Payments standards body EMVCo has updated its Payment Tokenisation Technical Framework to introduce the new roles of ‘token programme’ and ‘token user’, refine the roles of ‘token service provider’ and ‘token requestor’ and detail “their interrelationships within the global payments environment.”... More
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
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.”
More than half of all card-present transactions conducted globally (52.4%) between January and December 2016 used the EMV chip card standard, up from 35.8% for the same period in 2015, standards body EMVCo has revealed... More
More than two fifths of all card-present transactions conducted globally (42%) between July 2015 and June 2016 used the EMV chip card standard, up from 33% for the previous 12-month period, standards body EMVCo has revealed... 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
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device... 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
Visa and Intel are to work together to integrate payments security technology into Intel chipsets, enabling device manufacturers to build functionality into their products to create “a more secure payment process for the internet of things (IoT)”... More
NFC Ring has made its payments ring available to order worldwide, enabling wearers to make purchases with a tap of their finger at any contactless terminal. More
EMVCo has introduced a formal industry testing and certification process for contactless mobile payment devices... More
EMVCo and the Fido Alliance have signed a memorandum of understanding (MoU) to review how Fido authentication standards can support EMV payment use cases... More
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. 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
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... More
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... More
One in three of all card-present transactions made globally between July 2014 and June 2015 used EMV chip technology, research from EMVCo shows... More
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 processors to add support for EMV to POS terminals... More
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. More