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    Coles backs Australian banks versus Apple

    August 30th, 2016

    Supermarket giant Coles is backing the group of Australian banks seeking power to “collectively negotiate” with third party mobile wallet providers. “We believe the ability to tailor solutions for customers and provide them with greater value should be the driver for customer choice and not a technical lockout,” says the retailer in a submission to the Australian Competition and Consumer Commission (ACCC). Earlier this month the ACCC ruled that it would not grant the banks interim authorization to collectively negotiate.

     

    ACCC rejects Australian banks’ negotiation bid

    August 22nd, 2016

    The Australian Competition and Consumer Commission (ACCC) has decided not to grant a group of Australian banks interim authorization to “collectively negotiate” with third party mobile wallet providers.  More

    EMVCo to certify mobile devices for NFC and HCE payments

    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… More

    Australian banks seek stronger negotiating powers with third party mobile wallet providers

    July 27th, 2016

    A group of Australian banks have submitted an application to the Australian Competition and Consumer Commission (ACCC), urging for the right to ensure they are able to “collectively negotiate” with third party mobile wallet providers.  More

    PBOC working to regulate QR code mobile payments in China

    July 25th, 2016

    People’s Bank of China (PBOC) is working to create a system for regulating QR code mobile payments in the country, after it suspended QR code-based services run by third-party payment providers in March 2014. “Payment providers including Alipay and Tenpay, along with a number of commercial banks, have continued marketing their QR code payment services,” Caixin reports. “A source close to the central bank said that the 2014 ban was put in place because there were no rules or standards for third party QR code payment services.” PBOC also moved to open up Chinese mobile payment services in August 2015.

    Visa reports EMV uptake in the US

    July 21st, 2016

    There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported. “The US added more than 100,000 chip-enabled merchant locations in June, bringing the total to 1.3m, or about 28% of the total merchant population,” the payment network says. “More than three-quarters of those chip-ready locations are small and medium-sized businesses. In June, one in four dollars spent in-store on a Visa card was spent with a chip card in a chip terminal.” The number of Visa chip payment transactions hit 483m in June.

    Europeans keen to use biometric authentication for payments, says Visa

    July 14th, 2016

    More than two thirds (68%) of European consumers want to use biometrics as a method of payment authentication, research from Visa reveals, and 73% see two-factor authentication as a secure way to confirm an account holder’s identity. More

    EMVCo and the Fido Alliance to review authentication standards

    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.”

    Nordic banks sign up to HCE mobile payments with Nets

    June 30th, 2016

    Customers of banks belonging to Danish banking collective The Bokis Partnership will soon be able to make host card emulation (HCE) based mobile payments via a service that uses an HCE and tokenization platform from digital payment services provider Nets and Carta Worldwide. More

    EMV claims more than a third of global card-present payments

    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. More

    LG U+ to launch biometric authentication platform

    June 20th, 2016

    LG U+ is to release a new service in August that uses biometric authentication for mobile shopping and banking transactions based on the storage of “personal biometric information in universal subscriber identity modules (USIMs),” according to Business Korea. “The platform is to be used for combination of users’ biometric information, such as fingerprint data and iris data, with the mobile carrier’s subscriber and billing information so that one-stop authentication can become possible,” the publication reports. The service will make use of Fido standards.

    More than 200 products are now Fido certified

    June 16th, 2016

    More than 200 products from global technology leaders are now Fido certified, the Fido Alliance has revealed. “This represents a 100% increase since the start of 2016,” the organisation says. “These latest certifications include the first Fido certified products that support Bluetooth for wireless strong authentication.” Fido was launched in 2013 as an open security authentication concept to replace passwords with a range of methods such as biometrics. Support for Bluetooth Low Energy (BLE) and NFC was added in July 2015.

    Axis Bank to launch contactless transit and payments card in India

    June 15th, 2016

    Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank…. More

    Euro 2016 fans to get NFC wristbands for transport in Lille

    June 9th, 2016

    PARTNER NEWS: Football fans at Euro 2016 will be able to pay for their journeys on the Transpole transport network in the French city of Lille with a tap of their wrist using an NFC… More

    GlobalPlatform reports on secure element shipments

    June 6th, 2016

    A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed. “This is a very significant announcement, which shows just how far the secure chip technology industry has advanced in recent years,” says GlobalPlatform’s Kevin Gillick.

    MasterCard collaborates on speeding up EMV checkout

    May 26th, 2016

    MasterCard is working with other payment networks, acquirers and processors to develop a standard that will reduce EMV checkout times. “These efforts will be based on the company’s M/Chip Fast solution,” MasterCard says. “It builds on the principles of contactless or tap and go technology, helping to speed EMV transactions and shoppers through checkout lines. Testing and certification for M/Chip Fast is streamlined for efficient adoption.” The company unveiled M/Chip Fast in April 2016.

    Polish bank gets HCE mobile payments through First Data and Bell ID

    May 25th, 2016

    PARTNER NEWS: Customers of Eurobank Poland can now make host card emulation (HCE) based mobile payments as a result of a collaboration between First Data Poland and tokenization and mobile payment specialist Bell ID which offers cloud-based mobile payments… More

    Proxama sets out advantages of in-house EMV

    May 13th, 2016

    A white paper that sets out the advantages of bringing outsourced or delegated EMV card processing back in-house and explains how taking an integrated approach to physical and digital card issuing and processing will deliver cost savings is now available to download from the NFC World+ Knowledge Centre. ‘The Case for In-Sourcing EMV’ has been produced by Proxama and aims to help clarify the benefits of in-house processing to card issuers.

    EMV Migration Forum releases EMV testing and certification white paper

    May 5th, 2016

    The EMV Migration Forum has released a white paper that explains the requirements for testing and certifying contact and contactless chip-enabled terminals and details the most up-to-date requirements and processes from the global payment networks. The ‘EMV Testing and Certification White Paper: Current Global Payment Network Requirements for the US Acquiring Community’ identifies use cases when testing or retesting is required for EMV chip and contactless terminals, when retesting is recommended as best practice and when only standard internal testing is advised.

    Turkey aims to be cashless by 2023

    May 3rd, 2016

    Turkey has introduced its own card payment system in an attempt to move towards a cashless society by 2023. Known as Troy, the system has been built into all point-of-sale terminals and ATMs across the… More

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