Italian payments solutions provider Payment Technologies (Paytec) is to build a new mobile payment technology into its vending machines that will let consumers make contactless payments using colour-coded light signals and tokenisation. More
Tokenization
Tutuka to roll out cloud-based payments with Proxama
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
G&D integrates Convego CloudPay with Visa Token Service
PARTNER NEWS: Giesecke & Devrient (G&D) has integrated its Convego CloudPay solution with Visa Token Service (VTS)... More
Bell ID white paper explores tokenization
A 26-page white paper that explores tokenization, how it is implemented and the role of token service providers (TSPs), token vaults and token domains is now available to download from the NFC World+ Knowledge Centre... More
Gemalto and Worldline simplify onboarding to OEM mobile wallets for banks and card issuers
PARTNER NEWS: Digital security giant Gemalto is working alongside European payment and transactional services provider Wordline to enable the “seamless onboarding” of banks and card issuers to mobile payment wallets provided by device manufacturers... More
Nets to launch HCE mobile payments in Denmark
Nordic payments service provider Nets is to launch a mobile payment service in Denmark in autumn 2016 that will use host card emulation (HCE) technology from Japanese card issuer JCB, the two companies have announced. More
MasterCard reports on tokenization in Europe
MasterCard is working on more than 60 projects involving its MDES tokenization platform in Europe, the payments network has revealed... More
Join NFC World for a webinar on selecting and implementing an in-house tokenization solution
NFC World will host a free webinar on Thursday 12 May that will explore how and why payments service provider Nets chose an in-house solution to deliver a tokenization service that can scale to serve more than 200 client banks across the Nordic region... More
Meet NFC World’s partners at Money20/20 Europe
NFC World partners Proxama, Giesecke & Devrient, Gemalto, Carta Worldwide and Bell ID will be exhibiting at the Money20/20 Europe expo in Copenhagen from April 4-7. More
EMVCo updates tokenization specification with new payment account reference data element
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
Huawei teams up with China UnionPay to roll out NFC mobile payments
Handset maker Huawei has partnered with bank card association China UnionPay for the roll out of Huawei Pay, an NFC-based mobile payment service that makes use of tokenization technology and is expected to be available on a wide range of Huawei handsets. More
American Bankers Association calls for tokenization and biometrics
The American Bankers Association’s Card Policy Council is calling for all consumer-facing industries to implement the latest payment protection technologies, including EMV chip cards, tokenization and biometrics... More
ICICI Bank launches HCE mobile payments in India
Customers of India’s ICICI Bank will soon be able to make host card emulation (HCE) based mobile payments at any contactless-enabled terminal using the bank’s Pockets app. The service, which makes use of tokenization, is currently available to the bank’s employees and is expected to go live for customers at the end of March 2016. More
Carta Worldwide renews partnership with NFC World
NFC World is pleased to welcome transaction technology provider Carta Worldwide as a partner for a second year. Carta is an award-winning leader in next-generation transaction processing and mobile payment technologies including host card emulation (HCE), cloud-based secure elements and tokenization. More
More than 100m people will make an NFC mobile payment in 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021. More
Proxama discusses Visa’s new cloud-based payment specs
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
Visa to end support for alternate PANs in cloud-based payments
Visa has updated its cloud-based payments specifications to include a requirement for issuers to migrate from alternate PANs to tokenization, NFC World has learned... More
Canada’s TD Bank Group adds HCE to mobile payment service
Canada’s TD Bank Group has added support for host card emulation (HCE) based mobile payments to the TD Mobile Payment application that it launched in May 2014. The service is the first in Canada to make use of Visa’s tokenization technology, the bank says. More
Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
Gemalto and Prosa bring HCE payments to Mexico
PARTNER NEWS: Digital security giant Gemalto and payment processor Prosa have partnered to bring host card emulation (HCE) based mobile payments to Mexico... More