The Car Connectivity Consortium has announced the completion of an NFC-based digital key specification designed to deliver “a standardized ecosystem that enables mobile devices to store, authenticate, and share digital keys for vehicles in a secure, privacy-preserving way that works everywhere”... More
KNOWLEDGE CENTRE: Combining NFC and RFID tags with blockchain technology makes it possible to create secure, end-to-end global supply chains that eliminate the risk of counterfeit goods entering the system, reduce management complexity and increase transparency, STMicroelectronics explains in a new white paper now available to download from the NFCW Knowledge Centre... More
Biometric cards equipped with built-in fingerprint sensors have the potential to make payments both safer and easier, but the technology is still new and there are critical elements that need to be put in place to ensure widespread adoption, NXP explains in a white paper now available to download from the NFCW Knowledge Centre... More
Federal Reserve System white paper examines the effects of synthetic identity payments fraud — FedPayments Improvement — “A synthetic identity is created by using a combination of real information (such as a legitimate Social Security number) with fictional information (which can include a made-up name, address or date of birth)… Over time, fraudsters build up the creditworthiness of the synthetic identity, then ‘bust out’ by purchasing high-value goods and services on credit and disappearing.”
White Paper: Non-NFC based Mobile Sepa Card Proximity Payments — European Payments Council — “The document aims to create awareness amongst the payments industry about the development of non-NFC based MCPP [Mobile Sepa Card Proximity Payments] solutions and to provide a common understanding of the MCPP landscape. This final version also reflects the outcome of a three-month public consultation that ended in February 2019.”
PARTNER NEWS: Card issuers could soon be able to more easily make use of trusted execution environments (TEEs) to add security to their HCE mobile payments apps, mobile transaction specialist Dejamobile explains in a new white paper which is now available to download free of charge from the NFCW Knowledge Centre... More
Cruise operator Carnival Corporation has been granted a series of patents by the US Patent and Trademark Office (USPTO) for its Ocean Medallion, a wearable device that combines NFC and Bluetooth Low Energy (BLE) to provide passengers with a wide range of payments, access control and information services... More
STMicroelectronics has released an evaluation board that lets developers design and prototype solutions that combine NFC tag reading, energy harvesting and security with environmental monitoring sensors to track and protect a wide range of sensitive products throughout the supply chain, in stores and in the home... More
Tokenization technology is an immediately available solution that can be used to address critical gaps in blockchain and cryptocurrency security and promote consumer and institutional confidence, Rambus explains in a new paper which is available to download from the NFC World Knowledge Centre... More
PARTNER NEWS: STMicroelectronics has partnered with wearable transactions specialist Fidesmo to provide smartwatch and wearable device makers with a single payment system-on-chip (SoC) solution that comes with built-in support for Mastercard payments... More
EMV card-on-file payment tokenization is set to both reduce online fraud and deliver a range of benefits to merchants but implementation will not be straightforward, Rambus explains in a new paper that sets out the advantages of using a token gateway to simplify the integration and management process... More
NFC technology can be used by both brands and retailers to forge and strengthen a connection with consumers throughout the customer journey, the NFC Forum explains in a new white paper that provides detailed tips, ideas and guidance on how to take advantage of the technology’s potential... More
Card-on-file EMV tokenization, where primary account numbers (PANs) stored in a card-on-file database are replaced with payment tokens that can be restricted to a specific retailer, offers online merchants a way to both increase security and create a near frictionless buying experience, Rambus explains in a new ebook which is available to download from the NFC World Knowledge Centre... More
Industry perspectives on the evolution of EMV payment tokenization — Federal Reserve Bank of Boston — “This white paper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders.”
KNOWLEDGE CENTRE: Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude... More
KNOWLEDGE CENTRE: A report presenting the results of an in-depth investigation by Norway’s central bank into the potential of a central bank-issued digital currency is now available to download from the NFC World Knowledge Centre... More
Trust, convenience and ease of use will be key to enabling the full potential of voice-assisted conversational commerce, Mastercard explains in a new paper which is now available to download from the NFC World Knowledge Centre... More
“Tokenization has succeeded in mitigating fraud elsewhere in mobile payments, and is now ready to do the same for real-time payments, enabling account-based transactions to be processed faster and safer than ever before,” Rambus’ David Worthington explains in a new white paper that is now available to download from the NFC World Knowledge Centre... More
A new white paper that looks in-depth at Trusted Execution Environment (TEE) technology, the architecture and principles underpinning its operation and how it can be used to secure a variety of mobile wallet and IoT applications is now available to download free of charge from the NFC World Knowledge Centre... More
Enabling customers to scan items in the aisle as they shop and then check themselves out and complete the payment process all from their mobile phone holds multiple benefits for retailers aiming to improve the in-store experience, cut costs and increase revenues, a new white paper from Rambus explains... More