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EMV

News about EMV.

MasterCard launches MDES token platform for mobile payments

September 10th, 2014

MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from… More

iPhone, NFC and Apple Pay: How should banks react?

September 10th, 2014

PARTNER VIEWS: The launch of Apple Pay “is good news for US iPhone users who want to ‘tap to pay’,” Martin Cox, global head of sales at Bell ID, writes in a blog post. “But what about the majority of smartphone users who are using an Android device? What about those of us outside of the US? The good news, he says, is that “banks finally have clarity” on the preferred technology at the point of sale, and “for Apple’s primary market, the US, it’s also strong endorsement for the ubiquity of EMV.”

iPhone 6 to ship with NFC and support for Apple Pay mobile payments

September 9th, 2014

UPDATED The new iPhone 6 and iPhone 6 Plus will include support for NFC, Apple has announced. The NFC functionality will let users make Apple Pay mobile payments in stores. More

Walmart moves to EMV

August 26th, 2014

Walmart MasterCard holders are to receive a replacement card “in the next few weeks” that includes an EMV chip. “Walmart has long been a proponent for EMV chip technology and installed EMV-capable terminals in stores about eight years ago,” SVP Mike Cook and MasterCard North America president Chris McWilton explain. “These terminals are now activated in more than 4,600 stores, including all Sam’s Club locations. Terminals in the remaining US stores will be activated before the end of the year.”

US to get 575m chip cards next year

August 21st, 2014

More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”. Members of the PST include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.

US merchant groups call for creation of open tokenization standards

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. More

Square unveils EMV card reader

August 1st, 2014

Mobile POS provider Square is to introduce a new card reader that can be used to process both EMV chip card and magnetic stripe card payments. “Square Reader for chip cards is the most advanced and affordable way for you to be ready for the cards all of your customers will soon be carrying,” the company says. “No commitments, long-term contracts, or painful ‘reterminalization’ fees.”

Visa to launch new payments service in September, Apple could be the first customer

July 24th, 2014

Visa has unveiled a suite of services designed to “facilitate secure payments across a broad range of internet-connected devices and wearables”. The announcement of the new Visa Digital Solutions service comes amid reports that Apple… More

Consult Hyperion demos EMV mobile payments over BLE on an iPhone

July 22nd, 2014

UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa… More

Survey finds American cardholders are ready for EMV

July 4th, 2014

Almost 70% of Americans believe that EMV chip technology makes their debit and credit card transactions more secure, with only 5% feeling chip cards make their transactions less secure, a new survey released by NXP… More

JCB to launch NFC payments in 2015

July 1st, 2014

Japan-based payments network JCB is to begin testing a contactless payments service in Tokyo this month, ahead of a commercial rollout in 2015. “In addition to plastic cards, J/Speedy can be issued for a wide… More

Aite reports on US migration to EMV

June 10th, 2014

Some 70% of US credit cards and 41% of debit cards will be EMV enabled by the end of 2015, according to a new Aite Group report, but the majority will be contact cards rather… More

Edgetech to offer acoustic mobile payments in Zimbabwe

June 5th, 2014

Zimbabwe-based banking solutions provider Edgetech Solutions is preparing to launch a new mobile payment service that uses sound-based communication technology from NearBytes to let people make payments in stores with their phones. When launched, the Edgepay solution… More

FIS offers instant EMV cards

May 13th, 2014

Banking and payments technology provider FIS has launched a cloud-based service that lets banks instantly issue EMV ‘chip and pin’ or magnetic stripe cards to customers in their branches. “FIS Instant Card requires no server software or processing hardware to be installed or maintained at a financial institution’s location,” FIS says. “Instead, all server hardware, security modules, card profiles, keys/encryption, EMV data preparation, PCI compliance and more are fully managed by FIS.”

Apple upgrades its mPOS

May 12th, 2014

Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports.

PayPal takes another look at NFC

April 22nd, 2014

The arrival of host card emulation (HCE) has led to a re-think of online payments giant PayPal’s famously anti-NFC point of view, company president David Marcus has revealed. “I’m moving from being a massive skeptic… More

Aconite adds HCE and EMV token support

April 7th, 2014

EMV and NFC payment software specialist Aconite has added support for host card emulation (HCE) and EMV tokenization to its product offering, enabling issuers to “operate an HCE and token-enabled service, including real-time data preparation,… More

Wirecard adds HCE to mobile wallet platform

March 25th, 2014

Wirecard has integrated support for host card emulation (HCE) into its mobile wallet platform, “enabling telecommunications companies, financial service providers, banks and also retailers to quickly enter the mobile payment market through near field communication.”… More

New EMV framework to support NFC, QR, Bluetooth LE and more

March 6th, 2014

A new tokenization framework being developed by EMVCo for the world’s major payments networks will enable EMV transactions to be made on a mobile phone using the widest possible range of “last inch” technologies— and… More

Video shows Bankinter’s HCE payments service in action

February 27th, 2014

The HCE-based NFC payments solution to be deployed by Spain’s Bankinter this year has been demonstrated by the bank’s Alberto Perez Lafuente and technology provider Seglan’s Imanol Garcia in a video interview filmed by Visa… More

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