A 19-page white paper designed to help banks understand the key concepts of host card emulation (HCE) and tokenization technology and the best practices for evaluating and deploying HCE-based payment services is now available to download from the NFC World Knowledge Centre... More
The Hong Kong Association of Banks (HKAB) has issued Best Practice for NFC Mobile Payment in Hong Kong, a set of common standards and best practices that aims to help establish an interoperable, as well as safe and effective, NFC mobile payment infrastructure... More
“The pace of innovation in the payments industry requires a new approach that ensures innovative payment methods can be tested, approved and commercialized quickly,” says Visa’s Jim McCarthy. More
The NFC Forum is launching a series of special interest groups in “key vertical markets” to support and accelerate adoption of the technology... More
MasterCard has proposed the formation of a cross-industry group designed to foster collaboration and alignment between all stakeholders in the coming move to EMV “chip and pin” technology in the United States... More
News in brief from the NFC world and beyond: Identive, NXP sign VAR deal • Huawei planning NFC phones? • Vodacom looks to NFC • NFC domain names on Ebay • US banks debut P2P payments • Samsung smashes Galaxy sales record • US theme park to offer next-gen shopping experience • Rhodes framework adds NFC support • and more… More
The card giant has set out best practices and minimum standards for encryption and made clear the solution provider’s responsibilities to secure cardholder data when mobile devices are used to accept payment. More
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