News about Cloud-based payments.
June 16th, 2016
Payment processor Worldline has received end-to-end Visa certification to run its cloud-based payments solution in-house. “This solution enables issuers to provide their clients with Visa PayWave on their Android mobile NFC phones with embedded host card emulation (HCE) technology,” Worldline says. “These highly secured transactions will be accepted on all Visa enabled contactless terminals around the world.”
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…
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.
May 3rd, 2016
Drivers of corporate fleet vehicles will soon be able to pay for fuel using a mobile payment service that identifies the site and pump using Bluetooth Low Energy (BLE) beacons and authenticates the vehicle using NFC.
April 26th, 2016
PARTNER NEWS: Prepaid card processor Tutuka has begun the implementation of digital payment solutions provider Proxama’s Digital Enablement Platform (DEP) for a fully independent cloud-based payment (CBP) solution in the Middle East, Asia and Africa. “Proxama will…
April 21st, 2016
Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied…
March 31st, 2016
NFC World partners Proxama, Giesecke & Devrient, Gemalto, Carta Worldwide and Bell ID will be exhibiting at the Money20/20 Europe expo in Copenhagen from April 4-7.
March 10th, 2016
Consumers across Ukraine can now make host card emulation (HCE) based mobile payments using The Pay, a new service launched by Fido Bank in partnership with mobile wallet platform provider PriNum. The service is the…
March 9th, 2016
PARTNER NEWS: A blog post by mobile commerce provider Proxama discusses the implications of Visa’s updated cloud-based payments specifications which include a requirement for issuers to migrate from alternate PANs to tokenization. “The new requirements from Visa could be met by using tokenization services from Visa or a third party TSP, but they also could be met by implementing an in-house tokenization solution — enabling the issuer to maintain control and reduce cost,” Proxama’s Rob Macmillan explains.
March 4th, 2016
Visa has updated its cloud-based payments specifications to include a requirement for issuers to migrate from alternate PANs to tokenization, NFC World has learned. Alternate PANs are used by most of the issuers that have…
March 4th, 2016
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014…
February 1st, 2016
NFC World is pleased to welcome NFC and mobile payments pioneer Proxama as a member of its partner program. The company was involved in some of the world’s first NFC payments projects and now offers…
January 27th, 2016
A 16-page study that presents findings from research into how companies approach payment data security is now available to download from the NFC World Knowledge Centre. The study also reveals why IT professionals believe the risk…
January 26th, 2016
PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus. Bell ID will form part of Rambus’ Cryptography Research division, which specialises in embedded security solutions including tamper resistance,…
January 18th, 2016
PARTNER NEWS: Digital security giant Gemalto has gained MasterCard approval for a complete cloud-based mobile payment solution that includes everything from backoffice server platforms to the payment software running on cardholders’ mobile phones.
December 15th, 2015
Half of consumers in mature markets including North America, Japan and parts of Western Europe expect to be using smartphones or wearables to make payments by 2018, research from Gartner shows. “Any mobile payment wallets that are tied to the device will have limited adoption,” says the firm’s Annette Jump. “Cloud-based solutions will have a better chance to succeed as they can reach a wider audience and can support many use cases beyond face-to-face or in-store options.”
November 11th, 2015
A white paper that explains how host card emulation (HCE) functions and examines its implications for the future of the payments industry is now available to download from the NFC World Knowledge Centre.
October 26th, 2015
Taiwan Mobile Payments Co (TWMP), the mobile payments TSM venture established in 2014 by three Taiwanese banking groups, has signed a deal with Mozido to provide its 27 member banks and financial institutions with a…
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…