EMVCo has released security requirements for multi-factor authentication (MFA) solutions used in payments to support the development of MFA solutions capable of preventing or detecting attacks that can compromise card and ecommerce payments authentication. More
Russia could start testing the use of the digital ruble in real-world transactions as early as this month following the adoption of a law that ratifies the issuance and use of the central bank digital currency (CBDC) using a platform operated by the Central Bank of Russia... More
EMVCo has launched a biometric payment card initiative with the aim of producing a performance requirements document and associated approval and evaluation frameworks that will “enable biometric payment cards to deliver both seamless and secure payment experiences”. More
Citizens of Macau will soon be able to verify their identity at border crossings with a digital credential by scanning a QR code stored on their smartphone rather than using their physical ID card... More
The European Central Bank (ECB) should continue to develop the digital euro and start its proposed testing phase in October this year, but should not go ahead with launching the proposed central bank digital currency (CBDC) “unless new elements emerge strongly supporting such a decision”, according to an analysis paper requested by the European Parliament’s Committee on Economic and Monetary Affairs (ECON)... More
The Bank of Korea (BOK) and Samsung are to test using NFC to make offline central bank digital currency (CBDC) transactions with Galaxy smartphones and smart watches without needing an internet connection... More
PARTNER NEWS: NFC testing innovator Cilab has added a feature to its high speed tester that enables NFC terminal manufacturers to quickly and easily test a device’s RF field by making it visible in the form of a shmoo plot, 3D plot and intensity chart... More
Apple users with accounts at two Russian banks will soon be able to attach an NFC payment sticker to the back of their iPhone that enables them to make contactless payments for goods and services with their smartphone... More
Android users in Maryland are the first in the US to be able to create and store digital versions of their state identity card and driving licence in Google Wallet on their NFC smartphone and use it to verify their identity at Transportation Security Administration (TSA) security checkpoints at selected airports... More
NFCW will be bringing together senior executives and technical specialists from across the contactless payments ecosystem on 24-26 January for the Contactless Payments Summit, part of our Contactless World Congress series of online events... More
WeChat Pay users in China can now opt to authenticate payments with their palm at merchants that support the payment service’s new biometric WeChat Palm Payment solution... More
The Reserve Bank of India (RBI) is to build a prototype digital rupee and test it in a range of scenarios and use cases as part of its “phased implementation strategy” for introducing a central bank digital currency (CBDC)... More
EMVCo has officially launched the EMV Contactless Kernel Specification detailing the features and requirements for the software used to process transactions in payment acceptance devices such as point-of-sale terminals and ATMs that will simplify and advance global payment acceptance, enhance security, improve transaction speeds and support more reliable data transmission... More
KNOWLEDGE CENTRE: A comprehensive guide to implementing NFC tags to provide enhanced consumer experiences in a wide range of use cases is now available to download from the NFCW Knowledge Centre... More
EMVCo has released a draft specification for the contactless kernels used in payment acceptance devices to process contactless transactions and has made it available for public review... More
EMVCo is to launch an initiative to evaluate the role of wireless technologies not yet covered in its specifications — including Wi-Fi, ultra wideband (UWB), Bluetooth Low Energy (BLE) and mobile data — in creating “flexible and convenient payment experiences”, the technical body’s annual report reveals... More
Eesti Pank, the central bank of Estonia, has tested a blockchain-powered technical solution for the use of a digital euro central bank digital currency (CBDC) that it says is capable of handling more than 300,000 simultaneous payments a second and enables payees to receive a payment in less than two seconds... More
EMVCo has issued a new specification bulletin that makes it mandatory for contactless payment terminal suppliers to make use of IQ demodulation techniques in order to receive EMVCo certification... More
PARTNER NEWS: Payment terminal supplier Feig Electronic has selected Cilab’s ci230 high-speed testing solution to help it meet the demands of the latest EMVCo 3.1a specification... More
Public transport users in Sofia can now buy and store single journey QR code e-tickets on their mobile device which they can validate for travel on metro, bus, tram and trolleybus services across the Bulgarian capital’s transit network... More
