“Tokenization does a couple of things brilliantly; one is it really helps on facilitating innovation, facilitating the use, for example, of mobile phones for payments,” Visa Europe’s Sandra Alzetta told NFC World following the payment network’s announcement of plans to launch a customised tokenization platform to European banks in April... More
About 59% of US point-of-sale (POS) terminals will be EMV-enabled by the end of this year, research by Aite Group has revealed, with NFC distribution projected to “ramp at the same rate as EMV distribution,” senior analyst Thad Peterson tells NFC World... More
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 Creditcall and ViewAt Technology... More
Four out of every 10 smart payment cards shipped in 2014 (40%) were contactless, representing a year-on-year growth of 35% with much of the increase driven by Europe and Asia, the Smart Payment Association’s annual review of the card payment market has revealed... More
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call... More
More than six in ten (61%) US ATM operators expect “the vast majority” of their network will be capable of handling EMV transactions by the end of 2016, the ATM Industry Association has revealed... More
More than 63% of US retailers have included payment security among their top three priorities for 2015 in a survey by Boston Retail Partners, with 650% more retailers planning to support EMV by October... More
More than half of all US retailers (55%) are still not fully prepared for the migration to EMV despite the impending October deadline, a survey for ACI Worldwide has revealed... More
More than half (53%) of US consumers think it is important for more retailers to install devices that enable them to pay with their smartphones, a Verifone survey conducted by Wakefield Research has revealed, with 84% prepared to use their smartphones to pay for small and medium purchases such as a cup of coffee or a pair of jeans... More
Verifone and Samsung have announced a global partnership to deliver Android-based mobile point of sale (mPOS) solutions to multi-lane and enterprise retailers... More
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... More
Westpac New Zealand is to offer customers contactless stickers they can attach to the back of their mobile phone to make NFC payments at more than 15,000 contactless POS terminals across the country... More
US carrier mobile payments venture Softcard has unveiled Tappy, a mascot designed by the company behind The Muppets that will be used initially in an online advertising blitz reported to be valued at US$1.5m. More
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in the future, CEO Charles Scharf has revealed at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference... More
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 United States... More
Chase Paymentech and Vantiv, two of the largest payment processors in the US, have signed up to distribute the former head of Google Wallet’s new Poynt POS terminal to their merchant bases... More
The former head of Google Wallet has unveiled a payment terminal supporting mag stripe, EMV, NFC, QR codes and beacon technology with no add-ons or dongles needed... More
Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015... More
A new open source software project designed to help banks offer tokenized card payments has been launched by HCE specialist SimplyTapp... More
PARTNER NEWS: Payment credential management specialist Bell ID has introduced Tokenization Manager, a software solution that can be used by token requesters such as card issuers to manage payment tokens, by digital wallet providers to deliver tokens to support mobile NFC payments and by merchants to replace the need to store customers’ card numbers... More