News stories featuring EMVCo:
August 18th, 2016
EMVCo has introduced a formal industry testing and certification process for contactless mobile payment devices. The new process “incorporates Level 1 tests traditionally managed by the individual payment systems,” the payments standards body says, “bringing…
July 12th, 2016
EMVCo and the Fido Alliance have signed a memorandum of understanding (MoU) to review how Fido authentication standards can support EMV payment use cases. “A key aim of the initiative is to investigate providing simpler and stronger authentication for cardholders making mobile payments using on-device authenticators such as biometrics,” EMVCo says. “Initial activities will explore how Fido’s authentication protocol can be used to support EMVCo’s cardholder verification technology.”
June 23rd, 2016
Some 35% of all card-present transactions conducted globally between January and December 2015 used the EMV chip card standard, up from 32% in 2014, standards body EMVCo has revealed. The number of EMV payment cards in global circulation also increased by 1.4bn to 4.8bn over the 12-month period.
March 30th, 2016
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…
February 15th, 2016
SIMalliance has updated its Open Mobile API (OMAPI) specification, which sets out how mobile applications may access different secure elements on a mobile device and is mandated by EMVCo for mobile contactless payments. “A key update in v3.2 addresses requirements from ETSI (European Telecommunications Standards Institute) and GSMA to give the mobile application additional control to properly retrieve information from the secure element (SE),” the trade association says.
January 4th, 2016
PARTNER NEWS: NXP has launched a new NFC frontend for contactless payment readers that simplifies the work needed to gain certification and delivers four times more output power than its previous model. The PN5180 supports…
December 21st, 2015
One in three of all card-present transactions made globally between July 2014 and June 2015 used EMV chip technology, research from EMVCo shows. 97% of card-based payments in Europe Zone 1 used EMV, followed by 87% in Latin America, 84% in Africa and the Middle East, 65% in Europe Zone 2 and 34% in Asia. “The US is just beginning to establish its EMV infrastructure with EMV chip payments accounting for less than 1% of transactions during this reporting period,” EMVCo says.
October 2nd, 2015
PARTNER NEWS: Conformance testing specialist Clear2Pay Open Test Solutions has received certification from major payment networks for a suite of solutions and services that are designed to make it easier for US merchants, VARs and payment…
May 7th, 2015
Some 32% of all chip card-present transactions conducted globally between January and December 2014 used the EMV chip card standard, EMVCo has revealed, with adoption rates of EMV payment cards increasing in every region worldwide to total 3.4bn by the end of last year.
March 24th, 2015
PARTNER NEWS: Orders are up 75% year-on-year at HCE and tokenization specialist Bell ID, the company reports, “with 90% of all new orders and requests for proposals focusing on mobile solutions.” The growth in sales…
February 9th, 2015
PARTNER NEWS: An mPOS module that provides developers with “a complete hardware and software reference demonstrator for secure near field communication enabled mobile point of sale solutions” has been developed by NXP in partnership with…
November 25th, 2014
EMVCo has published A Guide to EMV Chip Technology, a report that provides an introduction to the EMV specifications and processes as well as the role of the technology within the wider payments industry. “Of particular interest to parties migrating to EMV Chip, it summarises implementation considerations for issuers, acquirers and merchants, as well as the responsibilities of EMVCo and its ongoing activity to advance the technology,” the standards body explains.
November 4th, 2014
Almost 30% of all card-present transactions conducted globally between July 2013 and June 2014 used the EMV chip card standard, EMVCo has revealed, with the highest usage in Western Europe and the lowest in the…
November 4th, 2014
PARTNER NEWS: NXP has launched a portfolio of NFC products designed to make it easier for car manufacturers to enable drivers and passengers to securely connect their mobile phone with a range of in-vehicle services….
October 24th, 2014
A new open source software project designed to help banks offer tokenized card payments has been launched by HCE specialist SimplyTapp. “We feel the accessibility and control of current offerings are pretty restrictive and there…
October 2nd, 2014
Samsung’s version of Apple Pay is now live in China, Korea’s Yonhap news agency reports. The phone maker has taken a similar route to Apple by partnering with EMVCo member China UnionPay, which has an installed base of 3.6m contactless POS terminals, for the launch of an NFC payment service for users of its devices. “The tie up with UnionPay, which controls 80% of China’s offline payment market, is expected to give Samsung a head start in the mobile payment sector,” the agency says.
September 24th, 2014
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more…
September 10th, 2014
Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and…
August 1st, 2014
Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry.
May 7th, 2014
Starting today, NFC World has a new name and a new mission — to report on the full array of emerging technologies that are transforming how consumers choose what to buy, who to buy from,…
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