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
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
Open Banking launches account information and payment initiation API specifications — Open Banking — “The payments initiation API will enable third parties to set up secure payments on behalf of customers and, once authorised by the customer, submit the payment for processing. The specification currently caters for the submission of a single, immediate, domestic payment from UK personal and business current accounts and is payment scheme agnostic.”
EMVCo-specified universal QR code to be introduced in 4Q17 — Digitimes — “EMVCo is specifying a universal QR code to facilitate tokenized mobile payments, and the global standard QR code is expected to be introduced to the Taiwan market in the fourth quarter of 2017, with prevailing use to kick off by the end of 2018 at the earliest, according to Visa Taiwan country manager Macro Ma.”
Some 41% of all secure elements deployed globally between 2010 and 2016 were based on GlobalPlatform specifications, totalling 22.018bn, the standards body has revealed... More
GlobalPlatform has released a new framework that gives consumers control over which secure applications can be used within part of the secure element (SE) of their trusted devices, without compromising security for the SE as a whole. More
Trade association SIMalliance is transferring ownership of its Open Mobile API (OMAPI) specification to standards body GlobalPlatform... More
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions... More
Fido Alliance is working with EMVCo to provide a new authentication standard for mobile wallet and payments developers, allowing consumers to use certified, on-device biometric verification when making in-store or in-app purchases... More
The Payments Association of South Africa (PASA) has unveiled a new standardised specification to facilitate biometric authentication on payment cards. More
The next Bluetooth release will be made available in “late 2016 to early 2017”, the Bluetooth Special Interest Group (SIG) has confirmed, following the unveiling of the Bluetooth 5 specification earlier this month... More
Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank... More
The Bluetooth Special Interest Group (SIG) is working to finalise the next Bluetooth release which will add “significantly more capacity” for advertising transmissions, meaning that longer messages can be communicated through Bluetooth Low Energy (BLE) beacons, the organisation says... More
A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed... More
PARTNER NEWS: NFC and mobile payments pioneer Proxama has completed the integration of Discover’s D-Payment Application Specification (D-PAS) contactless product into its EMV enablement solution... More
PARTNER NEWS: Prepaid card processor Tutuka has begun the implementation of digital payment solutions provider Proxama’s Digital Enablement Platform (DEP) for a fully independent cloud-based payment (CBP) solution in the Middle East, Asia and Africa... More
Visa has launched Quick Chip for EMV, a technology enhancement that speeds up the checkout time when paying with an EMV card... More
EMVCo has updated its tokenization specification to include a new payment account reference (PAR) that can be used to link a cardholder’s payment token with their primary account number (PAN) without needing to use their underlying account number... More
The NFC Forum has added the ability to use the cloud to establish connections between two NFC devices in a new candidate version of Connection Handover, the technical specification that covers the way in which NFC devices can establish a connection using alternative carriers, such as Bluetooth or WiFi... More
PARTNER NEWS: A blog post by mobile commerce provider Proxama discusses the implications of Visa’s updated cloud-based payments specifications which include a requirement for issuers to migrate from alternate PANs to tokenization... More