A proposal from Hungary’s central bank Magyar Nemzeti Bank (MNB) for the launch of an instant payments service that will allow consumers to initiate a payment using only the mobile phone number of the recipient, with transactions completed “in a matter of seconds”, has been approved by the country’s Financial Stability Board... More
NFC Forum agrees key markets promotions
The NFC Forum has signed agreements with the Car Connectivity Consortium (CCC), the FIDO Alliance and the Smart Ticketing Alliance to collaborate on projects that will “advance the adoption and usability of NFC in key markets and technology sectors” including automotive, public transportation and digital identity... More
