News about Infrastructure.
November 26th, 2015
PARTNER NEWS: Mexican bank BBVA Bancomer has become the first to make use of digital giant Gemalto’s Dynamic Code Verification solution. The solution replaces traditional, static three-digit security codes with a dynamic CCV/CVC that changes every 20 minutes.
November 23rd, 2015
UK consumers may soon be able to authenticate online and mobile transactions using a PIN-based solution from myPINpad following trials with UK payments infrastructure operator VocaLink. “Collaborative discussions have already been initiated with a number of the UK’s leading banks, acquirers and issuers, merchants and PSPs, focused on a number of authentication use cases,” myPINpad says.
November 13th, 2015
Citizens across Barcelona can now use contactless cards, NFC phones and devices such as smartwatches to access the city’s transportation network as well as rent a bicycle at the train station or pay motorway tolls.
November 12th, 2015
The Bluetooth Special Interest Group (SIG) has announced planned updates to the Bluetooth specification, bringing longer range, higher speeds and mesh networking to the technology. The enhancements are scheduled for 2016 and are “focused squarely…
November 3rd, 2015
PARTNER NEWS: Digital security giant Gemalto has launched a new version of its UpTeq multi-tenant NFC SIM, with an embedded Mifare4Mobile v2 app allowing it to support multiple Mifare-based transport ticketing services such as those used…
October 15th, 2015
PARTNER NEWS: Digital security giant Gemalto is to provide its mobile payment solutions to Dai Nippon Printing (DNP), an NFC technology supplier and solution provider for financial institutions in Japan. “DNP will operate Gemalto’s solutions,…
October 15th, 2015
PARTNER NEWS: Transaction technology provider Carta Worldwide has introduced an appliance-based turnkey solution that aims to dramatically reduce the time it takes for large banks, processors and domestic networks to bring tokenized HCE mobile payment…
October 12th, 2015
UK payment infrastructure operator VocaLink has signed a letter of intent with Thailand’s main interbank payments provider National ITMX to collaborate on the development of a mobile payment solution for banks, consumers and businesses in Thailand. “The…
September 29th, 2015
Zapp, the UK mobile payments start-up formed by payments infrastructure operator VocaLink, has reportedly confirmed that it is to delay its Pay by Bank service, due to launch in autumn, because of integration issues. In…
September 11th, 2015
Nearly half of Canadian banking executives (46%) do not think they have the IT infrastructure systems and processes in place to meet present and future customer expectations for mobile payments, research from telecommunications provider CenturyLink reveals. “70% said they don’t have the infrastructure in place, or it needs improvement, for digital channels,” the company adds.
July 21st, 2015
PARTNER NEWS: Digital security specialist Gemalto has partnered with prepaid card provider InComm to enable mobile wallet providers to offer prepaid NFC mobile payment services. “The InComm Mobile Platform (IMP) enables mobile wallet providers and…
June 15th, 2015
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”
June 8th, 2015
Dutch banks have laid out plans to facilitate instant payments within four years, with a view to creating a “new payment infrastructure” that would transfer payments within five seconds. “The project will be carried out under the aegis of the Dutch Payments Association, which, together with the banks, will further discuss and work out the vision and roadmap with users in the second half of this year,” De Nederlandsche Bank says.
May 8th, 2015
PARTNER NEWS: Transaction technology provider Carta Worldwide has hired Elizabeth “Buffy” Duke as its vice president of business development. Duke’s 25 year career has included senior positions at MasterCard, C-Sam and Network for Electronic Transfers…
April 22nd, 2015
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards.
February 3rd, 2015
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call. “On our tokenization efforts, we are very actively working with issuers in…
December 8th, 2014
The Bluetooth Special Interest Group (SIG) has adopted version 4.2 of the Bluetooth core specification, introducing security improvements that mean Bluetooth beacons are now unable to engage with smartphones without permission from the user and making it harder for eavesdroppers to track a device via its Bluetooth connection.
October 27th, 2014
The Clearing House (TCH) and its member banks are planning to build a real-time payment system in the US that will enable consumers and businesses to send and receive immediate payments directly from their accounts. “The digital economy moves in real time and our customers expect us to keep pace,” says chairman Richard Davis. “We will work with the industry to build a real-time payment infrastructure, which will enable consumers to pay and get paid securely and conveniently.”
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…
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…